Every 10-Q that Applied Materials, Inc. (AMAT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AMAT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMAT filings page.
Applied Materials, Inc. (AMAT) reported strong results for the quarter ended July 26, 2026. Revenue rose to $9.1 billion from $7.3 billion a year earlier, and net income increased to $2.54 billion from $1.78 billion. Gross margin improved to 50.3%, and operating margin to 33.7%, helped by higher volumes, increased average selling prices and lower material and manufacturing costs. Semiconductor Systems remained the main contributor, with segment revenue of $7.0 billion and operating margin of 37.7%. Applied Global Services delivered $1.8 billion of revenue with a 30.1% operating margin.
For the first nine months of fiscal 2026, revenue grew to $24.0 billion from $21.6 billion, and net income rose to $7.37 billion from $5.10 billion. Operating cash flow was $5.57 billion, and cash, cash equivalents and investments totaled $14.5 billion. The effective tax rate declined to 12.9%, primarily due to tax incentives and prior-year CAMT valuation effects. AMAT recorded a $253 million charge related to a settlement of an export controls compliance matter and continued returning capital via $1.1 billion in share repurchases and $1.2 billion in dividends over nine months.
Applied Materials delivered stronger results for the quarter ended April 26, 2026. Revenue rose to $7.9 billion from $7.1 billion a year earlier, and gross margin improved to 49.9%, helped by higher average selling prices and solid demand in Semiconductor Systems and Applied Global Services.
Net income increased to $2.8 billion from $2.1 billion, and diluted earnings per share grew to $3.51 from $2.63. For the first six months, net income reached $4.8 billion, supported by large unrealized gains on equity investments and a lower effective tax rate of 13.0%, partly driven by new tax incentive agreements in Singapore.
The company ended the period with $13.4 billion in cash, cash equivalents and investments, after funding $1.3 billion of capital expenditures, $0.7 billion of share repurchases and $0.7 billion of dividends over six months. It also paid a $253 million legal settlement to resolve a U.S. export controls matter and recorded $1.1 billion of investment tax credits tied to government incentives for capital spending.
Applied Materials reported a mixed but solid quarter. Revenue was $7.0 billion, down 2% year over year, but gross margin edged up to 49.0%. Operating income was $1.8 billion and net income jumped to $2.0 billion, lifting diluted EPS to $2.54 from $1.45.
Profitability benefited from a $470 million net gain on equity investments and a sharply lower tax rate of 13.0%. Results also include a $253 million legal settlement charge tied to a BIS export‑controls inquiry, which has now been resolved, while DOJ and SEC inquiries were closed with no enforcement action.
Semiconductor Systems revenue fell 8% as foundry and logic demand softened, partly offset by stronger DRAM spending. Applied Global Services grew 15% on higher long‑term service and spares sales. The company ended the quarter with $13.5 billion in cash, cash equivalents and investments, repurchased $337 million of stock, and paid $365 million in dividends at $0.46 per share.
Applied Materials reported interim unaudited results for the third quarter ended July 27, 2025, prepared on a consistent basis with its 2024 Form 10-K. Key items disclosed include a $410 million valuation allowance against corporate AMT credits that contributed to a higher third-quarter effective tax rate of 30.6% versus 13.0% a year earlier. The company entered a $2.0 billion committed revolving credit agreement (expandable to $2.5 billion) and maintained $100 million of commercial paper outstanding. Long-term senior unsecured notes had $5.5 billion principal with estimated fair value of $5.0 billion. Dividends of $0.46 per share were declared in June and March 2025; dividends paid YTD totaled $1.0 billion. Board-authorized repurchases total $20.0 billion (combined) with approximately $14.8 billion remaining available. The filing discloses legal subpoenas related to China shipments and export controls and states no material liability is currently expected from legal matters.