APPLIED MATERIALS INC /DE

AMAT 10-Q · Q2 2026

AMAT Q2 2026 request

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Income Statement

Income Statement
Metric Q2 2026 Q2 2025 YoY
Revenue 7,910 7,100 +11.4%
Show Business Segments breakouts
Applied Global Services · Operating Segments 1,665 1,420 +17.3%
Semiconductor Systems · Operating Segments 5,965 5,401 +10.4%
Show Geography breakouts
Asia Pacific 6,622 6,040 +9.6%
CN 2,087 1,774 +17.6%
Europe 347 252 +37.7%
JP 623 572 +8.9%
KR 1,572 1,562 +0.6%
Southeast Asia 185 135 +37.0%
TW 2,155 1,997 +7.9%
US 941 808 +16.5%
Show Consolidation Items breakouts
Other 280 279 +0.4%
Cost of Revenue 3,963 3,615 +9.6%
Show Business Segments breakouts
Applied Global Services · Operating Segments 1,088 944 +15.3%
Semiconductor Systems · Operating Segments 2,701 2,512 +7.5%
Show Consolidation Items breakouts
Other 174 159 +9.4%
Gross Profit 3,947 3,485 +13.3%
Show Business Segments breakouts
Applied Global Services · Operating Segments 577 476 +21.2%
Semiconductor Systems · Operating Segments 3,264 2,889 +13.0%
Show Consolidation Items breakouts
Other 106 120 -11.7%
Research & Development 1,027 893 +15.0%
Show Business Segments breakouts
Applied Global Services · Operating Segments 20 18 +11.1%
Semiconductor Systems · Operating Segments 865 774 +11.8%
Show Consolidation Items breakouts
Other 142 101 +40.6%
Sales & Marketing 233 216 +7.9%
General & Administrative 164 207 -20.8%
Operating Expenses 1,424 1,316 +8.2%
Operating Income 2,523 2,169 +16.3%
Show Business Segments breakouts
Applied Global Services · Operating Segments 487 378 +28.8%
Semiconductor Systems · Operating Segments 2,092 1,770 +18.2%
Show Consolidation Items breakouts
Other -56 21 -366.7%
Interest Expense 69 68 +1.5%
Other Non-Operating Income (Expense) 771 221 +248.9%
Income Before Taxes 3,225 2,322 +38.9%
Income Tax Expense (Benefit) 419 185 +126.5%
Net Income 2,806 2,137 +31.3%
Show Equity Components breakouts
Retained Earnings 2,806 2,137 +31.3%
EPS (Basic) 3.53 2.64 +33.7%
EPS (Diluted) 3.51 2.63 +33.5%
Wtd Avg Shares (Basic) 794 809 -1.9%
Wtd Avg Shares (Diluted) 799 812 -1.6%
Selling, General & Administrative 397 423 -6.1%
Show Business Segments breakouts
Applied Global Services · Operating Segments 70 80 -12.5%
Semiconductor Systems · Operating Segments 307 345 -11.0%
Show Consolidation Items breakouts
Other 20 -2 +1100.0%
Interest Income 96 101 -5.0%
Comprehensive Income 2,792 2,136 +30.7%
Other Comprehensive Income -14 -1 -1300.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -14 -1 -1300.0%

Balance Sheet

Balance Sheet
Metric Q2 2026 Q2 2025 YoY
Current Assets
Cash & Cash Equivalents 6,301 6,169 +2.1%
Short-Term Investments 1,940 578 +235.6%
Accounts Receivable 6,372 6,187 +3.0%
Show Business Segments breakouts
Applied Global Services · Operating Segments 1,265 1,159 +9.1%
Semiconductor Systems · Operating Segments 4,820 4,925 -2.1%
Show Consolidation Items breakouts
Other 287 103 +178.6%
Inventory 6,343 5,656 +12.1%
Show Business Segments breakouts
Applied Global Services · Operating Segments 1,852 1,804 +2.7%
Semiconductor Systems · Operating Segments 4,309 3,666 +17.5%
Show Consolidation Items breakouts
Other 182 186 -2.2%
Other Assets Current 1,615 1,118 +44.5%
Total Current Assets 22,571 19,708 +14.5%
Prepaid Expenses & Other Current Assets 1,176 1,063 +10.6%
Non-Current Assets
Long Term Investments 5,142 3,638 +41.3%
Property, Plant & Equipment 5,255 3,832 +37.1%
Goodwill 3,824 3,748 +2.0%
Show Business Segments breakouts
Applied Global Services · Operating Segments 964 964 0.0%
Semiconductor Systems · Operating Segments 2,661 2,544 +4.6%
Show Consolidation Items breakouts
Other 199 240 -17.1%
Deferred Income Taxes And Other Assets Noncurrent 3,164 2,457 +28.8%
Total Assets 40,286 33,632 +19.8%
Operating Lease Right-of-Use Assets 820 434 +88.9%
Deferred Tax Assets 1,047 1,723 -39.2%
Other Non-Current Assets 1,297 300 +332.3%
Other Assets
Intangible Assets Net Excluding Goodwill 330 249 +32.5%
Current Liabilities
Short Term Borrowings 1,199 799 +50.1%
Accounts Payable And Accrued Liabilities Current 5,229 4,706 +11.1%
Deferred Revenue (Current) 2,570 2,491 +3.2%
Total Current Liabilities 8,998 7,996 +12.5%
Accounts Payable 2,197 1,803 +21.9%
Current Portion of Long-Term Debt 1,199 700 +71.3%
Non-Current Liabilities
Long-Term Debt 5,256 5,462 -3.8%
Accrued Income Taxes Noncurrent 704 321 +119.3%
Other Non-Current Liabilities 1,419 892 +59.1%
Total Liabilities 16,377 14,671 +11.6%
Operating Lease Liabilities 699 328 +113.1%
Stockholders' Equity
Common Stock Value Outstanding 8 8 0.0%
Additional Paid In Capital Common Stock 10,531 9,966 +5.7%
Retained Earnings 59,274 52,280 +13.4%
Treasury Stock Common Value -45,780 -43,149 -6.1%
Accumulated Other Comprehensive Income -124 -144 +13.9%
Total Stockholders' Equity 23,909 18,961 +26.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -100 -87 -14.9%
Accumulated Gain Loss Net Cash Flow Hedge Parent -29 -68 +57.4%
Accumulated Net Unrealized Investment Gain Loss -8 -2 -300.0%
Accumulated Other Comprehensive Income -124 -144 +13.9%
Accumulated Translation Adjustment 13 13 0.0%
Additional Paid In Capital 10,531 9,966 +5.7%
Common Stock 8 8 0.0%
Retained Earnings 59,274 52,280 +13.4%
Treasury Stock Common -45,780 -43,149 -6.1%
Total Liabilities & Equity 40,286 33,632 +19.8%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2026 YTD Q2 2025 YoY
Operating Activities
Depreciation And Amortization 262 208 +26.0%
Show Business Segments breakouts
Applied Global Services · Operating Segments 30 24 +25.0%
Semiconductor Systems · Operating Segments 182 142 +28.2%
Show Consolidation Items breakouts
Other 50 42 +19.0%
Restructuring Costs 12
Gain Loss On Investments -1,138 24 -4841.7%
Stock-Based Compensation 376 354 +6.2%
Increase Decrease In Deferred Income Taxes 74 672 -89.0%
Other Operating Activities Cash Flow Statement 4 -38 +110.5%
Change in Accounts Receivable -1,188 -953 -24.7%
Change in Inventory -401 -235 -70.6%
Increase Decrease In Other Operating Assets -394 -30 -1213.3%
Increase Decrease In Accounts Payable And Accrued Liabilities -221 -92 -140.2%
Change in Deferred Revenue -3 -358 +99.2%
Increase Decrease In Accrued Income Taxes Payable 325 -373 +187.1%
Increase Decrease In Other Operating Liabilities -9 -5 -80.0%
Net Cash from Operations 2,531 2,496 +1.4%
Investing Activities
Capital Expenditures -1,281 -891 -43.8%
Payments To Acquire Businesses Net Of Cash Acquired -175 -29 -503.4%
Proceeds From Divestiture Of Businesses 6 33 -81.8%
Proceeds From Sale And Maturity Of Other Investments 3,234 3,144 +2.9%
Payments To Acquire Investments -3,523 -2,933 -20.1%
Net Cash from Investing -1,739 -676 -157.2%
Financing Activities
Proceeds From Issuance Of Commercial Paper 300 300 0.0%
Repayments Of Commercial Paper -400 -300 -33.3%
Proceeds From Issuance Of Common Stock 131 129 +1.6%
Share Repurchases -737 -2,988 +75.3%
Tax Withholding for Share Compensation -309 -177 -74.6%
Payments Of Dividends -730 -651 -12.1%
Net Cash from Financing -1,745 -3,689 +52.7%
Supplemental
Income Taxes Paid 650 833 -22.0%
Proceeds From Income Tax Refunds 16 75 -78.7%
Interest Paid 119 120 -0.8%
Other Cash Flow
Net Change in Cash -953 -1,869 +49.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 6,359 6,244 +1.8%
Restricted Cash Equivalents 58 75 -22.7%
Show Financial Instrument breakouts
Money Market Funds 58 75 -22.7%
Show Cash And Cash Equivalents breakouts
Money Market Funds 58 75 -22.7%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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