COVERAGE / AMAT / Technology

APPLIED MATERIALS INC /DE

Semiconductors & Related Devices

COVERAGE STATUSACTIVE

DATA THROUGH2025-10-26

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-10-26 · Prior / 2024-10-27 · USD · Annual periods

Revenue

$28.37bn

Prior / $27.18bn

Change / +4.39%

SOURCE / 2025-12-12

Operating income

$8.29bn

Prior / $7.87bn

Change / +5.36%

SOURCE / 2025-12-12

Net income

$7bn

Prior / $7.18bn

Change / -2.49%

SOURCE / 2025-12-12

Diluted EPS

$8.66

Prior / $8.61

Change / +0.58%

SOURCE / 2025-12-12

Free cash flow

$5.7bn

Prior / $7.49bn

Change / -23.89%

SOURCE / 2025-12-12

Gross margin

48.67%

Prior / 47.46%

Change / +1.22 pp

SOURCE / 2025-12-12

Operating margin

29.22%

Prior / 28.95%

Change / +0.27 pp

SOURCE / 2025-12-12

Return on avg. equity

35.51%

Prior / 40.61%

Change / -5.10 pp

SOURCE / 2025-12-12

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2024-10-28",
    "end": "2025-10-26",
    "val": 28368000000,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2024-10-28",
    "end": "2025-10-26",
    "val": 6998000000,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "grossProfit": {
    "start": "2024-10-28",
    "end": "2025-10-26",
    "val": 13808000000,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "frame": "CY2025",
    "tag": "us-gaap:GrossProfit",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2024-10-28",
    "end": "2025-10-26",
    "val": 8289000000,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2024-10-28",
    "end": "2025-10-26",
    "val": 8.66,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2024-10-28",
    "end": "2025-10-26",
    "val": 7958000000,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2024-10-28",
    "end": "2025-10-26",
    "val": 2260000000,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-10-26",
    "val": 36299000000,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-10-26",
    "val": 15884000000,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-10-26",
    "val": 20415000000,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-10-26",
    "val": 20881000000,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-10-26",
    "val": 7999000000,
    "accn": "0001628280-25-056742",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-12",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-10-26	$28.37bn	$7bn	$5.7bn	$8.66
2024-10-27	$27.18bn	$7.18bn	$7.49bn	$8.61
2023-10-29	$26.52bn	$6.86bn	$7.59bn	$8.11
2022-10-30	$25.79bn	$6.53bn	$4.61bn	$7.44

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-10-26. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	48.20x	Unavailable	47.78x	16
P/S	11.68x	Unavailable	12.58x	14
P/B	16.23x	Unavailable	14.12x	13
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	1.72%	Unavailable	1.72%	11

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-26 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 417.4,
  "tradingDate": "2026-09-17",
  "marketCap": 331247572708.2,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-26"
}

Company & operating context

APPLIED MATERIALS INC /DE is an SEC-reporting issuer listed on NASDAQ under AMAT. Its SEC industry description is Semiconductors & Related Devices. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Product cycles, recurring software revenue and infrastructure investment shape this broad group. Hardware and software businesses have different cost structures.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2025-12-12PERIOD / 2025-10-26

AMAT filed this 10-K on 2025-12-12 for the reported period 2025-10-26. Reading focus: Revenue mix, research spending, inventory and cash conversion. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0009AMATCompany Research

AMAT: reading the FY2025 financial structure ↗

APPLIED MATERIALS INC /DE

Research abstract

Annual revenue of USD 28.368 billion and net income of USD 6.998 billion for the period ended 2025-10-26.

DATA THROUGH2025-10-262 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Customer concentration, product transitions, export restrictions and the durability of capital spending.

Revenue mix, research spending, inventory and cash conversion.

TECHNOLOGY SYSTEM ↗

Sources & dates

SEC annual filing · 2025-10-26 ↗Source date 2025-12-12
SEC annual filing · 2024-10-27 ↗Source date 2025-12-12
SEC annual filing · 2023-10-29 ↗Source date 2025-12-12
SEC annual filing · 2022-10-30 ↗Source date 2024-12-13
SEC issuer record ↗Source date 2026-09-18