Applied Materials (AMAT): financials, SEC filings and peers

Applied Materials (AMAT) is a semiconductor materials & equipment company in the Information Technology sector of the S&P 500, headquartered in Santa Clara, California.

It was founded in 1967 and joined the S&P 500 on March 16, 1995.

Its fiscal year ends in October, and its shares trade on the Nasdaq.

In its SEC filings it is classified as “Semiconductors & Related Devices”.

Applied Materials at a glance

Revenue (12 months): $30.8B
Revenue growth: +7.8%
Operating margin: 29.6%
Net income (12 months): $9.3B
Free cash flow (12 months): $5.6B
Cash: $7.0B
Debt: $7.7B
Diluted EPS (12 months): $11.59

Twelve months to July 26, 2026, from the 10-Q filed August 20, 2026.

Latest twelve months

Over the twelve months to July 26, 2026, Applied Materials reported revenue of $30.8 billion, about the same as a year earlier (+7.8%).

Its operating margin was 29.6%: for every $100 of sales, about $30 was left as operating profit.

Net income was $9.3 billion (30.1% of revenue), 35.6% higher than a year earlier.

Operating cash flow was $8.4 billion and capital spending $2.8 billion, leaving free cash flow of $5.6 billion (18.2% of revenue).

At the end of the period it held $7.0 billion in cash and $7.7 billion in debt, a net debt position of $706 million.

Five-year trend

Revenue went from $17.2 billion in fiscal 2020 to $28.4 billion in fiscal 2025, about 10.5% a year.
Revenue has grown for 5 fiscal years in a row.
Operating margin widened from 25.4% to 29.2% over the same years.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$23.1B	$25.8B	$26.5B	$27.2B	$28.4B
Revenue growth	34.1%	11.8%	2.8%	2.5%	4.4%
Operating margin	29.9%	30.2%	28.9%	28.9%	29.2%
Net income	$5.9B	$6.5B	$6.9B	$7.2B	$7.0B
Free cash flow	$4.8B	$4.6B	$7.6B	$7.5B	$5.7B
Diluted EPS	$6.40	$7.44	$8.11	$8.61	$8.66

Fiscal years as reported in Applied Materials’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

8-K filed August 27, 2026 — Executive or director change; Regulation FD disclosure
10-Q filed August 20, 2026 — quarterly report
8-K filed August 13, 2026 — Earnings results
10-Q filed May 21, 2026 — quarterly report
8-K filed May 14, 2026 — Earnings results
8-K filed March 13, 2026 — Shareholder vote results
10-Q filed February 19, 2026 — quarterly report
8-K filed February 12, 2026 — Earnings results

All Applied Materials filings on SEC EDGAR

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Questions about Applied Materials

Is Applied Materials's revenue growing?

Yes. Revenue for the twelve months to July 26, 2026 was $30.8 billion, up 7.8% from a year earlier, according to its SEC filings.

Is Applied Materials profitable?

Yes. It earned $9.3 billion in net income over the twelve months to July 26, 2026, a net margin of 30.1%.

Does Applied Materials have more cash or more debt?

At July 26, 2026 it had $7.0 billion in cash and $7.7 billion in debt, so more debt than cash.

When did Applied Materials last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on August 20, 2026.

Which companies are similar to Applied Materials?

In the S&P 500, Applied Materials is grouped in Semiconductor Materials & Equipment within the Information Technology sector. KLA Corporation (KLAC), Lam Research (LRCX), Qnity Electronics (Q), Teradyne (TER) are in the same group.

Understand the numbers

Source: Applied Materials’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.