Applied Materials Inc (AMAT) operating KPIs

AMATNasdaqSemiconductors & Related DevicesFiscal year ends October 26

Financials through Q3 FY2026, quarter ended Jul 26, 2026Last filing: 10-Q on Aug 20, 2026Score 19/3037% above fair value

$390.09−31.57 (-7.49%)

Close on Oct 30, 2026Market cap $309.57BP/E 33.7Yield 0.46%

KPIs

Operating metrics that drive Applied Materials's business · fiscal year ends last Sunday of October

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Applied Materials's fiscal year ends last Sunday of October — Q4 '26 = Aug–Oct 2026.

Column labels

Metric	Q4 '26 2026-10-26	Q3 '26 2026-07-26	Q2 '26 2026-04-26	Q1 '26 2026-01-25	Q4 '25 2025-10-26	Q3 '25 2025-07-27	Q2 '25 2025-04-27	Q1 '25 2025-01-26	Q4 '24 2024-10-27	Q3 '24 2024-07-28	Q2 '24 2024-04-28	Q1 '24 2024-01-28

Semiconductor Systems revenue($M)7		7,040	5,965	5,141	4,760	5,564	5,401	5,597	5,177	4,924	4,901	4,909
Foundry, logic and other revenue share(%)		67.0%	67.0%	62.0%	65.0%	69.0%	66.0%	69.0%	73.0%	72.0%	65.0%	62.0%
DRAM revenue share (incl. High-Bandwidth Memory / HBM)(%)		26.0%	29.0%	34.0%	29.0%	22.0%	27.0%	27.0%	23.0%	24.0%	32.0%	34.0%
Flash memory (NAND) revenue share(%)		7.0%	4.0%	4.0%	6.0%	9.0%	7.0%	4.0%	4.0%	4.0%	3.0%	4.0%
GAAP gross profit($M)3		3,892	3,264	2,794		2,970	2,889	2,986
GAAP gross margin(%)		55.3%	54.7%	54.3%		53.4%	53.5%	53.4%
Non-GAAP gross profit($M)		3,903	3,270	2,801		2,977	2,895	2,993
Non-GAAP gross margin(%)		55.4%	54.8%	54.5%		53.5%	53.6%	53.5%
GAAP operating income($M)3		2,657	2,092	1,427	1,527	1,837	1,770	1,872	1,824	1,712	1,701	1,744
GAAP operating margin(%)		37.7%	35.1%	27.8%	32.1%	33.0%	32.8%	33.4%	35.2%	34.8%	34.7%	35.5%
Non-GAAP operating income($M)		2,673	2,102	1,691	1,538	1,849	1,781	1,886	1,834	1,722	1,711	1,754
Non-GAAP operating margin(%)		38.0%	35.2%	32.9%	32.3%	33.2%	33.0%	33.7%	35.4%	35.0%	34.9%	35.7%
Cost of products sold($M)4		3,148	2,701	2,347		2,594	2,512	2,611
Research, development and engineering (RD&E) expense($M)		907	865	798		779	774	734
Selling, general and administrative (SG&A) expense($M)		328	307	316		354	345	380
Depreciation and amortization($M)		105	101	81		82	73	69
Segment capital expenditures($M)		171	120	76		108	118	107
Segment accounts receivable, net($M)2		6,146	4,820	3,687	3,733	4,655	4,925	4,779	3,816
Segment inventories, net($M)		4,408	4,309	4,047	3,444	3,790	3,666	3,543	2,988
Segment goodwill($M)		2,691	2,661	2,544	2,476	2,544	2,544	2,564	2,460	2,460	2,460	2,460

Applied Global Services (AGS) revenue($M)4		1,781	1,665	1,559	1,625	1,463	1,420	1,353	1,639	1,580	1,530	1,476
GAAP gross profit($M)3		634	577	537		494	476	437
GAAP gross margin(%)		35.6%	34.7%	34.4%		33.8%	33.5%	32.3%
Non-GAAP gross profit($M)		634	577	537		494	476	437
Non-GAAP gross margin(%)		35.6%	34.7%	34.4%		33.8%	33.5%	32.3%
GAAP operating income($M)3		536	487	438	454	400	378	336	492	467	436	417
GAAP operating margin(%)		30.1%	29.2%	28.1%	27.9%	27.3%	26.6%	24.8%	30.0%	6.4%	2.8%	10.2%
Non-GAAP operating income($M)		536	487	438	454	400	378	337	492	16	5	25
Non-GAAP operating margin(%)		30.1%	29.2%	28.1%	27.9%	27.3%	26.6%	24.9%	30.0%	6.4%	2.8%	10.2%
Cost of products and services sold($M)4		1,147	1,088	1,022		969	944	916
Research, development and engineering (RD&E) expense($M)		31	20	18		18	18	14
Selling, general and administrative (SG&A) expense($M)		67	70	81		76	80	87
Depreciation and amortization($M)		17	16	14		13	12	12
Segment capital expenditures($M)		34	14	10		6	19	4
Segment accounts receivable, net($M)2		1,348	1,265	1,203	1,269	1,140	1,159	1,105	1,297
Segment inventories, net($M)		1,906	1,852	1,826	2,301	1,811	1,804	1,810	2,306
Segment goodwill($M)		983	964	964	1,032	964	964	964	1,032	1,032	1,032	1,032
Other & Display operations revenue($M)8		294	280	312	415	275	279	216	229	23	36	78
Other / Corporate gross profit($M)		60	106	104		98	120	73
Other / Corporate operating income (loss)($M)		-118	-56	-34	-269	-4	21	-33	-270	-253	-230	-219
Other / Corporate cost of products sold($M)		234	174	208		177	159	143
Other / Corporate RD&E expense($M)		162	142	112		104	101	111
Other / Corporate SG&A expense($M)		16	20	14		-2	-2	-5
Other / Corporate depreciation and amortization($M)		29	18	32		18	18	24
Corporate and Other capital expenditures (incl. EPIC Center)($M)		502	501	560		470	373	270
Display and Adjacent Markets revenue (legacy reportable segment through FY24)($M)1						263	259	183	211	251	179	244
Display operating income (legacy)($M)						62	68	14	5	16	5	25

Total net revenue guidance — midpoint($M)4	10,250	8,950	7,650	6,850	6,700	7,200	7,100	7,150	6,930	6,650	6,500	6,470
Total net revenue guidance — tolerance range (+/-)($M)	500	500	500	500	500	500	400	400	400	400	400	400
Semiconductor Systems revenue guidance($M)	7,900	6,900	5,800	5,025			5,300	5,300	5,100	4,800	4,800	4,700
Applied Global Services (AGS) revenue guidance($M)	1,840	1,750	1,600	1,520			1,550	1,650	1,610	1,570	1,500	1,460
Other / Display revenue guidance($M)	510	300	250	305			250	175	200	245	150	235
Non-GAAP gross margin guidance(%)	50.4%	50.1%	49.3%	48.4%	48.1%	48.3%	48.4%	48.4%	47.4%	47.0%	47.3%	47.0%
Non-GAAP operating expenses guidance($M)	1,580	1,485	1,415	1,330			1,300	1,330	1,275	1,260	1,235	1,230
Non-GAAP effective income tax rate guidance(%)	11.0%	11.0%	11.0%	13.0%			13.0%	14.0%	12.5%	12.3%	12.5%	13.0%
Non-GAAP diluted EPS guidance — midpoint($)3	4.02	3.36	2.64	2.18	2.11	2.35	2.30	2.29	2.18	2.01	1.97	1.90
Non-GAAP diluted EPS guidance — tolerance range (+/-)($)	0.20	0.20	0.20	0.20	0.20	0.20	0.18	0.18	0.18	0.18	0.18	0.18
Non-GAAP diluted EPS guidance — range low (legacy pre-FY25 format)($)									2	1.83	1.79	1.72
Non-GAAP diluted EPS guidance — range high (legacy pre-FY25 format)($)									2.36	2.19	2.15	2.08

Contract liabilities (deferred revenue & customer deposits)($M)4		3,271	2,570	2,472	2,566	2,470	2,491	2,452	2,849	2,742	2,611	3,147
Contract liabilities — current($M)		3,271	2,570	2,472	2,566	2,470	2,491	2,452	2,849	2,742	2,611	3,147
Contract assets (unbilled receivables), net($M)		227	221	214	281	306	371	287	269	324	334	340
Revenue recognized from beginning-of-period contract liabilities($M)		300	500	1,000	200	300	600	1,300	200	300	600	1,600
Remaining performance obligations (RPO — unsatisfied contract obligations)($M)1		1,000	1,200	1,400	1,700	2,000	2,500	3,000	3,700	4,200	4,300	5,100
RPO expected to be recognized within 12 months(%)		73.0%	77.0%	66.0%	53.0%	50.0%	52.0%	60.0%	62.0%	63.0%	62.0%	63.0%

Total inventories, net($M)4		6,564	6,343	5,997	5,915	5,807	5,656	5,501	5,421	5,568	5,691	5,646
Customer service spares($M)		1,866	1,831	1,794	1,786	1,761	1,752	1,772	1,742	1,727	1,654	1,567
Raw materials($M)		2,323	2,126	2,025	2,007	2,002	1,865	1,750	1,680	1,688	1,722	1,644
Work-in-process (WIP)($M)		1,191	1,109	951	914	925	909	935	879	945	901	931
Finished goods — total($M)3		1,184	1,277	1,227	1,208	1,119	1,130	1,044	1,120	1,208	1,414	1,504
Evaluation inventory (systems installed at customer fab locations)($M)		452	450	461	474	520	485	443	459	487	462	462
Manufactured on-hand finished goods inventory($M)		436	539	488	505	402	361	294	444	454	639	633
Deferred cost of sales (shipped systems awaiting acceptance)($M)		296	288	278	229	197	284	307	217	267	313	409
Product warranty reserve balance (ending)($M)5		348	326	329	346	363	370	362	364	347	346	344
Provision for warranties issued during period (rollforward table through Q3 FY24)($M)										62	60	59
Warranty settlements (payments) during period (rollforward table through Q3 FY24)($M)										53	50	49
Change in reserves related to pre-existing warranties (rollforward table through Q3 FY24)($M)										-8	-8	2
Maximum exposure under standby letters of credit & bank guarantees($M)		282	327	341	350	376	345	307	284	308	387	349
Parent guarantees provided to banks for subsidiary credit facilities($M)		293	297	291	293	294	296	292	292	292	292	294
Accounts receivable factored (sold without recourse)($M)1					177	215	75	34	49	131	95	169
Customer letters of credit discounted($M)					0	0	0	0	0	0	0	0

Semiconductor & hyperscale customer capital expenditures6
Micron Technology (MU) capital expenditures($M)	11,110	7,826	6,387	5,389	5,658	2,938	4,055	3,206	3,120	2,086	1,384	1,796
Intel Corporation (INTC) capital expenditures($M)		2,556	3,636	3,488	2,425	3,550	5,183	5,834	6,458	5,682	5,970	6,696
Microsoft Corporation (MSFT) capital expenditures($M)		35,802	30,876	29,876	19,394	17,079	16,745	15,804	14,923	13,873	10,952	9,735
Alphabet Inc. (GOOGL) capital expenditures($M)		44,924	35,674	27,851	23,953	22,446	17,197	14,276	13,061	13,186	12,012	11,019
Amazon.com, Inc. (AMZN) capital expenditures($M)		54,208	44,203	39,522	35,095	32,183	25,019	27,834	22,620	17,620	14,925	14,588
Meta Platforms, Inc. (META) capital expenditures($M)	33,942	30,116	18,997	21,383	18,829	16,538	12,941	14,425	8,258	8,173	6,400	7,592

Gross property, plant and equipment($M)7		9,791	9,345	8,953	8,511	8,111	7,726	7,410	7,109	6,957	6,735	6,536
Land and improvements($M)		573	559	558	558	537	513	493	492	436	435	393
Buildings and improvements($M)		3,182	3,137	2,993	2,930	2,662	2,628	2,406	2,359	2,314	2,255	2,211
Demonstration and manufacturing equipment($M)		3,040	2,858	2,813	2,708	2,766	2,667	2,632	2,578	2,573	2,479	2,393
Furniture, fixtures and other equipment($M)		960	931	885	855	830	802	796	782	806	786	765
Construction in progress (incl. EPIC Center & Singapore expansion)($M)		2,036	1,860	1,704	1,460	1,316	1,116	1,083	898	828	780	774
Less: accumulated depreciation($M)		4,185	4,090	4,004	3,901	3,987	3,894	3,847	3,770	3,857	3,777	3,710
Property, plant and equipment, net($M)		5,606	5,255	4,949	4,610	4,124	3,832	3,563	3,339	3,100	2,958	2,826
Cumulative government assistance & CHIPS Act Investment Tax Credits (ITC) recorded($M)3		1,200	1,100	975
Government assistance recorded in current assets($M)		41	63	302
Government assistance recorded in non-current assets($M)		1,200	1,000	673
Government assistance reduction of PP&E carrying value($M)		200	200	1,400	293	225	116	566	200
Operating lease right-of-use (ROU) assets($M)7		815	820	649	509	519	434	359	375	355	379	356
Operating lease liabilities — current($M)		120	114	101	91	88	81	81	87	86	87	84
Operating lease liabilities — non-current($M)		682	699	536	404	412	328	247	259	239	260	240
Operating lease liabilities — total (lease footnote through Q3 FY24)($M)										325	347	324
Operating lease cost (lease footnote through Q3 FY24)($M)										27	27	27
Operating cash outflows from operating leases (lease footnote through Q3 FY24)($M)										27	27	26
ROU assets obtained in exchange for new operating lease liabilities (through Q3 FY24)($M)										15	48	10
Weighted-average operating lease discount rate (through Q3 FY24)(%)										3.2%	3.2%	3.1%

Common shares repurchased (open-market)(M)3		1	1	1	5	6	11	8	7.60	4	4	5
Average price paid per repurchased share($)		455	353	259	172	164	149	176	191	223	200	153
Aggregate share repurchase value($M)		400	400	337	856	1,038	1,685	1,318	1,453	868	827	700
Remaining share repurchase authorization($M)		12,800	13,200	13,600	14,000	14,800	15,900	7,600	8,900	10,300	11,200	12,000
Weighted-average diluted shares outstanding(M)		800	799	799	798	802	812	819	828	833	836	837

Regular full-time employees (quarterly 8-K)(M)		38.9	36.4	35.5	36.5	36.1	36	36	35.7	35.2	34.8	34.5
Total share-based compensation expense($M)5		169	169	207	148	158	159	195	141	132	134	170
SBC in cost of products sold($M)		45	45	43	40	40	40	38	36	33	33	32
SBC in research, development and engineering($M)		70	70	73	63	65	64	67	56	53	54	56
SBC in selling and marketing($M)		21	20	21	22	21	22	20	19	17	18	18
SBC in general and administrative($M)		33	34	70	31	32	33	70	30	29	29	64
Unrecognized compensation cost on non-vested equity awards($M)		1,200	1,300	1,400	947	1,100	1,200	1,300	911	977	1,100	1,200

Consolidated net revenue by geographic region($M)7		9,115	7,910	7,012	6,800	7,302	7,100	7,166	7,045	6,778	6,646	6,707
China revenue($M)1		2,506	2,087	2,095	1,964	2,548	1,774	2,243	2,136	2,153	2,831	2,997
China share of total revenue(%)		28.0%	27.0%	30.0%	29.0%	35.0%	25.0%	31.0%	30.0%	32.0%	43.0%	45.0%
Taiwan revenue($M)1		2,025	2,155	1,722	1,834	1,843	1,997	1,183	1,284	1,148	1,019	559
Taiwan share of total revenue(%)		22.0%	27.0%	25.0%	27.0%	25.0%	28.0%	17.0%	18.0%	17.0%	15.0%	8.0%
Korea revenue($M)1		1,521	1,572	1,458	1,219	1,160	1,562	1,667	1,172	1,102	988	1,231
Korea share of total revenue(%)		17.0%	20.0%	21.0%	18.0%	16.0%	22.0%	23.0%	17.0%	16.0%	15.0%	18.0%
United States revenue($M)1		1,367	941	656	655	683	808	917	1,153	1,053	853	759
United States share of total revenue(%)		15.0%	12.0%	9.0%	10.0%	9.0%	11.0%	13.0%	16.0%	16.0%	13.0%	11.0%
Japan revenue($M)1		839	623	525	448	713	572	540	581	555	453	565
Japan share of total revenue(%)		9.0%	8.0%	7.0%	6.0%	10.0%	8.0%	8.0%	8.0%	8.0%	7.0%	9.0%
Europe revenue($M)1		483	347	221	220	160	252	330	405	339	289	410
Europe share of total revenue(%)		5.0%	4.0%	3.0%	3.0%	2.0%	4.0%	4.0%	6.0%	5.0%	4.0%	6.0%
Southeast Asia revenue($M)1		374	185	335	460	195	135	286	314	428	213	186
Southeast Asia share of total revenue(%)		4.0%	2.0%	5.0%	7.0%	3.0%	2.0%	4.0%	5.0%	6.0%	3.0%	3.0%
Consolidated GAAP gross profit($M)4		4,586	3,947	3,435	3,265	3,562	3,485	3,496	3,335	3,205	3,153	3,204
Consolidated GAAP gross margin(%)		50.3%	49.9%	49.0%	48.0%	48.8%	49.1%	48.8%	47.3%	47.3%	47.4%	47.8%
Consolidated Non-GAAP gross profit($M)		4,597	3,953	3,442	3,272	3,569	3,491	3,503	3,344	3,211	3,160	3,211
Consolidated Non-GAAP gross margin(%)		50.4%	50.0%	49.1%	48.1%	48.9%	49.2%	48.9%	47.5%	47.4%	47.5%	47.9%
Acquisition-related intangible amortization in cost of sales($M)		11	6	7	7	7	6	7	6	6	7	7
Consolidated GAAP operating income($M)4		3,075	2,523	1,831	1,712	2,233	2,169	2,175	2,046	1,942	1,912	1,967
Consolidated GAAP operating margin(%)		33.7%	31.9%	26.1%	25.2%	30.6%	30.5%	30.4%	29.0%	28.7%	28.8%	29.3%
Consolidated Non-GAAP operating income($M)		3,096	2,536	2,107	1,947	2,245	2,180	2,190	2,063	1,953	1,927	1,981
Consolidated Non-GAAP operating margin(%)		34.0%	32.1%	30.0%	28.6%	30.7%	30.7%	30.6%	29.3%	28.8%	29.0%	29.5%
Acquisition-related charges in operating income($M)		16	10	11	11	11	11	12	11	10	10	11
Consolidated GAAP income before income taxes($M)6		2,907	3,225	2,328	2,267	2,563	2,322	2,119	1,895	1,960	1,994	2,303
Consolidated Non-GAAP income before income taxes($M)		3,141	2,568	2,134	1,980	2,277	2,214	2,231	2,155	2,012	1,986	2,036
GAAP provision for income taxes($M)		369	419	302	370	784	185	934	164	255	272	284
Non-GAAP provision for income taxes($M)		346	282	235	248	288	274	285	238	245	242	254
GAAP effective income tax rate(%)		12.7%	13.0%	13.0%	16.3%	30.6%	8.0%	44.1%	8.7%	13.0%	13.6%	12.3%
Non-GAAP effective income tax rate(%)		11.0%	11.0%	11.0%	12.5%	12.6%	12.4%	12.8%	11.0%	12.2%	12.2%	12.5%
Cash income taxes paid($M)		169	538	112	235	436	763	70	138	213	467	139
Consolidated GAAP net income($M)3		2,538	2,806	2,026	1,897	1,779	2,137	1,185	1,731	1,705	1,722	2,019
Consolidated Non-GAAP net income($M)		2,795	2,286	1,899	1,732	1,989	1,940	1,946	1,917	1,767	1,744	1,782
Consolidated GAAP diluted EPS($)		3.17	3.51	2.54	2.38	2.22	2.63	1.45	2.09	2.05	2.06	2.41
Consolidated Non-GAAP diluted EPS($)		3.50	2.86	2.38	2.17	2.48	2.39	2.38	2.32	2.12	2.09	2.13
Cash provided by operating activities (operating cash flow)($M)3		3,037	845	1,686	2,828	2,634	1,571	925	2,575	2,385	1,392	2,325
Capital expenditures($M)		707	635	646	785	584	510	381	407	297	257	229
Non-GAAP free cash flow (operating cash flow less CapEx)($M)		2,330	210	1,040	2,043	2,050	1,061	544	2,168	2,088	1,135	2,096
Consolidated depreciation and amortization($M)		151	135	127	114	113	103	105	110	95	96	91

4 metrics have no data in the last 12 quarters — .

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics

Fiscal calendar: Applied Materials' fiscal year ends on the last Sunday of October (Q1 = Nov–Jan, Q2 = Feb–Apr, Q3 = May–Jul, Q4 = Aug–Oct). Latest completed quarter: Q3 '26 (ended July 26, 2026; Form 10-Q and Form 8-K filed August 2026); latest completed fiscal year: FY2025 (ended October 26, 2025; Form 10-K filed December 12, 2025).
Forward Q4 '26 (`FY2026Q4`) & Aug–Sep 2026 columns: display Applied Materials' Q4 '26 guidance issued on August 13, 2026 (Total Revenue $10,250M +/- $500M, Semiconductor Systems $7,900M, AGS $1,840M, Other/Display $510M, Non-GAAP Gross Margin 50.4%, Non-GAAP OpEx $1,580M, Non-GAAP Tax Rate 11.0%, Non-GAAP Diluted EPS $4.02 +/- $0.20), plus already-published Q4 '26 CapEx of Micron ($11,110M) and Meta ($33,942M) and Aug–Sep 2026 Taiwan MOPS monthly revenue of TSMC, UMC, Nanya, Winbond, Macronix, ASE, PTI, Foxsemicon (FITI) and Marketech (MIC).
Q1 FY2026 segment realignment: effective in Q1 FY2026, management moved the 200mm equipment business from Applied Global Services (AGS) to Semiconductor Systems, began fully allocating corporate support costs to the operating segments, and folded Display into Corporate and Other / Other. Prior-year FY2025 quarters were recast in the FY2026 Form 10-Q and Form 8-K filings.
Every narrative and table figure extracted via `parse_sec.py` is paired with an exact verbatim quote verified by `lib/quotes.py` (`number_in(quote, val, allow_bound=False)`). Bound figures ('more than 23,500 active patents', 'over 55,000 installed base tools', 'nearly 200,000 chambers', 'renewal rate over 90%', 'more than $700 million HBM packaging revenue', '>1 thousand customer support engineers added') are excluded from numeric cells and documented in row notes and `Plan.md`.
Under U.S. GAAP, Applied Materials omits standalone parent-only Schedule I financial statements in Form 10-K, so no consolidated − parent subtraction is performed. Only the 2 permitted period-split derivations (`Q4 = full year (10-K) − nine months (10-Q)` and `quarter = year-to-date − previous year-to-date (cash flow statement)`) are displayed in italic with the formula.

Data updated 2026-10-25.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

Semiconductor Systems — Technology Mix & Segment Operations (Core)

Semiconductor Systems revenue ($M)45 periods

Applied Materials Inc (AMAT) operating KPIs

KPIs

Every KPI on its own page

Semiconductor Systems — Technology Mix & Segment Operations (Core)

Applied Global Services (AGS) & Display / Other Operations (Core)

Forward Business Outlook — Next-Quarter Guidance Through Q4 '26 (Core)

Order Backlog, Customer Contract Balances & Purchase Commitments (Core)

Manufacturing Inventory Pipeline, Evaluation Systems, Warranty & Trade Finance (Core)

Customer CapEx & Taiwan Supply Chain Monthly Revenue (Reported Ahead of AMAT)

Manufacturing Footprint, PP&E by Asset Category, Leases & Government Grants (CHIPS / ITC)

Monthly & Quarterly Share Repurchases, Dividends & Share Count

Workforce, Supply-Chain Responsible Minerals (Form SD) & Executive Pay-for-Performance

Geographic Revenue, Customer Concentration & Consolidated GAAP / Non-GAAP Context