APPLIED MATERIALS INC /DEAMAT
APPLIED MATERIALS INC /DE Financial Overview 2021–2025
Updated Jul 10, 2026Despite facing an estimated $600 million revenue headwind from new U.S. export restrictions in FY2026, Applied Materials expanded its operating margin to 31.9% by the second quarter of the year. This resilience underscores a clear thesis: the company leverages its indispensable role in advanced logic and NAND manufacturing to generate the cash flow necessary to insulate its core operations from geopolitical friction.
The company's financial trajectory demonstrates steady top-line execution, with total revenue scaling from $23.06 billion in FY2021 to $28.4 billion in FY2025. Underneath this expansion, management has aggressively prioritized cost discipline and capital returns. During FY2025, the company initiated a 4% global workforce reduction to streamline operations, a move that helped lift annual gross margins to 48.7%. These structural efficiencies directly funded shareholder yield, allowing the company to deploy $4.9 billion toward stock repurchases over the fiscal year.
At the close of FY2025, the market validated this operational consistency, valuing the company at a $181.4 billion market cap with shares priced at $228.75 and trading at 26.4x earnings. After absorbing a $252.5 million settlement regarding past export compliance, the company quickly demonstrated its underlying pricing power, posting an 11% revenue jump to $7.91 billion in the second quarter of FY2026. By continuously shrinking its share base and increasing average selling prices, Applied Materials continues to navigate a constrained global trade environment without sacrificing profitability.
Recent Developments (Q1 and Q2 2026)
Applied Materials accelerated bottom-line growth through the first half of FY2026. First-quarter net income surged 71% year-over-year to $2.03 billion, followed by a 31% increase to $2.81 billion in the second quarter. The Applied Global Services segment provided top-line support early in the year, growing 15% in Q1 2026 to offset a 7.8% drop in Semiconductor Systems. In March, shareholders re-elected the ten-member board, maintaining leadership continuity under executives including Gary E. Dickerson.
Bulls will point to expanding profitability, with second-quarter gross margins reaching 49.9% alongside $13.2 billion remaining authorized for stock repurchases. Conversely, bears will highlight the elevated valuation, as shares traded at 49.3x earnings as of the May 21, 2026 reporting date, suggesting the $338.9 billion market capitalization leaves limited room for operational missteps.
What to watch: revenue recovery in the Semiconductor Systems segment; execution of the newly implemented export control internal audits.
Rev
$28.37B
FY2025
NI
$7.00B
FY2025
EPS
$8.71
FY2025
OCF
$7.96B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All AMAT Financial Metrics(65)
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Recent SEC Filings
APPLIED MATERIALS INC /DE 8-K Report, Financial Results (May 14, 2026)
Applied Materials, Inc. (AMAT) has filed a Form 8-K on May 14, 2026, to announce its financial results for the second quarter ended April 26, 2026. This filing primarily serves to provide investors with the company's latest performance metrics and financial condition. The press release detailing these results is attached as Exhibit 99.1 to the 8-K filing, and it is the primary source of information regarding the company's operational and financial outcomes for the reported period. Investors should refer to the attached press release for specific details on revenue, profitability, and any forward-looking statements or guidance. It's important to note that the information furnished in this 8-K, including the press release, is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, meaning it does not carry the same legal implications as a filed document for liability purposes. However, it remains a crucial update for understanding the company's current business trajectory and financial health.
APPLIED MATERIALS INC /DE 8-K Report, Shareholder Vote Results (Mar 13, 2026)
Applied Materials, Inc. (AMAT) filed an 8-K on March 13, 2026, reporting on the outcomes of its Annual Meeting of Shareholders held on March 12, 2026. The meeting primarily focused on voting on three key proposals: the election of directors, an advisory vote on executive compensation, and the ratification of the company's independent auditor. All ten director nominees were overwhelmingly elected for one-year terms, indicating strong shareholder confidence in the current board's leadership and strategy. Additionally, shareholders provided advisory approval for the compensation of the named executive officers for fiscal year 2025, with a majority voting in favor, suggesting general satisfaction with the company's executive pay structure relative to performance. The appointment of KPMG LLP as the independent registered public accounting firm for fiscal year 2026 was also ratified by a substantial margin, reinforcing the company's audit oversight and financial reporting integrity.
APPLIED MATERIALS INC /DE 8-K Report, Regulation FD Disclosure (Feb 12, 2026)
Applied Materials, Inc. (AMAT) has reached a significant resolution regarding ongoing investigations by U.S. government agencies. The company announced that the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have closed their respective inquiries without any enforcement actions. This news is a positive development, alleviating a key area of uncertainty for investors. Furthermore, Applied Materials has entered into a settlement agreement with the U.S. Commerce Department's Bureau of Industry and Security (BIS) concerning export controls compliance related to certain China customer shipments. As part of this settlement, the company will pay $252.5 million. While this represents a financial charge, the resolution provides clarity on a previously disclosed matter and allows the company to move forward with enhanced compliance measures. Investors can view this as a step towards de-risking the company's operations.
APPLIED MATERIALS INC /DE 8-K Report, Financial Results (Feb 12, 2026)
Applied Materials, Inc. (AMAT) has filed an 8-K report on February 12, 2026, to announce its financial results for the first quarter ended January 25, 2026. While the specific financial figures are detailed in the accompanying press release (Exhibit 99.1), the filing itself serves as notification of the results' public release. Investors should refer to the press release for comprehensive details on revenue, earnings, and any forward-looking guidance provided by the company. This report primarily informs the market that AMAT has disclosed its quarterly performance. The information furnished is intended for informational purposes and, as per standard SEC disclosure practices for earnings releases via 8-K, is not deemed 'filed' for liability purposes under Section 18 of the Exchange Act. Investors should carefully review the press release for management's commentary on performance drivers, market conditions, and strategic outlook, which are crucial for understanding the underlying business trends and future prospects.
APPLIED MATERIALS INC /DE 8-K Report, Financial Results (Nov 13, 2025)
Applied Materials, Inc. (AMAT) filed an 8-K on November 13, 2025, to announce its financial results for the fourth quarter and full fiscal year ended October 26, 2025. The report primarily serves as a disclosure of these results, with the detailed financial performance expected to be found in the attached press release (Exhibit 99.1). Investors should refer to the press release for specific figures regarding revenue, profitability, and any forward-looking guidance. The 8-K itself does not contain the numerical results but confirms their public dissemination. It's important to note that the information furnished in this 8-K, including the press release, is not deemed "filed" for regulatory purposes under Section 18 of the Exchange Act, nor is it automatically incorporated into future SEC filings unless explicitly referenced.
View all 8-K filings →