Applied Materials, Inc. (AMAT) Financial Statements
Applied Materials financial statements at a glance
Applied Materials reported revenue of $28.37 billion for fiscal year 2025 (ended October 26, 2025), up 4.4% from fiscal year 2024. Net income was $7.00 billion, a net margin of 24.7%.
At the end of fiscal year 2025 it had total assets of $36.30 billion, total liabilities of $15.88 billion and shareholders' equity of $20.42 billion, with total debt of $6.56 billion.
Its operations brought in $7.96 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended October 26, 2025.
Applied Materials, Inc.
Income Statement
Annual • USD
Applied Materials key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $28.4B | $27.2B | $26.5B | $25.8B | $23.1B |
| Gross profit | $13.8B | $12.9B | $12.4B | $12.0B | $10.9B |
| Operating income | $8.3B | $7.9B | $7.7B | $7.8B | $7.2B |
| Net income | $7.0B | $7.2B | $6.9B | $6.5B | $5.9B |
| Diluted EPS | – | $8.61 | $8.11 | $7.44 | $6.40 |
| Total assets | $36.3B | $34.4B | $30.7B | $26.7B | $25.8B |
| Total liabilities | $15.9B | $15.4B | $14.4B | $14.5B | $13.6B |
| Shareholders' equity | $20.4B | $19.0B | $16.3B | $12.2B | $12.2B |
| Cash | – | $8.0B | $6.1B | $2.0B | $5.0B |
| Total debt | $6.6B | $6.6B | $6.0B | $5.8B | $5.8B |
| Operating cash flow | $8.0B | $8.7B | $8.7B | $5.4B | $5.4B |
| Capital spending | – | $1.2B | $1.1B | $787.0M | $668.0M |
| Free cash flow | – | $7.5B | $7.6B | $4.6B | $4.8B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2021.
Questions and answers
What was Applied Materials's revenue in fiscal year 2025?
$28.37 billion, up 4.4% from $27.18 billion in fiscal year 2024.
How much profit does Applied Materials make?
Applied Materials reported net income of $7.00 billion for fiscal year 2025 (24.7% of revenue); operating income was $8.29 billion.
How much cash and debt does Applied Materials have?
At the end of fiscal year 2025: total debt of $6.56 billion.
