Applied Materials, Inc. (AMAT) quarterly balance sheet — complete assets, liabilities & equity history
Applied Materials, Inc. (AMAT) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 25.09B | 22.57B | 21.05B | 20.88B | 19.72B | 19.71B | 20.69B | 21.22B | 20.67B | 19.27B | 19.18B | 19.15B | 18.88B | 17.77B | 16.71B | 15.93B | 15.43B | 15.24B | 15.71B | 16.11B |
| Cash & Short-Term Investments | 9.23B | 8.24B | 8.51B | 8.57B | 7.01B | 6.75B | 8.21B | 9.47B | 9.1B | 7.56B | 7.49B | 6.87B | 6.54B | 5.1B | 4.05B | 2.58B | 3.55B | 3.92B | 5.74B | 5.46B |
| Cash Only | 7.04B | 6.3B | 7.22B | 7.24B | 5.38B | 6.17B | 6.26B | 8.02B | 8.29B | 7.08B | 6.85B | 6.13B | 6.03B | 4.59B | 3.55B | 2B | 2.96B | 3.33B | 5.26B | 5B |
| Short-Term Investments | 2.2B | 1.94B | 1.29B | 1.33B | 1.63B | 578M | 1.95B | 1.45B | 815M | 472M | 638M | 737M | 510M | 510M | 500M | 586M | 592M | 591M | 473M | 464M |
| Accounts Receivable | 7.69B | 6.37B | 4.98B | 5.33B | 5.83B | 6.24B | 6.05B | 5.35B | 5.02B | 5B | 5.01B | 5.44B | 5.44B | 5.7B | 5.54B | 6.24B | 5.12B | 5.06B | 4.58B | 5.15B |
| Days Sales Outstanding | 70.2 | 65.28 | 66.9 | 74.68 | 75.21 | 78.79 | 72.42 | 67.01 | 67.28 | 68.54 | 70.89 | 73.65 | 78.92 | 77.14 | 79.54 | 76.57 | 70.99 | 70.2 | 70.62 | 67.96 |
| Inventory | 6.56B | 6.34B | 6B | 5.92B | 5.81B | 5.66B | 5.5B | 5.42B | 5.57B | 5.69B | 5.65B | 5.72B | 5.81B | 5.94B | 6.05B | 5.93B | 5.51B | 5.01B | 4.53B | 4.31B |
| Days Inventory Outstanding | 129.67 | 141.68 | 151.52 | 150.88 | 139.46 | 140.43 | 135.41 | 134.77 | 143.38 | 147.68 | 147.7 | 147.66 | 155 | 154.33 | 151.74 | 142.66 | 136.15 | 130.75 | 121.37 | 120.64 |
| Other Current Assets | 1.61B | 1.61B | 1.56B | 1.06B | 1.07B | 1.06B | 928M | 974M | 979M | 1.02B | 1.03B | 1.11B | 674M | 1.03B | 1.07B | 1.17B | 1.26B | 1.26B | 865M | 1.19B |
| Total Non-Current Assets | 18.43B | 17.71B | 16.59B | 15.42B | 14.49B | 13.92B | 12.64B | 13.19B | 12.98B | 12.68B | 12.36B | 11.58B | 11.53B | 11.32B | 11.24B | 10.8B | 10.73B | 10.21B | 9.72B | 9.72B |
| Property, Plant & Equipment | 6.42B | 6.08B | 4.95B | 5.12B | 4.64B | 4.27B | 3.92B | 3.71B | 3.55B | 3.43B | 3.29B | 3.2B | 3.08B | 3.06B | 2.98B | 2.7B | 2.6B | 2.46B | 2.27B | 2.23B |
| Fixed Asset Turnover | 1.46x | 1.44x | 1.39x | 1.39x | 1.64x | 1.73x | 1.88x | 1.94x | 1.94x | 1.98x | 2.07x | 2.14x | 2.09x | 2.20x | 2.38x | 2.55x | 2.58x | 2.64x | 2.79x | 2.85x |
| Goodwill | 3.87B | 3.82B | 3.71B | 3.71B | 3.75B | 3.75B | 3.77B | 3.73B | 3.73B | 3.73B | 3.73B | 3.73B | 3.73B | 3.71B | 3.72B | 3.7B | 3.71B | 3.48B | 3.48B | 3.48B |
| Intangible Assets | 315M | 330M | 215M | 226M | 238M | 249M | 237M | 249M | 262M | 273M | 283M | 294M | 305M | 328M | 332M | 339M | 337M | 85M | 94M | 104M |
| Long-Term Investments | 5.27B | 5.14B | 5.04B | 4.33B | 4.13B | 3.64B | 2.69B | 2.79B | 2.98B | 2.98B | 2.91B | 2.28B | 2.18B | 2.02B | 2.09B | 1.98B | 2.05B | 2.1B | 2.03B | 2.06B |
| Other Non-Current Assets | 1.45B | 1.3B | -69M | 806M | 443M | 300M | 312M | 314M | 348M | 340M | 351M | 345M | 421M | 521M | 606M | 691M | 561M | 588M | 262M | 229M |
| Total Assets | 43.52B | 40.29B | 37.64B | 36.3B | 34.21B | 33.63B | 33.34B | 34.41B | 33.65B | 31.95B | 31.54B | 30.73B | 30.41B | 29.09B | 27.96B | 26.73B | 26.16B | 25.46B | 25.43B | 25.82B |
| Asset Turnover | 0.22x | 0.20x | 0.19x | 0.19x | 0.22x | 0.21x | 0.21x | 0.21x | 0.21x | 0.21x | 0.22x | 0.22x | 0.22x | 0.23x | 0.25x | 0.26x | 0.25x | 0.25x | 0.24x | 0.24x |
| Asset Growth % | 27.22% | 19.78% | 12.92% | 5.49% | 1.68% | 5.27% | 5.7% | 11.98% | 10.64% | 9.82% | 12.81% | 14.98% | 16.24% | 14.27% | 9.95% | 3.49% | 6.87% | 5.7% | 9.11% | 15.53% |
| Total Current Liabilities | 10.36B | 9B | 7.75B | 8B | 7.88B | 8B | 7.74B | 8.47B | 7.23B | 6.88B | 7.08B | 7.37B | 8.22B | 7.87B | 7.25B | 7.38B | 6.83B | 6.65B | 6.26B | 6.34B |
| Accounts Payable | 2.39B | 2.2B | 1.92B | 1.98B | 1.77B | 1.8B | 1.74B | 1.57B | 1.47B | 1.46B | 1.42B | 1.48B | 1.43B | 1.47B | 1.61B | 1.75B | 1.69B | 1.56B | 1.5B | 1.47B |
| Days Payables Outstanding | 46.05 | 47.31 | 49.63 | 48.23 | 43.46 | 44.56 | 41 | 37.28 | 37.27 | 37.42 | 37.59 | 37.27 | 38.27 | 39.62 | 42.61 | 42.92 | 42 | 41.96 | 40.86 | 40.43 |
| Short-Term Debt | 1.3B | 1.2B | 100M | 100M | 800M | 799M | 799M | 800M | 99M | 99M | 100M | 286M | 199M | 304M | 288M | 85M | 98M | 82M | 76M | 73M |
| Deferred Revenue (Current) | 3.27B | 2.57B | 2.47B | 2.57B | 2.47B | 2.49B | 2.45B | 2.85B | 2.74B | 2.61B | 3.15B | 2.98B | 3.5B | 3.37B | 3.08B | 3.14B | 2.83B | 2.59B | 2.4B | 2.08B |
| Other Current Liabilities | 1.24B | 989M | 766M | 1.39B | 1.11B | 1.67B | 1.4B | 1.44B | 995M | 788M | 601M | 1.33B | 853M | 1.21B | 1.19B | 1.17B | 1.18B | 1.13B | 1.08B | 1.06B |
| Current Ratio | 2.42x | 2.51x | 2.71x | 2.61x | 2.50x | 2.46x | 2.68x | 2.51x | 2.86x | 2.80x | 2.71x | 2.60x | 2.30x | 2.26x | 2.31x | 2.16x | 2.26x | 2.29x | 2.51x | 2.54x |
| Quick Ratio | 1.79x | 1.80x | 1.94x | 1.87x | 1.76x | 1.76x | 1.96x | 1.87x | 2.09x | 1.97x | 1.91x | 1.82x | 1.59x | 1.50x | 1.47x | 1.35x | 1.45x | 1.54x | 1.78x | 1.86x |
| Cash Conversion Cycle | 153.82 | 159.65 | 168.79 | 177.33 | 171.21 | 174.66 | 166.83 | 164.49 | 173.38 | 178.8 | 181 | 184.04 | 195.64 | 191.86 | 188.67 | 176.32 | 165.14 | 158.99 | 151.14 | 148.17 |
| Total Non-Current Liabilities | 8.42B | 7.38B | 8.17B | 7.88B | 6.82B | 6.67B | 6.98B | 6.94B | 7.58B | 6.87B | 7.04B | 7.01B | 7.09B | 7.09B | 7.29B | 7.15B | 7.26B | 7.23B | 7.27B | 7.23B |
| Long-Term Debt | 5.25B | 5.26B | 6.45B | 6.46B | 5.46B | 5.46B | 5.46B | 5.46B | 6.16B | 5.46B | 5.46B | 5.46B | 5.46B | 5.46B | 5.46B | 5.46B | 5.46B | 5.46B | 5.45B | 5.45B |
| Capital Lease Obligations | 682M | 699M | 536M | 404M | 412M | 328M | 247M | 259M | 239M | 260M | 240M | 252M | 341M | 359M | 372M | 287M | 302M | 313M | 227M | 228M |
| Deferred Tax Liabilities | 880M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.61B | 1.42B | 1.19B | 1.03B | 949M | 885M | 1.27B | 1.22B | 1.18B | 1.14B | 1.33B | 1.29B | 1.29B | 1.27B | 1.46B | 1.41B | 1.5B | 1.46B | 1.59B | 1.55B |
| Total Liabilities | 17.9B | 16.38B | 15.93B | 15.88B | 14.71B | 14.67B | 14.71B | 15.41B | 14.81B | 13.75B | 14.11B | 14.38B | 15.32B | 14.96B | 14.54B | 14.53B | 14.09B | 13.88B | 13.54B | 13.58B |
| Total Debt | 7.35B | 7.27B | 7.19B | 7.05B | 6.76B | 6.67B | 6.59B | 6.61B | 6.67B | 6B | 5.99B | 6B | 6.1B | 6.12B | 6.12B | 5.83B | 5.86B | 5.85B | 5.76B | 5.75B |
| Net Debt | 309M | 967M | -28M | -191M | 1.38B | 501M | 324M | -1.42B | -1.62B | -1.09B | -865M | -133M | 74M | 1.53B | 2.57B | 3.83B | 2.9B | 2.52B | 493M | 758M |
| Debt / Equity | 0.29x | 0.30x | 0.33x | 0.35x | 0.35x | 0.35x | 0.35x | 0.35x | 0.35x | 0.33x | 0.34x | 0.37x | 0.40x | 0.43x | 0.46x | 0.48x | 0.49x | 0.51x | 0.48x | 0.47x |
| Debt / EBITDA | 2.47x | 2.73x | 3.23x | 3.87x | 2.88x | 2.94x | 2.89x | 3.06x | 3.27x | 2.99x | 2.91x | 2.86x | 3.15x | 3.00x | 2.93x | 2.75x | 2.88x | 2.92x | 2.77x | 2.71x |
| Net Debt / EBITDA | 0.10x | 0.36x | -0.01x | -0.10x | 0.59x | 0.22x | 0.14x | -0.66x | -0.79x | -0.54x | -0.42x | -0.06x | 0.04x | 0.75x | 1.23x | 1.81x | 1.43x | 1.26x | 0.24x | 0.36x |
| Interest Coverage | 43.75x | 47.74x | 34.74x | 32.93x | 39.83x | 35.15x | 34.11x | 29.71x | 32.11x | 34.80x | 40.03x | 38.45x | 31.10x | 31.33x | 34.24x | 34.98x | 30.54x | 33.14x | 34.77x | 36.19x |
| Total Equity | 25.63B | 23.91B | 21.72B | 20.41B | 19.5B | 18.96B | 18.63B | 19B | 18.84B | 18.2B | 17.43B | 16.35B | 15.09B | 14.13B | 13.42B | 12.19B | 12.07B | 11.58B | 11.89B | 12.25B |
| Equity Growth % | 31.39% | 26.1% | 16.6% | 7.44% | 3.52% | 4.19% | 6.86% | 16.22% | 24.83% | 28.81% | 29.87% | 34.07% | 25.05% | 22.02% | 12.87% | -0.43% | 0.08% | -3.45% | 3.63% | 15.78% |
| Book Value per Share | 32.03 | 29.92 | 27.18 | 25.58 | 24.05 | 23.27 | 22.74 | 22.95 | 22.62 | 21.77 | 20.82 | 19.42 | 17.93 | 16.68 | 15.81 | 14.20 | 13.89 | 13.11 | 13.26 | 13.50 |
| Total Shareholders' Equity | 25.63B | 23.91B | 21.72B | 20.41B | 19.5B | 18.96B | 18.63B | 19B | 18.84B | 18.2B | 17.43B | 16.35B | 15.09B | 14.13B | 13.42B | 12.19B | 12.07B | 11.58B | 11.89B | 12.25B |
| Common Stock | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 9M | 9M | 9M | 9M |
| Retained Earnings | 61.39B | 59.27B | 56.89B | 55.23B | 53.69B | 52.28B | 50.51B | 49.65B | 48.25B | 46.87B | 45.48B | 43.73B | 41.99B | 40.7B | 39.39B | 37.89B | 36.52B | 35.14B | 33.83B | 32.25B |
| Treasury Stock | -46.18B | -45.78B | -45.38B | -45.04B | -44.19B | -43.15B | -41.46B | -40.15B | -38.7B | -37.83B | -37B | -36.3B | -35.59B | -35.15B | -34.35B | -34.1B | -32.6B | -31.6B | -29.8B | -28B |
| Accumulated OCI | -165M | -124M | -110M | -110M | -102M | -144M | -143M | -168M | -146M | -172M | -166M | -217M | -223M | -235M | -235M | -202M | -259M | -275M | -278M | -260M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |