APPLIED MATERIALS INC /DE

10-K & 10-Q Filings

Applied Materials, Inc. is a Delaware corporation incorporated in 1967. The company is a global technology leader in materials engineering solutions for various industries, including semiconductors, displays, and related markets. Applied Materials provides manufacturing equipment, services, and software to help its customers improve device performance, power, yield, and cost. The company operates in three reportable segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a wide range of manufacturing equipment used to fabricate semiconductor chips. The segment includes systems for epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing (RTP), physical vapor deposition (PVD), chemical vapor deposition (CVD), chemical mechanical planarization (CMP), etch, selective processing, and metrology and inspection. Applied Global Services (AGS) provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. AGS operates in more than 195 locations worldwide and offers technology-enabled services, fab consulting, supply chain assurance programs, subfab equipment, and automation software. The Display and Adjacent Markets segment focuses on products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), and other display technologies for various consumer devices and solar energy cells. The segment offers array test, defect review, chemical vapor deposition (CVD), physical vapor deposition (PVD), and backlog management services. Applied Materials' website is located at https://www.appliedmaterials.com, and its common stock is traded on the NASDAQ Global Select Market under the ticker symbol AMAT.

12 mos ending Oct 28, 201212 mos ending Oct 27, 201312 mos ending Oct 26, 201412 mos ending Oct 25, 201512 mos ending Oct 30, 201612 mos ending Oct 29, 201712 mos ending Oct 28, 201812 mos ending Oct 27, 201912 mos ending Oct 25, 202012 mos ending Oct 31, 202112 mos ending Oct 30, 202212 mos ending Oct 29, 20233 mos ending Jan 29, 20233 mos ending Jan 28, 2024CAGR %YoY %Revenue (+)
$8719.00
7509.00
9072.00
9659.00
10825.00
14537.00
17253.00
14608.00
17202.00
23063.00
25785.00
26517.00
6739.00
6707.00
10.64%-0.47%Cost of Revenue (-)
$5406.00
4518.00
5229.00
5707.00
6314.00
8005.00
9436.00
8222.00
9510.00
12149.00
13792.00
14133.00
3594.00
3503.00
9.13%-2.53%Gross Profit (+)
$3313.00
2991.00
3843.00
3952.00
4511.00
6532.00
7817.00
6386.00
7692.00
10914.00
11993.00
12384.00
3145.00
3204.00
12.73%1.88%Selling, General & Administrative (-)
$1076.00
902.00
890.00
883.00
819.00
890.00
1002.00
982.00
1093.00
1229.00
1438.00
1628.00
404.00
483.00
3.84%19.55%Research & Development (-)
$1237.00
1320.00
1428.00
1451.00
1540.00
1774.00
2019.00
2054.00
2234.00
2485.00
2771.00
3102.00
771.00
754.00
8.72%-2.20%Non-recurring Operating Expenses (-)
$589.00
157.00
-4.00
Operating Expenses (-)
$2902.00
2559.00
2323.00
2259.00
2359.00
2664.00
3021.00
3036.00
3327.00
4025.00
4205.00
4730.00
1175.00
1237.00
4.54%5.28%Costs & Expenses (Total) (-)
$8308.00
7077.00
7552.00
7966.00
8673.00
10669.00
12457.00
11258.00
12837.00
16020.00
17997.00
18863.00
4769.00
4740.00
7.74%-0.61%Operating Income/Loss (+)
$411.00
432.00
1520.00
1693.00
2152.00
3868.00
4796.00
3350.00
4365.00
6889.00
7788.00
7654.00
1970.00
1967.00
30.45%-0.15%Non-operating Income/Expense (+)
$17.00
-6.00
23.00
8.00
16.00
61.00
132.00
156.00
41.00
-36.00
39.00
300.00
50.00
395.00
29.82%690.00%Interest Expense (-)
$95.00
95.00
95.00
103.00
155.00
198.00
234.00
237.00
240.00
236.00
228.00
238.00
59.00
59.00
8.71%0.00%Earnings before Tax (+)
$316.00
350.00
1448.00
1598.00
2013.00
3731.00
4694.00
3269.00
4166.00
6771.00
7599.00
7716.00
1961.00
2303.00
33.71%17.44%Tax Expense (-)
$207.00
94.00
376.00
221.00
292.00
297.00
1381.00
563.00
547.00
883.00
1074.00
860.00
244.00
284.00
13.82%16.39%Income/Loss (Continuing Operations) (+)
$109.00
256.00
1072.00
1377.00
1721.00
3434.00
3313.00
2706.00
3619.00
5888.00
6525.00
6856.00
1717.00
2019.00
45.72%17.59%Net Income/Loss (+)
$109.00
256.00
1072.00
1377.00
1721.00
3434.00
3313.00
2706.00
3619.00
5888.00
6525.00
6856.00
1717.00
2019.00
45.72%17.59%Net Income/Loss (Common) (+)
$109.00
256.00
1072.00
1377.00
1721.00
3434.00
3313.00
2706.00
3619.00
5888.00
6525.00
6856.00
1717.00
2019.00
45.72%17.59%EPS (Basic)
$0.09
0.21
0.88
1.13
1.56
3.20
3.27
2.89
3.95
6.47
7.49
8.16
2.03
2.43
50.64%19.70%EPS (Diluted)
$0.09
0.21
0.87
1.12
1.54
3.17
3.23
2.86
3.92
6.40
7.44
8.11
2.02
2.41
50.56%19.31%Weighted Avg Shares (Basic)
1266.00
1202.00
1215.00
1214.00
1107.00
1073.00
1013.00
937.00
916.00
910.00
871.00
840.00
845.00
831.00
-3.66%-1.66%Weighted Avg Shares (Diluted)
1277.00
1219.00
1231.00
1226.00
1116.00
1084.00
1026.00
945.00
923.00
919.00
877.00
845.00
849.00
837.00
-3.68%-1.41%Cash
$1392.00
1711.00
3002.00
4797.00
3406.00
5010.00
3440.00
3129.00
5351.00
4995.00
1995.00
6132.00
3547.00
6854.00
14.43%93.23%Short-term Investments
$545.00
180.00
160.00
168.00
343.00
2266.00
590.00
489.00
387.00
464.00
586.00
737.00
500.00
638.00
2.78%27.60%Receivables
$1220.00
1633.00
1670.00
1739.00
2279.00
2338.00
2565.00
2533.00
2963.00
4953.00
6068.00
5165.00
5385.00
4700.00
14.02%-12.72%Inventory
$1272.00
1413.00
1567.00
1833.00
2050.00
2930.00
3722.00
3474.00
3904.00
4309.00
5932.00
5725.00
6054.00
5646.00
14.65%-6.74%Other Assets (Current)
$673.00
705.00
568.00
724.00
275.00
374.00
430.00
581.00
764.00
1386.00
1344.00
1388.00
1229.00
1344.00
6.80%9.36%Assets (Current)
$5102.00
5642.00
6967.00
9261.00
8353.00
12918.00
10747.00
10206.00
13369.00
16107.00
15925.00
19147.00
16715.00
19182.00
12.78%14.76%Securities & Long-term Investments
$1055.00
1005.00
935.00
946.00
929.00
1143.00
1568.00
1703.00
1538.00
2055.00
1980.00
2281.00
2088.00
2910.00
7.26%39.37%Property, Plant & Equipment (Net)
$910.00
850.00
861.00
892.00
937.00
1066.00
1407.00
1529.00
1604.00
1934.00
2307.00
2723.00
2494.00
2826.00
10.48%13.31%Goodwill & Intangibles
$4873.00
4397.00
4255.00
4064.00
3891.00
3780.00
3581.00
3555.00
3619.00
3583.00
4039.00
4026.00
4050.00
4015.00
-1.72%-0.86%Other Assets
$162.00
149.00
156.00
145.00
478.00
512.00
470.00
2031.00
2223.00
2146.00
2475.00
2552.00
2612.00
2607.00
28.48%-0.19%Assets (Non-current)
$7000.00
6401.00
6207.00
6047.00
6235.00
6501.00
7026.00
8818.00
8984.00
9718.00
10801.00
11582.00
11244.00
12358.00
4.68%9.91%Assets (Total)
$12102.00
12043.00
13174.00
15308.00
14588.00
19419.00
17773.00
19024.00
22353.00
25825.00
26726.00
30729.00
27959.00
31540.00
8.84%12.81%Accounts Payable
$1510.00
2056.00
2450.00
2721.00
2511.00
3138.00
4268.00
4237.00
4297.00
3969.00
3829.00
9.97%-3.53%Debt (Current)
$
1200.00
200.00
600.00
100.00
199.00
100.00
-49.75%Other Liabilities (Current)
$755.00
2443.00
2823.00
2598.00
1376.00
1665.00
1347.00
1336.00
1321.00
2076.00
3142.00
2975.00
3082.00
3147.00
13.28%2.11%Liabilities (Current)
$2265.00
2443.00
2823.00
3798.00
3632.00
4115.00
4068.00
4447.00
4459.00
6344.00
7379.00
7372.00
7250.00
7076.00
11.32%-2.40%Debt (Non-current)
$1946.00
1946.00
1947.00
3342.00
3143.00
5304.00
5309.00
4713.00
5448.00
5452.00
5457.00
5461.00
5458.00
5462.00
9.83%0.07%Other Liabilities
$656.00
566.00
536.00
555.00
596.00
651.00
1557.00
1650.00
1868.00
1782.00
1696.00
1547.00
1831.00
1573.00
8.11%-14.09%Liabilities (Non-current)
$2602.00
2512.00
2483.00
3897.00
3739.00
5955.00
6866.00
6363.00
7316.00
7234.00
7153.00
7008.00
7289.00
7035.00
9.43%-3.48%Liabilities (Total)
$4867.00
4955.00
5306.00
7695.00
7371.00
10070.00
10934.00
10810.00
11775.00
13578.00
14532.00
14380.00
14539.00
14111.00
10.35%-2.94%Treasury Stock
$11279.00
11524.00
11524.00
12848.00
14740.00
15912.00
21194.00
23596.00
24245.00
27995.00
34097.00
36299.00
34347.00
37002.00
11.21%7.73%Retained Earnings
$12700.00
12487.00
13072.00
13967.00
15252.00
18258.00
20874.00
24386.00
27209.00
32246.00
37892.00
43726.00
39389.00
45480.00
11.90%15.46%AOCI
$-61.00
-38.00
-76.00
-92.00
-115.00
-64.00
-125.00
-180.00
-299.00
-260.00
-202.00
-217.00
-235.00
-166.00
29.36%Shareholder's Equity
$7235.00
7088.00
7868.00
7613.00
7217.00
9349.00
6839.00
8214.00
10578.00
12247.00
12194.00
16349.00
13420.00
17429.00
7.69%29.87%Liabilities & Equity
$12102.00
12043.00
13174.00
15308.00
14588.00
19419.00
17773.00
19024.00
22353.00
25825.00
26726.00
30729.00
27959.00
31540.00
8.84%12.81%Net Income/Loss
$109.00
256.00
1072.00
1377.00
1721.00
3434.00
3313.00
2706.00
3619.00
5888.00
6525.00
6856.00
1717.00
2019.00
45.72%17.59%Depreciation & Amortization
$422.00
410.00
375.00
371.00
389.00
407.00
457.00
363.00
376.00
394.00
444.00
515.00
120.00
91.00
1.83%-24.17%Increase/Decrease in Working Capital
$-327.00
455.00
-114.00
769.00
-140.00
388.00
245.00
66.00
558.00
1264.00
2015.00
-799.00
-278.00
-280.00
-0.72%Share-based Compensation
$182.00
162.00
177.00
187.00
201.00
220.00
258.00
263.00
307.00
346.00
413.00
490.00
148.00
170.00
9.42%14.86%Adjustments to Reconcile Net Income
$1742.00
367.00
728.00
-214.00
745.00
175.00
474.00
541.00
185.00
-446.00
-1126.00
1844.00
553.00
306.00
0.52%-44.67%Net Cash (Operating)
$1851.00
623.00
1800.00
1163.00
2466.00
3609.00
3787.00
3247.00
3804.00
5442.00
5399.00
8700.00
2270.00
2325.00
15.11%2.42%Capital Expenditure
$4352.00
191.00
228.00
219.00
269.00
413.00
628.00
469.00
529.00
680.00
1228.00
1131.00
307.00
229.00
-11.53%-25.41%Net Cash (Investing)
$-4660.00
215.00
-161.00
-281.00
-425.00
-2526.00
571.00
-443.00
-130.00
-1216.00
-1357.00
-1535.00
-299.00
-447.00
-49.50%Increase/Decrease in Debt
$-1.00
2581.00
-1207.00
1971.00
97.00
84.00
188.00
Increase/Decrease in Equity
$-1319.00
-245.00
-1325.00
-1804.00
-1075.00
-5159.00
-2258.00
-475.00
-3575.00
-5904.00
-1962.00
-250.00
-700.00
-180.00%Interest Expenses
$94.00
92.00
92.00
92.00
151.00
186.00
219.00
219.00
219.00
205.00
205.00
205.00
34.00
34.00
7.35%0.00%Dividends Paid
$434.00
456.00
485.00
487.00
444.00
430.00
605.00
771.00
787.00
838.00
873.00
975.00
220.00
266.00
7.64%20.91%Net Cash (Financing)
$-1754.00
-519.00
-348.00
913.00
-3432.00
521.00
-5928.00
-3115.00
-1337.00
-4591.00
-7043.00
-3032.00
-418.00
-1157.00
-176.79%Cash Taxes Paid
$164.00
94.00
84.00
395.00
44.00
133.00
237.00
500.00
474.00
824.00
1713.00
953.00
65.00
137.00
17.35%110.77%Effect of Exchange Rate
$-5.00
Increase/Decrease in Cash
$-4568.00
319.00
1291.00
1795.00
-1391.00
1604.00
-1570.00
-311.00
2337.00
-365.00
-3001.00
4133.00
1553.00
721.00
-53.57%Cash (Beginning)
$5960.00
1392.00
1711.00
3002.00
4797.00
3406.00
5010.00
3440.00
3129.00
5466.00
5101.00
2100.00
2100.00
6233.00
-9.05%196.81%Cash (Ending)
$1392.00
1711.00
3002.00
4797.00
3406.00
5010.00
3440.00
3129.00
5466.00
5101.00
2100.00
6233.00
3653.00
6954.00
14.60%90.36%NOPAT
$197.70
315.98
1431.82
1274.52
2104.96
3730.12
4553.85
2837.61
3868.36
6050.64
6032.39
6708.66
1904.70
1849.99
37.77%-2.87%Gross Margin %
38.00%
39.83%
42.36%
40.92%
41.67%
44.93%
45.31%
43.72%
44.72%
47.32%
46.51%
46.70%
46.67%
47.77%
Operating Margin %
4.71%
5.75%
16.75%
17.53%
19.88%
26.61%
27.80%
22.93%
25.37%
29.87%
30.20%
28.86%
29.23%
29.33%
NOPAT Margin %
2.27%
4.21%
15.78%
13.20%
19.45%
25.66%
26.39%
19.43%
22.49%
26.24%
23.39%
25.30%
28.26%
27.58%
Net Margin %
1.25%
3.41%
11.82%
14.26%
15.90%
23.62%
19.20%
18.52%
21.04%
25.53%
25.31%
25.86%
25.48%
30.10%
Tax Rate %
51.90%
26.86%
5.80%
24.72%
2.19%
3.56%
5.05%
15.30%
11.38%
12.17%
22.54%
12.35%
3.31%
5.95%
ROA
1.63%
2.62%
10.87%
8.33%
14.43%
19.21%
25.62%
14.92%
17.31%
23.43%
22.57%
21.83%
6.81%
5.87%
ROE
2.73%
4.46%
18.20%
16.74%
29.17%
39.90%
66.59%
34.55%
36.57%
49.41%
49.47%
41.03%
14.19%
10.61%
ROIC
2.72%
6.02%
27.99%
25.72%
28.08%
45.02%
47.41%
30.27%
38.64%
51.37%
41.51%
46.25%
14.49%
14.85%
Asset Turnover
0.72
0.62
0.69
0.63
0.74
0.75
0.97
0.77
0.77
0.89
0.96
0.86
0.24
0.21
Inventory Turnover
4.25
3.20
3.34
3.11
3.08
2.73
2.54
2.37
2.44
2.82
2.33
2.47
0.59
0.62
Equity Multiplier
1.67
1.70
1.67
2.01
2.02
2.08
2.60
2.32
2.11
2.11
2.19
1.88
2.08
1.81
Current Ratio
2.25
2.31
2.47
2.44
2.30
3.14
2.64
2.30
3.00
2.54
2.16
2.60
2.31
2.71
Quick Ratio
1.39
1.44
1.71
1.77
1.66
2.34
1.62
1.38
1.95
1.64
1.17
1.63
1.30
1.72
Debt/Equity Ratio
0.27
0.27
0.25
0.60
0.46
0.57
0.78
0.65
0.52
0.45
0.45
0.34
0.42
0.32
Interest Coverage Ratio
4.37
4.70
16.52
18.40
14.25
20.80
21.90
15.30
19.93
33.60
37.99
37.34
57.94
57.85
Working Capital/Sales
0.17
0.25
0.24
0.27
0.29
0.28
0.27
0.32
0.29
0.98
0.84
R&D/Sales
0.14
0.18
0.16
0.15
0.14
0.12
0.12
0.14
0.13
0.11
0.11
0.12
0.11
0.11
Dividend Payout Ratio %
219.53%
144.31%
33.87%
38.21%
21.09%
11.53%
13.29%
27.17%
20.34%
13.85%
14.47%
14.53%
11.55%
14.38%
Total Payout
$1848.00
793.00
577.00
-677.00
3606.00
-280.00
5983.00
3248.00
1384.00
4618.00
6982.00
3058.00
316.00
1000.00
4.69%216.46%Payout Ratio %
934.77%
250.97%
40.30%
-53.12%
171.31%
-7.51%
131.38%
114.46%
35.78%
76.32%
115.74%
45.58%
16.59%
54.05%