Applied Materials balance sheet

At the end of fiscal 2025, Applied Materials had total assets of $36.30bn, total liabilities of $15.88bn and shareholders' equity of $20.41bn. It held $7.24bn in cash against $6.55bn of debt: net cash of $686m.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Applied Materials: balance sheet, annual
Fiscal year	2009Oct 2009	2010Oct 2010	2011Oct 2011	2012Oct 2012	2013Oct 2013	2014Oct 2014	2015Oct 2015	2016Oct 2016	2017Oct 2017	2018Oct 2018	2019Oct 2019	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Oct 2025	LTMJul 2026
Cash and equivalents	1.6	1.9	6.0	1.4	1.7	3.0	4.8	3.4	5.0	3.4	3.1	5.4	5.0	2.0	6.1	8.0	7.2	7.0
Receivables	1.0	1.8	1.5	1.2	1.6	1.7	1.7	2.3	2.3	2.3	2.5	3.0	5.0	6.1	5.2	5.2	5.2	7.7
Inventory	1.6	1.5	1.7	1.3	1.4	1.6	1.8	2.1	2.7	3.7	3.5	3.9	4.3	5.9	5.7	5.4	5.9	6.6
Total current assets	5.7	6.8	10.4	5.1	5.6	7.0	9.3	8.4	12.9	10.6	10.2	13.4	16.1	15.9	19.1	21.2	20.9	25.1
Goodwill	1.2	1.3	1.3	3.5	3.3	3.3	3.3	3.3	3.4	3.4	3.4	3.5	3.5	3.7	3.7	3.7	3.7	3.9
Total assets	9.6	10.9	13.9	12.1	12.0	13.2	15.3	14.6	19.4	17.6	19.0	22.4	25.8	26.7	30.7	34.4	36.3	43.5
Accounts payable	0.5	0.7	0.5	0.4	0.6	0.6	0.7	0.8	0.9	1.0	1.0	1.1	1.5	1.8	1.5	1.6	2.0	2.4
Deferred revenue (current)	0.3	0.4	0.9	0.6	0.6	0.7	0.6	0.9	1.3	1.2	1.3	1.3	2.1	3.1	3.0	2.8	2.6	3.3
Total current liabilities	1.9	2.9	2.8	2.3	2.4	2.8	3.8	3.6	4.1	3.9	4.4	4.5	6.3	7.4	7.4	8.5	8.0	10.4
Short-term debt	0.0	0.0	0.0	0.0	—	0.0	1.2	0.2	0.0	0.0	0.6	0.0	—	0.0	0.0	0.7	0.0	1.2
Long-term debt	0.2	0.2	1.9	1.9	1.9	1.9	3.3	3.1	5.3	5.3	4.7	5.4	5.5	5.5	5.5	5.5	6.5	5.2
Total debt	0.2	1.0	2.0	2.0	1.9	2.0	5.7	3.5	5.4	5.4	5.9	5.4	5.5	5.5	5.6	7.0	6.6	7.7
Total liabilities	2.5	3.4	5.1	4.9	5.0	5.3	7.7	7.4	10.1	10.8	10.8	11.8	13.6	14.5	14.4	15.4	15.9	17.9
Shareholders' equity	7.1	7.5	8.8	7.2	7.1	7.9	7.6	7.4	9.6	6.8	8.2	10.6	12.2	12.2	16.3	19.0	20.4	25.6
Net debt (negative = net cash)	−1.4	−0.9	−4.0	0.6	0.2	−1.1	0.9	0.1	0.4	2.0	2.8	0.1	0.5	3.5	−0.6	−1.1	−0.7	0.7
Shares outstanding	1,341m	1,328m	1,306m	1,197m	1,204m	1,221m	1,160m	1,078m	1,060m	967m	916m	914m	892m	844m	833m	818m	793m	—

US$ billions unless shown otherwise. Fiscal quarters.

Applied Materials: balance sheet, quarterly
Quarter	2024 Q4Oct 2024	2025 Q1Jan 2025	2025 Q2Apr 2025	2025 Q3Jul 2025	2025 Q4Oct 2025	2026 Q1Jan 2026	2026 Q2Apr 2026	2026 Q3Jul 2026
Receivables	5.2	6.0	6.2	5.8	5.2	5.0	6.4	7.7
Inventory	5.4	5.5	5.7	5.8	5.9	6.0	6.3	6.6
Total current assets	21.2	20.7	19.7	19.7	20.9	21.0	22.6	25.1
Goodwill	3.7	3.8	3.7	3.7	3.7	3.7	3.8	3.9
Total assets	34.4	33.3	33.6	34.2	36.3	37.6	40.3	43.5
Accounts payable	1.6	1.7	1.8	1.8	2.0	1.9	2.2	2.4
Deferred revenue (current)	2.8	2.5	2.5	2.5	2.6	2.5	2.6	3.3
Total current liabilities	8.5	7.7	8.0	7.9	8.0	7.8	9.0	10.4
Short-term debt	0.7	0.7	0.7	0.7	0.0	0.1	1.2	1.2
Long-term debt	5.5	5.5	5.5	5.5	6.5	6.5	5.3	5.2
Total debt	6.2	6.2	6.2	6.2	6.5	6.6	6.5	6.4
Total liabilities	15.4	14.7	14.7	14.7	15.9	15.9	16.4	17.9
Shareholders' equity	19.0	18.6	19.0	19.5	20.4	21.7	23.9	25.6
Shares outstanding	818m	—	—	—	793m	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Applied Materials's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Applied Materials.