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Technology · NASDAQ: AMAT

Applied Materials: how the business works

Applied Materials makes the machines chipmakers use to build computer chips, and services them, with revenue of $28.4 billion in FY2025.

By · Checked against filings: . Editorial policy. Corrections

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Applied Materials, Inc. · Santa Clara, California · Founded 1967

Updated for Q3 FY2026 · checked

Revenue, FY2025
$28.4B
Operating income, FY2025
$8.3B
Net income, FY2025
$7.0B
Revenue from customers outside the US, FY2025
About 89%
Employees, Oct 26, 2025
About 36,500

For learning only. Cityfort is not a registered investment adviser or broker-dealer and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

The short version

Applied Materials in 5 points

  1. 1 · What it sells

    Applied Materials makes the machines chipmakers use to build chips: Semiconductor Systems brought in $20.8 billion of FY2025 revenue of $28.4 billion, and service for installed machines $6.4 billion.

    More: what it sells

  2. 2 · Who pays it

    In FY2025, chipmakers buying new machines paid 73.3% of revenue, owners of installed machines paid 22.5% for service, spare parts and software, and display and other businesses 4.2%.

    More: who pays it

  3. 3 · What it keeps from $100

    Of every $100 that came in during FY2025, Applied kept $23.6 as net income, after gains on equity investments and deferred tax charges of $659 million and $407 million; operating income was $29.2 per $100 of revenue.

    More: what it keeps from $100

  4. 4 · Where the operating profit comes from

    Semiconductor Systems earned $7.4 billion of FY2025 operating income and Applied Global Services $1.8 billion, while Corporate and Other, which carries unassigned costs, lost $0.9 billion.

    More: where the operating profit comes from

  5. 5 · The one thing to watch

    China was 30% of Applied's FY2025 revenue, and Applied estimated on Oct 2, 2025 that a new US export rule would cut its FY2026 revenue by about $600 million.

    More: the one thing to watch

Sources: From Applied Materials' FY2025 10-K and its 8-K filed Oct 2, 2025 · checked

See the full receipt and the management scorecard below

Sources (2)
Next: Where $100 goes

01Where the money goes · FY2025

Where does $100 of Applied Materials' money go?

Of every $100 that came in (revenue plus other income), this is where it went.

Applied Materials · FY2025

Receipt for every $100

Where $100 of Applied Materials' money went in FY2025
Cost of products sold$49.2
Research, development and engineering$12.1
Marketing, selling, general and administrative$6.0
Restructuring$0.6
Interest expense$0.9
Income tax$7.7
Kept as net income$23.6
Total$100

Each line = amount ÷ total money in × 100. Lines may not add to exactly $100 because of rounding.

How this is worked out

Cityfort calculation from FY2025 10-K. Of every $100 that came in during FY2025 (revenue plus $1.25 billion of interest and other income): each line = line ÷ $29.6 billion × 100. Income tax includes deferred tax charges of $659 million and $407 million.

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Sources (1)
Next: The business in one line

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02The business in one line

What does Applied Materials do?

Chipmakers pay Applied Materials for the machines that build chips and for keeping them running; in FY2025, building the machines and delivering service took $49.2 of every $100 that came in, and $23.6 was left as net income.

  • In FY2025, new chipmaking machines brought in 73.3% of revenue, service, spare parts and software for installed machines 22.5%, and display and other businesses 4.2%.
  • Customers in China, Taiwan and Korea paid 74% of FY2025 revenue. Two customers, which Applied does not name, paid about 19% and 15%.
Next: Who pays it

03Who pays it

Who pays Applied Materials?

  • Chipmakers buying new machines (Semiconductor Systems)

    73%

    of revenue

    Foundries, logic chipmakers and memory makers equipping new or upgraded factories. Foundry, logic and other was 67% of this segment's FY2025 revenue, DRAM 26% and NAND 7%.

  • Owners of installed machines (Applied Global Services)

    23%

    of revenue

    Customers paying for service, spare parts and factory automation software.

  • Display makers and others (Corporate and Other)

    4%

    of revenue

    Display equipment, $1.06 billion in FY2025, and other small businesses.

  • Chipmakers buying new machines (Semiconductor Systems)73%
  • Owners of installed machines (Applied Global Services)23%
  • Display makers and others (Corporate and Other)4%

Customer concentration

Two customers were about 19% and 15% of FY2025 revenue, and 20% and 14% in the first nine months of FY2026; Applied does not name them. Its FY2024 10-K named Samsung (12%) and TSMC (11%).

Largest customer
19%
Sources (4)
Next: Why it makes money

04Why it makes money

Why does Applied Materials make money?

Applied spends on research to build machines for each new generation of chips, then earns service revenue from every machine it has installed.

Chipmakers buy new machines when they add factory capacity or move to new chip designs. Applied spent 12.6% of FY2025 revenue on research and engineering. Its service segment brought in $6.4 billion that year from machines already in customers' factories.

Gross profit per $100 of revenue

$47.3$48.7

FY2021 to FY2025

  1. Applied spends on research for new chipmaking steps
  2. Chipmakers buy machines to add capacity or make newer chips
  3. Each machine sold joins the base installed in customers' factories
  4. Installed machines need service, spare parts and software
  5. Profit pays for more research, dividends and buybacks
  6. New-machine sales rise and fall with chipmakers' spending

↺ Step 6 feeds back into step 1.

Sources (2)
Next: Business segments

05Business segments · FY2025

Which businesses make up Applied Materials?

  • Semiconductor Systems

    73%

    Chipmaking machines. Revenue rose 4.5% in FY2025; operating income was $7.4 billion, 35.5% of segment revenue. From Q1 FY2026, 200mm equipment moved here from services and past quarters were recast.

    Revenue $20.8B · Operating profit $7.4B

  • Applied Global Services

    23%

    Service, spare parts and factory automation software for installed machines. Revenue rose 2.6% in FY2025; operating income was $1.8 billion, 28.1% of segment revenue.

    Revenue $6.4B · Operating profit $1.8B

  • Corporate and Other

    4%

    Display equipment ($1.06 billion of FY2025 revenue) and other small businesses, plus costs not assigned to the two main segments, so it shows an operating loss of $0.9 billion. FY2021 and FY2022 chart figures add Display and Corporate and Other (Cityfort calculation from the FY2023 and FY2024 10-Ks).

    Revenue $1.2B · Operating profit −$882M

How the mix changed

  • Semiconductor Systems
  • Applied Global Services
  • Corporate and Other

Revenue by segment, FY2021 to FY2025.

US$

See the numbers
How the mix changed (US$)
YearSemiconductor SystemsApplied Global ServicesCorporate and Other
FY2021$16.3B$5.0B$1.8B
FY2022$18.8B$5.5B$1.4B
FY2023$19.7B$5.7B$1.1B
FY2024$19.9B$6.2B$1.0B
FY2025$20.8B$6.4B$1.2B
Sources (5)
Next: How has it done

06The numbers · Consolidated · US$

How has Applied Materials done?

Revenue

$28.4BFY2025

Revenue rose every year from $23.1 billion in FY2021 to $28.4 billion in FY2025, and Q3 FY2026 revenue of $9.1 billion was up 25% from a year earlier.

US$

See the numbers
Revenue (US$)
PeriodRevenue (US$)
FY2021$23.1B
FY2022$25.8B
FY2023$26.5B
FY2024$27.2B
FY2025$28.4B
Q1 FY2024$6.7B
Q2 FY2024$6.6B
Q3 FY2024$6.8B
Q4 FY2024$7.0B
Q1 FY2025$7.2B
Q2 FY2025$7.1B
Q3 FY2025$7.3B
Q4 FY2025$6.8B
Q1 FY2026$7.0B
Q2 FY2026$7.9B
Q3 FY2026$9.1B

Net profit

$7.0BFY2025

Net income fell to $7.0 billion in FY2025 from $7.2 billion while operating income rose to $8.3 billion, because of deferred tax charges of $659 million and $407 million.

US$

See the numbers
Net profit (US$)
PeriodNet profit (US$)EPS ($)
FY2021$5.9B$6.40
FY2022$6.5B$7.44
FY2023$6.9B$8.11
FY2024$7.2B$8.61
FY2025$7.0B$8.66
Q1 FY2024$2.0B$2.41
Q2 FY2024$1.7B$2.06
Q3 FY2024$1.7B$2.05
Q4 FY2024$1.7B$2.09
Q1 FY2025$1.2B$1.45
Q2 FY2025$2.1B$2.63
Q3 FY2025$1.8B$2.22
Q4 FY2025$1.9B$2.38
Q1 FY2026$2.0B$2.54
Q2 FY2026$2.8B$3.51
Q3 FY2026$2.5B$3.17

Profit kept per $100 of revenue

$24.7FY2025

Net income per $100 of revenue stayed between $24.7 and $26.4 from FY2021 to FY2025, and operating income per $100 was $29.2 in FY2025.

$ of profit per $100 of revenue (net margin)

See the numbers
Profit kept per $100 of revenue ($ of profit per $100 of revenue (net margin))
YearNet marginEBITDA margin
FY202125.5%31.6%
FY202225.3%31.9%
FY202325.9%30.8%
FY202426.4%30.4%
FY202524.7%30.8%

Free cash flow

$5.7BFY2025

Free cash flow fell to $5.7 billion in FY2025 from $7.5 billion, as capital spending rose to $2.26 billion and payments for income tax and inventory rose.

US$ · cash from operations minus spending on plants and equipment

See the numbers
Free cash flow (US$ · cash from operations minus spending on plants and equipment)
YearCash from operationsCapital spendingFree cash flow
FY2021$5.4B$668M$4.8B
FY2022$5.4B$787M$4.6B
FY2023$8.7B$1.1B$7.6B
FY2024$8.7B$1.2B$7.5B
FY2025$8.0B$2.3B$5.7B
See all yearly numbers
Applied Materials annual financials, FY2021–FY2025, US$
YearRevenueEBITDANet profitEPS ($)Operating cashCapexFree cash
FY2021$23.1B$7.3B$5.9B$6.40$5.4B$668M$4.8B
FY2022$25.8B$8.2B$6.5B$7.44$5.4B$787M$4.6B
FY2023$26.5B$8.2B$6.9B$8.11$8.7B$1.1B$7.6B
FY2024$27.2B$8.3B$7.2B$8.61$8.7B$1.2B$7.5B
FY2025$28.4B$8.7B$7.0B$8.66$8.0B$2.3B$5.7B

EBITDA here = operating income plus depreciation and amortization (from the cash flow statement). Fiscal years are the company's own (Last Sunday of October. FY2025 ended Oct 26, 2025; FY2026 ended Oct 25, 2026 and has not been reported yet). Net profit is the share belonging to the company's owners.

Download Applied Materials's yearly and quarterly numbers (CSV, with source ids)

Learn: Fiscal years that don't end in December: Nvidia's FY2027 explained · Stock-based compensation and dilution: pay that becomes shares

Sources (13)
Next: What they said, and what happened

07Who runs it

Who runs Applied Materials, and did they deliver?

  • Gary E. Dickerson

    President and Chief Executive Officer · since 2013

    CEO since Sep 2013 and President since Jun 2012; joined Applied in Nov 2011 through its acquisition of Varian. FY2025 total pay was $29.6 million, about 330 times the median employee's $89,744.

  • Brice Hill

    Chief Financial Officer · since 2022

    CFO since March 2022.

  • Thomas J. Iannotti

    Chairman of the Board

  • Akash Palkhiwala

    Director · since 2026

    Joined the Board and its Audit Committee on Aug 27, 2026. He is Qualcomm's CFO and COO.

What they said, and what happened

4 delivered · 1 partly delivered · 2 too early to tell

  1. Said on Aug 14, 2025

    Applied's CFO said it expected Q4 FY2025 revenue to decline, citing digestion of capacity in China and uneven demand from customers making the most advanced chips.

    What happened

    Q4 FY2025 revenue was $6.80 billion, down from $7.30 billion in Q3 FY2025.

    Delivered

  2. Said on Oct 23, 2025

    Applied said it would cut about 4% of its workforce, with charges of $160 million to $180 million, mostly in Q4 FY2025, completing the plan in Q1 FY2026.

    What happened

    Charges were $181 million in Q4 FY2025 and $12 million in Q1 FY2026, $193 million in total, above the range.

    Partly delivered

  3. Said on Nov 13, 2025

    Applied guided Q1 FY2026 revenue of $6.85 billion, plus or minus $0.5 billion.

    What happened

    Reported revenue of $7.01 billion, inside the range.

    Delivered

  4. Said on Feb 12, 2026

    Applied guided Q2 FY2026 revenue of $7.65 billion, plus or minus $0.5 billion.

    What happened

    Reported revenue of $7.91 billion, inside the range.

    Delivered

  5. Said on May 14, 2026

    Applied guided Q3 FY2026 revenue of $8.95 billion, plus or minus $0.5 billion.

    What happened

    Reported revenue of $9.12 billion, inside the range.

    Delivered

  6. Said on May 14, 2026

    Applied's CEO said it expected its semiconductor equipment business to grow more than 30% in calendar 2026, up from over 20% said in February 2026.

    What happened

    On Aug 13, 2026 the CEO said Applied was raising its Semiconductor Systems expectations for calendar 2026 further. Applied's fiscal year ends in late October, so its reports do not match the calendar year.

    Too early to tell

  7. Said on Aug 13, 2026

    Applied guided Q4 FY2026 revenue of $10.25 billion, plus or minus $0.5 billion.

    What happened

    Q4 FY2026 results are not out yet.

    Too early to tell
Sources (9)
Next: What could go wrong

08What could go wrong

What could go wrong for Applied Materials?

  • Demand

    Sales depend on chipmakers' spending

    Chipmakers buy machines when they add capacity or move to new designs. Applied's CFO cited digestion of capacity in China and uneven demand for the most advanced chips before Q4 FY2025 revenue fell to $6.80 billion from $7.30 billion. Revenue was below the year before in Q4 FY2025 and Q1 FY2026.

    Watch Semiconductor Systems revenue each quarter against a year earlier.

  • Regulation

    China and US export rules

    China was 30% of FY2025 revenue and 28% in Q3 FY2026. Applied estimated on Oct 2, 2025 that the BIS Affiliates Rule would cut Q4 FY2025 revenue by about $110 million and FY2026 revenue by about $600 million. Its 10-K says export controls may give an advantage to foreign rivals.

    Watch China's share of revenue each quarter, and new export rules.

  • Concentration

    Two large customers

    Two customers, which Applied does not name, were about 19% and 15% of FY2025 revenue, and 20% and 14% in the first nine months of FY2026.

    Watch The customer concentration note in each 10-Q and 10-K.

  • Competition

    Competition, including from Chinese equipment makers

    Applied's 10-K says it could see more competition from Chinese equipment makers, helped by local government funding and by export controls. Lam Research and KLA each name Applied as a competitor.

    Watch China revenue and the competition section of each 10-K.

  • Legal

    Export settlement terms and other inquiries

    Under the Feb 2026 BIS settlement Applied must run export-compliance audits; a suspended denial order is waived after three years if they are completed. The FY2025 10-K also discloses Justice Department subpoenas about federal award applications.

    Watch The legal matters note in each 10-Q and 10-K.

  • Other

    Investment gains and losses move net income

    Interest and other income was $1.25 billion in FY2025, mainly gains on equity investments, while Q3 FY2026 included a $220 million unrealized loss. Applied agreed on Oct 26, 2026 to raise its Besi stake to about 20%.

    Watch Gains and losses on strategic investments in each earnings release.

  • Execution

    Higher spending on capacity

    Capital spending rose to $2.26 billion in FY2025 from $1.19 billion in FY2024. Applied said on Aug 13, 2026 that it is adding manufacturing capacity for projected demand through the end of the decade.

    Watch Capital spending against revenue each quarter.

Sources (11)
Next: Supporters vs. critics

09Both sides

What do supporters and critics point to?

Facts each side points to. We don't say which side is right.

What supporters point to

  • Revenue rose every year from FY2021 to FY2025, and Q3 FY2026 revenue of $9.1 billion was up 25% from a year earlier.
  • Applied Global Services brought in $6.4 billion in FY2025, and its revenue rose every year from FY2021.
  • Gross margin went from 47.3% in FY2021 to 48.7% in FY2025, and was 50.3% in Q3 FY2026.
  • Reported revenue was inside Applied's guided range in each quarter from Q1 FY2025 to Q3 FY2026.
  • Cash and investments exceeded debt by $8.0 billion at Jul 26, 2026.

What critics point to

  • China was 30% of FY2025 revenue, and Applied estimated a new US export rule would cut FY2026 revenue by about $600 million.
  • Two unnamed customers were about 19% and 15% of FY2025 revenue.
  • Revenue was below the year before in Q4 FY2025 and Q1 FY2026, after Applied's CFO cited digestion of capacity in China.
  • Applied agreed in Feb 2026 to pay $253 million to settle alleged export-rule violations.
  • Dividends paid and buybacks of $6.3 billion in FY2025 were more than free cash flow of $5.7 billion.
Next: What to watch next

10What to watch next

What should you watch next at Applied Materials?

Next event

Q4 FY2026 results

Date not announced yet.

  • Q4 FY2026 revenue against Applied's outlook

    Applied said on Aug 13, 2026 that it expected $10.25 billion, plus or minus $0.5 billion; Q3 FY2026 revenue was $9.1 billion.

  • China's share of revenue

    China was 30% of FY2025 revenue and 28% in Q3 FY2026, after the Sep 2025 export rule.

  • The larger Besi stake

    The Oct 26, 2026 8-K says delivery of the shares that raise Applied's stake to about 20% awaits a US antitrust waiting period.

Next: Key facts

11Key facts

Key facts about Applied Materials

What does Applied Materials do?
Applied Materials makes the equipment chipmakers use to build computer chips, such as machines that deposit and etch thin layers on silicon wafers. It also services those machines and sells spare parts. Applied Materials had FY2025 revenue of $28.4 billion and about 36,500 employees on Oct 26, 2025.
How does Applied Materials make money?
Applied Materials makes money by selling chipmaking machines and by servicing machines its customers already own. In FY2025 (year ended Oct 26, 2025), Semiconductor Systems brought in $20.8 billion (73.3% of revenue), Applied Global Services $6.4 billion (22.5%) and Corporate and Other, mainly display equipment, $1.2 billion (4.2%).
What is Applied Materials' business model?
Applied Materials designs and builds chipmaking machines, sells them almost entirely through its own sales force, then earns service and spare-parts revenue from the machines it has installed. Applied Materials spent $3.57 billion on research, development and engineering in FY2025, 12.6% of revenue.
Is Applied Materials profitable?
Yes. Applied Materials' net income was $7.0 billion and its operating income $8.3 billion in FY2025, on revenue of $28.4 billion. Net income was below FY2024's $7.2 billion because income tax rose, including deferred tax charges of $659 million and $407 million.
What is Applied Materials' revenue by segment?
Applied Materials' FY2025 revenue by segment was Semiconductor Systems $20.8 billion, Applied Global Services $6.4 billion and Corporate and Other $1.2 billion. Their operating income was $7.4 billion, $1.8 billion and a loss of $0.9 billion. From Q1 FY2026 Applied changed its segment basis and recast past quarters.
How much revenue does Applied Materials make from chipmaking machines?
Applied Materials' Semiconductor Systems segment, which sells chipmaking machines, brought in $20.8 billion in FY2025, 73.3% of revenue, up from $19.9 billion in FY2024. Foundry, logic and other chips were 67% of that segment's FY2025 revenue, DRAM memory 26% and NAND memory 7%.
How much revenue does Applied Materials make from services?
Applied Global Services, which sells service, spare parts and factory automation software for installed machines, brought in $6.4 billion in FY2025. That was 22.5% of Applied Materials' revenue, up from $6.2 billion in FY2024, with operating income of $1.8 billion.
Who are Applied Materials' customers?
Applied Materials sells to chipmakers, mainly in Asia: customers in China were 30% of FY2025 revenue, Taiwan 24% and Korea 20%. Two customers that the FY2025 10-K does not name were about 19% and 15% of FY2025 revenue. In FY2024, Samsung was 12% and TSMC 11%.
Who owns Applied Materials?
Applied Materials has one class of common stock with one vote per share and 793.6 million shares outstanding on Jul 26, 2026. Vanguard Capital Management reported 7.49% on Mar 31, 2026. The 2026 proxy lists BlackRock at 9.69%, based on Dec 31, 2023 data, and directors and executive officers together at less than 1%.
What were Applied Materials' latest quarterly results?
Applied Materials' revenue was $9.1 billion in Q3 FY2026 (quarter ended Jul 26, 2026), up 25% from $7.3 billion in Q3 FY2025. Net income was $2.5 billion, up from $1.8 billion, and diluted EPS was $3.17.
Sources (7)
Next: Go deeper

Terms on this page

Each explains the term in plain English, with the same number from other companies on Cityfort.

Go deeper

More detail from the same filings. Open any section.

12What it sells

12What it sells

What does Applied Materials sell?

Applied Materials makes machines that work inside chip factories. They add, carve, polish and inspect the ultra-thin layers that become a chip's circuits. Applied also services those machines after the sale.

  • Chipmaking machines (Semiconductor Systems, $20.8B in FY2025)

    Equipment for etch (carving patterns), deposition (adding thin films), chemical mechanical planarization (polishing), rapid thermal processing, ion implant, measurement and inspection, and chip packaging.

  • Applied Global Services ($6.4B)

    Service, spare parts and factory automation software for the machines already installed in customers' factories.

  • Display and other (Corporate and Other, $1.2B)

    Equipment used to make displays, plus smaller businesses. Display brought in $1.06 billion in FY2025.

Think of it like this

Applied is like a company that builds and services the ovens and mixers for bakeries: it does not bake the bread (the chips) itself.

What it does

  • Does: Designs and builds chipmaking equipment, with manufacturing in the US, Singapore, Japan, China, Korea, Taiwan, Israel and other places
  • Does: Sells almost entirely through its own sales force
  • Does: Services the machines it has installed and sells spare parts and factory automation software

What it does not do

  • Does not: Does not make or sell chips; its customers do
  • Does not: Does not name its largest customers in its FY2025 10-K; it named TSMC and Samsung through FY2024
  • Does not: Does not report Display as its own segment since its FY2025 10-K
Sources (2)
13How the money flows

13How the money flows · FY2025

How does money flow through Applied Materials?

Money in

  • Semiconductor Systems (chipmaking machines)$20.8B
  • Applied Global Services (service, spares, software)$6.4B
  • Corporate and Other (mainly display equipment)$1.2B
  • Interest and other income, mainly gains on equity investments$1.3B

The company

Applied Materials

$29.6B came in

Money out

  • Cost of products sold$14.6B
  • Research, development and engineering$3.6B
  • Marketing, selling, general and administrative$1.8B
  • Restructuring (about 4% job cuts)$181M
  • Interest expense$269M
  • Income tax$2.3B
  • Net income$7.0B
  1. Customers paid Applied $28.4 billion in FY2025, nearly three-quarters of it for new chipmaking machines.
  2. Building the machines and delivering service cost $14.6 billion, leaving $13.8 billion of gross profit.
  3. Research, selling, administrative and job-cut costs took $5.5 billion, leaving $8.3 billion of operating income.
  4. Interest and other income, mainly gains on equity investments, added $1.3 billion; interest paid took $0.3 billion.
  5. After $2.3 billion of income tax, $7.0 billion was left as net income.
Sources (1)
14What it needs to run

14What it needs to run

What does Applied Materials need to run?

  • Research and engineering

    Research, development and engineering cost $3.57 billion in FY2025, 12.6% of revenue, up from $2.49 billion in FY2021. Research is done mainly in the US, India and Israel.

  • Factories and property

    Property, plant and equipment was $4.6 billion at Oct 26, 2025, up from $3.3 billion a year earlier, and $5.6 billion at Jul 26, 2026. Applied makes equipment in the US, Singapore, Japan, China, Korea, Taiwan, Israel and elsewhere.

  • People

    About 36,500 regular full-time employees in 25 countries at Oct 26, 2025, and about 38,900 at the end of Q3 FY2026.

  • Cleanroom space

    Applied said on Aug 13, 2026 that its new $500 million Tampines Campus in Singapore more than doubles its advanced cleanroom capacity there.

Sources (4)
15Where it sells

15Where it sells · FY2025, by location of customer facilities

Where does Applied Materials sell?

  • China30%
  • Taiwan24%
  • Korea20%
  • United States11%
  • Japan8%
  • Southeast Asia4%
  • Europe3%
Sources (1)
16Competitors and what protects it

16Competitors and what protects it

Who does Applied Materials compete with?

Applied's FY2025 10-K names no competitors. It says it faces competition in all its segments, from small regional firms to global companies, and could face more from Chinese equipment makers. Lam Research and KLA name Applied as a competitor in their own 10-Ks.

  • Lam Research

    NASDAQ: LRCX

    Lam's FY2026 10-K names Applied Materials as its primary competitor in dielectric and metals deposition, and as one of its primary competitors in etch.

  • KLA

    NASDAQ: KLAC

    KLA's FY2026 10-K names Applied Materials among its competitors in process control, the measuring and inspection of wafers.

  • Tokyo Electron

    Named in Lam's FY2026 10-K, with Applied and Hitachi, as a primary competitor in etch.

  • Hitachi

    Named in Lam's FY2026 10-K, with Applied and Tokyo Electron, as a primary competitor in etch.

What protects the business

Each strength is scored 1 (weak) to 5 (strong) for the business, with the reason. It is not a rating of the share.

  • Research spending4 of 5

    Applied spent $3.57 billion on research, development and engineering in FY2025, up from $2.49 billion in FY2021.

  • Installed base and service4 of 5

    Applied Global Services brought in $6.4 billion in FY2025 from installed machines, and its revenue rose every year from FY2021 to FY2025.

  • Range of products3 of 5

    Semiconductor Systems sells machines for etch, deposition, polishing, thermal processing, implant, inspection and packaging. Lam Research and KLA each name Applied as a competitor in their markets.

  • Spread of customers2 of 5

    Two unnamed customers paid about 19% and 15% of FY2025 revenue, and customers in China, Taiwan and Korea paid 74%.

Weak spot

China and export rules

China was 30% of FY2025 revenue. Applied estimated on Oct 2, 2025 that a new US export rule would cut FY2026 revenue by about $600 million. Its 10-K says export controls may give an advantage to foreign rivals.

Sources (5)
17Where growth could come from

17Where growth could come from

Where could Applied Materials' growth come from?

Applied said on Aug 13, 2026 that it expected Q4 FY2026 revenue of $10.25 billion, plus or minus $0.5 billion. Its CEO said in the same release: "we expect another strong growth year for Applied Materials in 2027."
Management statement, Aug 13, 2026. Reported as a statement, not our forecast.

  • Machines for foundry and logic chips

    Working

    Semiconductor Systems $7.04B in Q3 FY2026

    Semiconductor Systems revenue was $7.04 billion in Q3 FY2026, up from $5.56 billion a year earlier on the recast basis. Foundry, logic and other was 67% of it.

    Status: Working, on track against what the company said.

  • Machines for DRAM memory makers

    Working

    DRAM 26% of FY2025 system sales

    DRAM was 26% of Semiconductor Systems revenue in FY2025, up from 17% in FY2023. Applied reported record DRAM revenue in Q1 FY2026, when DRAM was 34% of the segment.

    Status: Working, on track against what the company said.

  • Service for installed machines

    Working

    Applied Global Services $1.78B in Q3 FY2026

    Applied Global Services revenue was $1.78 billion in Q3 FY2026, up from $1.46 billion a year earlier on the recast basis.

    Status: Working, on track against what the company said.

  • Chip packaging, with a stake in Besi

    New

    About 9% of Besi, agreed to rise to about 20%

    In April 2025 Applied bought about 9% of BE Semiconductor Industries (Besi), a maker of chip assembly equipment. The two develop hybrid bonding, which joins chips with direct copper-to-copper bonds. On Oct 26, 2026 Applied agreed to raise its stake to about 20%, subject to a US antitrust waiting period.

    Status: New, recently announced.

  • More manufacturing capacity

    Early

    $2.26B capital spending in FY2025

    Capital spending rose to $2.26 billion in FY2025 from $1.19 billion in FY2024, mainly for property, demonstration and testing equipment. Applied said on Aug 13, 2026 that it is adding capacity for projected demand through the end of the decade.

    Status: Early, too early to judge.

Status compares progress with what the company itself said it would do: Working = on track against what the company said; Mixed = partly on track; Behind = behind the company's own plan; New = recently announced; Early = too early to judge.

Sources (5)
18The company's own measures (non-GAAP)

18The company's own measures · FY2025

What do Applied Materials' own measures show?

Adjusted (non-GAAP) figures are Applied's own measures, shown next to the official (GAAP) number. They are never added together.

  • Official (GAAP): GAAP net income

    $7.0B

    Company's own measure: Non-GAAP net income

    $7.6B

    Applied leaves out acquisition-related amortization, restructuring, a goodwill impairment, gains on strategic investments and an asset sale, and certain tax items, including the two deferred tax charges.

  • Official (GAAP): GAAP diluted EPS

    $8.66

    Company's own measure: Non-GAAP diluted EPS

    $9.42

    Same adjustments as non-GAAPThe company's own "adjusted" numbers, not the official (GAAP) ones. Always read them next to the official figure. Learn more net income.

  • Official (GAAP): GAAP operating margin

    29.2%

    Company's own measure: Non-GAAP operating margin

    30.2%

    Leaves out acquisition-related amortization and restructuring, among other items.

These are the company's own measures, defined by the company. They are not comparable across companies, and they are not added together. Each sits beside the nearest official (GAAP) figure.

Learn: Non-GAAP measures: what a company's "adjusted" numbers leave out

Sources (1)
19Financial strength and debt

19Financial strength · Jul 26, 2026

How much debt does Applied Materials have?

At Jul 26, 2026, cash and investments of $14.5 billion exceeded debt of $6.5 billion by $8.0 billion. Debt equaled about 10 months of FY2025 cash from operations.
  • Total debt$6.5B
  • Cash and investments$14.5B
  • Net cash (cash minus debt)$8.0B
  • Net worth (shareholders' money)$25.6B
Debt to equity
0.26×
$ of debt for every $1 of shareholders' money
  • Net cash is a Cityfort calculation from the Q3 FY2026 10-Q: cash of $7.04 billion, short-term investments of $2.20 billion and long-term investments of $5.27 billion, minus short-term debt of $1.30 billion and long-term debt of $5.25 billion.
  • Long-term investments include strategic equity stakes, such as Applied's Besi shares, whose value moves with share prices.
  • Short-term debt includes $1.2 billion of 3.300% notes due 2027 and $100 million of commercial paper. Senior notes principal was $6.5 billion.
  • Operating lease liabilities of $495 million at Oct 26, 2025 are not counted as debt here.
  • In Sep 2025 Applied sold $1.0 billion of notes due 2031 and 2036, and in Oct 2025 it repaid $700 million of notes due Oct 1, 2025. No revolving credit was drawn at Jul 26, 2026.
Sources (4)
20Who owns it

20Who owns it · ownership as of Dec 31, 2025

Who owns Applied Materials?

Applied has one class of common stock, one vote per share. The 2026 proxy's table is as of Dec 31, 2025: 15 directors and executive officers held 2,405,861 shares, less than 1%. CEO Gary Dickerson held 1,398,872 of them.
Share classes
Applied Materials share classes: shares outstanding (millions) and votes per share
ClassShares (millions)Votes per shareHeld by% of shares% of votesTraded
Common stock (Shares outstanding on Jul 26, 2026 (Q3 FY2026 10-Q cover).)793.61–––Yes
Holders of 5% or more
Applied Materials holders of 5% or more, from the proxy statement or later Schedule 13G filings; each row shows its own date
HolderSharesVotesAs ofSourceNote
BlackRock, Inc.9.7%–Dec 31, 2023S162026 proxy figure, based on BlackRock's Feb 2024 filing with Dec 31, 2023 data: 76,811,130 shares.
Vanguard Capital Management7.5%–Mar 31, 2026S17, S18, S16Schedule 13G filed Apr 29, 2026: 59,459,172 shares. The Vanguard Group, listed at 9.35% in the proxy, reported 0% as of Mar 13, 2026 (Schedule 13G/A filed Mar 26, 2026) after a Jan 12, 2026 realignment; its units now report separately.

From the company's proxy statement (DEF 14A), later Schedule 13G filings and the share counts on its latest annual or quarterly report. Each holder row shows the date of its own filing.

Insider trades · Form 4 data as of Nov 6, 2026

What did Applied Materials' insiders report trading?

Applied Materials' insiders made 53 Form 4A filing an insider must make within two business days of buying or selling the company's shares. Learn more filings in the 12 months to Nov 6, 2026.

They reported no purchases and 45 sales (307,925 shares) in the open market or privately (codes P and S).

None of the sales were on forms with the Rule 10b5-1 plan box checked.

The same filings report 50 other share transactions (A: 30, F: 12, G: 8).

Insiders are a company's officers, directors and owners of more than 10% of a class of its shares. Most changes in their holdings must be reported to the SEC on a Form 4 within two business days. Source: SEC Form 4 filings on EDGAR.

P
a purchase in the open market or privately
S
a sale in the open market or privately
A
a grant, award or other acquisition from the company under Rule 16b-3
F
shares withheld or handed over to pay an exercise price or tax when an award is received, exercised or vests
G
a bona fide gift

Code meanings: General Instruction 8 of Form 4 (SEC).

The latest 25 of 95 transactions
Applied Materials' insider transactions reported on Form 4 in the 12 months to Nov 6, 2026, newest filing first
InsiderTrade dateCodeSharesPriceHeld after10b5-1 boxFiling
Sanders AdamCorp. Controller & CAOOct 2, 2026S725 D$544.5623,181Not checkedForm 4, filed Oct 5, 2026
Deane Timothy MSVP, Applied Global ServicesOct 1, 2026F2,644 D$529.30130,462Not checkedForm 4, filed Oct 5, 2026
Sanders AdamCorp. Controller & CAOOct 1, 2026F269 D$529.303,906Not checkedForm 4, filed Oct 5, 2026
BRUNER JUDYDirectorSep 8, 2026S1,000 D$465.0025,544 (indirect: By Family Trust)Not checkedForm 4, filed Sep 10, 2026
Palkhiwala Akash J.DirectorAug 27, 2026A279 A$0.00279Not checkedForm 4, filed Aug 31, 2026
Hill BriceSVP, CFOAug 25, 2026S7,500 D$479.2501128,613Not checkedForm 4, filed Aug 27, 2026
Sanders AdamCorp. Controller & CAOJul 1, 2026F125 D$650.914,155Not checkedForm 4, filed Jul 6, 2026
DICKERSON GARY EDirector, President and CEOJun 30, 2026S19,970 D$735.221,599,873Not checkedForm 4, filed Jul 1, 2026
DICKERSON GARY EDirector, President and CEOJun 30, 2026S30 D$736.051,599,843Not checkedForm 4, filed Jul 1, 2026
DICKERSON GARY EDirector, President and CEOJun 29, 2026S50,332 D$700.211,627,832Not checkedForm 4, filed Jul 1, 2026
DICKERSON GARY EDirector, President and CEOJun 29, 2026S7,989 D$701.331,619,843Not checkedForm 4, filed Jul 1, 2026
Raja Prabu G.President, Semi. Products Grp.Jun 18, 2026S10,000 D$633.53346,642 (indirect: Through Living Trust)Not checkedForm 4, filed Jun 22, 2026
DICKERSON GARY EDirector, President and CEOJun 16, 2026S15,755 D$590.521,751,136Not checkedForm 4, filed Jun 17, 2026
DICKERSON GARY EDirector, President and CEOJun 16, 2026S9,186 D$591.401,741,950Not checkedForm 4, filed Jun 17, 2026
DICKERSON GARY EDirector, President and CEOJun 16, 2026S10,411 D$592.181,731,539Not checkedForm 4, filed Jun 17, 2026
DICKERSON GARY EDirector, President and CEOJun 16, 2026S4,682 D$593.511,726,857Not checkedForm 4, filed Jun 17, 2026
DICKERSON GARY EDirector, President and CEOJun 16, 2026S4,535 D$594.741,722,322Not checkedForm 4, filed Jun 17, 2026
DICKERSON GARY EDirector, President and CEOJun 16, 2026S5,933 D$595.591,716,389Not checkedForm 4, filed Jun 17, 2026
DICKERSON GARY EDirector, President and CEOJun 16, 2026S13,505 D$596.821,702,884Not checkedForm 4, filed Jun 17, 2026
DICKERSON GARY EDirector, President and CEOJun 16, 2026S4,457 D$597.451,698,427Not checkedForm 4, filed Jun 17, 2026
DICKERSON GARY EDirector, President and CEOJun 16, 2026S2,426 D$598.561,696,001Not checkedForm 4, filed Jun 17, 2026
DICKERSON GARY EDirector, President and CEOJun 16, 2026S837 D$599.351,695,164Not checkedForm 4, filed Jun 17, 2026
DICKERSON GARY EDirector, President and CEOJun 16, 2026G17,000 D$0.001,678,164Not checkedForm 4, filed Jun 17, 2026
Nalamasu OmkaramSenior Vice President, CTOJun 16, 2026S3,515 D$590.48167,664Not checkedForm 4, filed Jun 17, 2026
Nalamasu OmkaramSenior Vice President, CTOJun 16, 2026S4,782 D$591.53162,882Not checkedForm 4, filed Jun 17, 2026

Shares: A = acquired, D = disposed of. A price the filing gives only in a footnote shows as “See filing”. The 10b5-1 box is checked when at least one trade on the form was made under a Rule 10b5-1 plan. A Form 4/A replaces the form it amends. See all of Applied Materials' Form 4 filings on EDGAR.

Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy · Form 4 insider filings: who files, the codes and the footnotes · Rule 10b5-1 trading plans: how insiders pre-schedule their trades

Sources (4)
21What it does with profit

21What it does with profit

What does Applied Materials do with its profit?

Applied declared $1.78 a share of dividends in FY2025 and raised the quarterly dividend to $0.53 from $0.46 in March 2026. Dividends paid and buybacks totaled $6.3 billion in FY2025, more than free cash flow of $5.7 billion.

Dividend per share

$1.78FY2025

Dividend paid for each share, by financial year.

$ per share

See the numbers
Dividend per share ($ per share)
YearDividend per shareShare of profit paid out
FY2021$0.94–
FY2022$1.02–
FY2023$1.22–
FY2024$1.52–
FY2025$1.78–

  • Buyback · Oct 26, 2025

    Bought back $4.9 billion of shares in FY2025, up from $3.8 billion in FY2024.

    $4.9B

  • Buyback · Jul 26, 2026

    About $12.8 billion remained at Jul 26, 2026 under the $10.0 billion buyback authorizations of March 2023 and March 2025.

    $12.8B

  • Money raised · Sep 18, 2025

    Sold $550 million of 4.000% notes due 2031 and $450 million of 4.600% notes due 2036.

    $1.0B

Sources (4)
22Governance signals

22Governance signals

What do Applied Materials' governance filings show?

Auditor
KPMG LLP, since 2004
Auditor changes
None in the period covered
Audit qualifications
None reported
Related-party dealings
The 2026 proxy describes how the Audit Committee reviews related person transactions, and lists no specific transactions.
Credit rating
Moody's and S&P (as listed in Applied's Sep 2025 pricing term sheet for its notes) A2 (Moody's) / A (S&P); not rated by Fitch (Not stated in the term sheet), Sep 15, 2025

A credit rating describes the company's ability to repay debt. It is not a rating of the share.

Flags to know about

  • regulatory

    Export-control settlement with the Commerce Department

    On Feb 11, 2026 Applied settled with the Bureau of Industry and Security (BIS) over alleged export-rule violations on shipments from Nov 2020 to Jul 2022. Applied paid $253 million (its press release says $252.5 million) and must run internal export-compliance audits. A denial order is suspended, and waived after three years if the audits are completed.

  • regulatory

    Other export inquiries closed

    Applied's filings say the Justice Department and the SEC closed their inquiries into its China shipments with no action.

  • regulatory

    Subpoenas on federal award applications

    Applied's FY2025 10-K discloses Justice Department subpoenas about certain federal award applications.

  • disclosure

    Largest customers not named

    Since its FY2025 10-K, Applied does not name the two customers that were about 19% and 15% of FY2025 revenue. It named Samsung and TSMC through FY2024.

  • disclosure

    Segments redefined

    Applied moved Display into Corporate and Other in its FY2025 10-K, and from Q1 FY2026 moved 200mm equipment into Semiconductor Systems and fully allocated corporate costs. Segment figures from different filings do not line up.

  • other

    No hedging; no shares as loan collateral

    The 2026 proxy says employees and directors may not hedge Applied shares, and directors and named executive officers may not use them as collateral for loans.

Sources (8)
23What the market paid

23What the market paid · price as of Nov 5, 2026

What did the market pay for Applied Materials on Nov 5, 2026?

Price as of Nov 5, 2026 (shown for education; prices change daily).

Price as of Nov 5, 2026: Applied Materials closed at $319.25 on Nasdaq. Times 793.6 million shares (Jul 26, 2026), that is a market value of about $253.4 billion (Cityfort calculation from the Nov 5, 2026 Nasdaq closing price and the Q3 FY2026 10-Q). P/E is price ÷ earnings per share: 36.9 on FY2025 diluted EPS of $8.66. P/B is market value ÷ shareholders' equity: 9.9 on equity of $25.6 billion at Jul 26, 2026.

Share price
$319.25
Market value (market cap)
$253.4B
P/E
36.9×
P/B
9.9×

More price-based ratios · as of Nov 5, 2026

Each ratio divides a number from the company's filings by the market value or share price on Nov 5, 2026. Prices change daily, so these ratios do too.

Shares used for the market value: 793.6 million ($319.25 × 793.6 million shares ≈ $253.4B). Source: Form 10-Q, Q3 fiscal 2026 (quarter ended Jul 26, 2026)

Source: AMAT historical daily prices (close of Nov 5, 2026: $319.25); Form 10-Q, Q3 fiscal 2026 (quarter ended Jul 26, 2026); Form 10-K, fiscal 2025 (year ended Oct 26, 2025)

Sources (9)
24How it got here

24How it got here

How did Applied Materials get here?

  1. 1967

    Milestone

    Incorporated

    Applied Materials was incorporated in Delaware in 1967. It is based in Santa Clara, California.

  2. 2011

    Milestone

    Varian acquisition

    Gary Dickerson joined Applied in Nov 2011 through its acquisition of Varian.

  3. 2013

    Milestone

    New CEO

    Gary Dickerson became CEO in Sep 2013, after becoming President in Jun 2012.

  4. 2021

    Crisis

    Deal termination fee

    FY2021 results include a $154 million deal termination fee.

  5. 2022

    Crisis

    Export inquiries begin

    From 2022 Applied received subpoenas from the Justice Department, the Commerce Department and the SEC about shipments to China.

  6. 2025

    Business-model change

    Stake in Besi

    In April 2025 Applied bought about 9% of BE Semiconductor Industries (Besi) to support joint work on hybrid bonding for chip packaging.

  7. 2025

    Crisis

    New US export rule

    On Oct 2, 2025 Applied estimated that the BIS Affiliates Rule of Sep 29, 2025 would cut FY2026 revenue by about $600 million.

  8. 2025

    Milestone

    Job cuts

    In Oct 2025 Applied announced cuts of about 4% of its workforce; charges totaled $193 million.

  9. 2026

    Crisis

    Export settlement

    On Feb 11, 2026 Applied settled alleged export-rule violations with the Commerce Department for $253 million.

  10. 2026

    Business-model change

    Larger Besi stake

    On Oct 26, 2026 Applied agreed to buy more Besi shares, raising its stake to about 20%, subject to a US antitrust waiting period.

Sources (10)

25Sources and changes

Where every number on this page comes from

Sources (28 documents)
  1. S1Form 10-K, fiscal 2025 (year ended Oct 26, 2025) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Dec 12, 2025
  2. S2Form 10-K, fiscal 2024 (year ended Oct 27, 2024) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Dec 13, 2024
  3. S3Form 10-K, fiscal 2023 (year ended Oct 29, 2023) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Dec 15, 2023
  4. S5Form 10-Q, Q3 fiscal 2026 (quarter ended Jul 26, 2026) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 20, 2026
  5. S6Form 10-Q, Q2 fiscal 2026 (quarter ended Apr 26, 2026) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 21, 2026
  6. S7Form 10-Q, Q1 fiscal 2026 (quarter ended Jan 25, 2026) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 19, 2026
  7. S8Q3 fiscal 2026 earnings release (8-K Ex. 99.1) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 13, 2026
  8. S9Q2 fiscal 2026 earnings release (8-K Ex. 99.1) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 14, 2026
  9. S10Q1 fiscal 2026 earnings release (8-K Ex. 99.1) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 12, 2026
  10. S11Q4 and fiscal 2025 earnings release (8-K Ex. 99.1) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Nov 13, 2025
  11. S12Q3 fiscal 2025 earnings release (8-K Ex. 99.1) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 14, 2025
  12. S13Q2 fiscal 2025 earnings release (8-K Ex. 99.1) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 15, 2025
  13. S14Q1 fiscal 2025 earnings release (8-K Ex. 99.1) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 13, 2025
  14. S15Q4 and fiscal 2024 earnings release (8-K Ex. 99.1) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Nov 14, 2024
  15. S162026 proxy statement (DEF 14A), annual meeting Mar 12, 2026 · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jan 28, 2026
  16. S17Schedule 13G filed by Vanguard Capital Management for Applied Materials (event date Mar 31, 2026) · Vanguard Capital Management (SEC EDGAR) · Tier 1: company or exchange filing · Apr 29, 2026
  17. S18Schedule 13G/A (Amendment 11) filed by The Vanguard Group for Applied Materials (event date Mar 13, 2026) · The Vanguard Group (SEC EDGAR) · Tier 1: company or exchange filing · Mar 26, 2026
  18. S198-K filed Feb 12, 2026: settlement with the U.S. Commerce Department (BIS), Ex. 99.1 · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 12, 2026
  19. S208-K filed Oct 26, 2026: agreement to raise stake in BE Semiconductor Industries (Besi) to about 20% · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Oct 26, 2026
  20. S218-K filed Apr 14, 2025: purchase of 9% of Besi, Ex. 99.1 · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Apr 14, 2025
  21. S228-K filed Oct 23, 2025: workforce reduction plan (Item 2.05) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Oct 23, 2025
  22. S238-K filed Oct 2, 2025: estimated revenue impact of the BIS Affiliates Rule (Item 7.01) · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Oct 2, 2025
  23. S248-K filed Sep 19, 2025: $1.0 billion of senior notes due 2031 and 2036 · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Sep 19, 2025
  24. S26Pricing term sheet (FWP) for the 4.000% notes due 2031 and 4.600% notes due 2036, with ratings · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Sep 16, 2025
  25. S278-K filed Aug 27, 2026: Akash Palkhiwala appointed to the board, Ex. 99.1 · Applied Materials, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 27, 2026
  26. S28AMAT historical daily prices (close of Nov 5, 2026: $319.25) · Nasdaq, Inc. · Tier 1: company or exchange filing · Nov 5, 2026
  27. S29Lam Research Form 10-K, fiscal 2026 (competition section names Applied Materials) · Lam Research Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Aug 7, 2026
  28. S30KLA Form 10-K, fiscal 2026 (competition section names Applied Materials) · KLA Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Aug 6, 2026
Changes to this page (v1 · Nov 6, 2026)
  1. v1 · Nov 6, 2026First version, through Q3 FY2026 (quarter ended Jul 26, 2026) and the FY2025 10-K. (first version)

Numbers come only from tier 1 and tier 2 sources. Read how we research.

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All information is taken from publicly available sources, mainly company filings with the SEC, which are listed on each page with dates. We work to keep it accurate and correct errors publicly, but we do not guarantee that it is complete, accurate or up to date. Any market price or price-based ratio shown is dated, may be out of date by the time you read it, and is included only to explain concepts.

Statements by company management, including forward-looking statements and guidance, are reported as the company's statements, with their date and source; they are not our forecasts. Adjusted (non-GAAP) figures are the company's own measures and are shown next to the official (GAAP) figures.