Applied Materials : Q2 2026 Earnings Release

Published: 2026-05-14 16:10:31 ET AMAT

Published on 05/14/2026 at 04:10 pm EDT

‌Investor Relations Contact: Mike Sullivan (408) 986-7977 [email protected]

Media Contact: Ricky Gradwohl (408) 235-4676 [email protected]

Record revenue $7.91 billion, up 11 percent year over year

GAAP gross margin 49.9 percent and non-GAAP gross margin 50.0 percent

Record GAAP EPS $3.51 and record non-GAAP EPS $2.86, up 33 percent and 20 percent year over year, respectively

Announced new EPIC Center partner engagements designed to accelerate commercialization of next-generation semiconductor technologies

SANTA CLARA, Calif., May 14, 2026 - Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its second quarter ended Apr. 26, 2026.

Applied generated record revenue of $7.91 billion. On a GAAP basis, the company reported gross margin of 49.9 percent, operating income of $2.52 billion or 31.9 percent of revenue, and record earnings per share (EPS) of $3.51.

On a non-GAAP basis, the company reported gross margin of 50.0 percent, operating income of $2.54 billion or

32.1 percent of revenue, and record EPS of $2.86.

The company generated $845 million in cash from operations and distributed $765 million to shareholders through

$400 million in share repurchases and $365 million in dividends.

"Applied Materials delivered record quarterly performance, and we now expect our semiconductor equipment business to grow more than 30 percent in calendar 2026," said Gary Dickerson, President and CEO. "The rapid global build-out of AI computing infrastructure combined with Applied's strong leadership positions in leading-edge logic, DRAM and advanced packaging provide an exceptionally strong foundation for sustained, multi-year revenue and profit growth."

"The growth in AI that Applied has been investing for is now in full force," said Brice Hill, Senior Vice President and CFO. "As the largest process equipment company in the fastest growing markets, our top priority is ensuring we have the operational and supply chain readiness to support our customers' growth. We have increased our build plan, inventory positions and logistics capacity, and we are driving higher operating profit and productivity across the company."

(In millions, except per share amounts and percentages)

Revenue

$ 7,910

$ 7,100

11%

Gross margin

49.9 %

49.1 %

0.8 points

Operating margin

31.9 %

30.5 %

1.4 points

Net income

$ 2,806

$ 2,137

31%

Diluted earnings per share

$ 3.51

$ 2.63

33%

Non-GAAP Results

Non-GAAP gross margin

50.0 %

49.2 %

0.8 points

Non-GAAP operating margin

32.1 %

30.7 %

1.4 points

Non-GAAP net income

$ 2,286

$ 1,940

18%

Non-GAAP diluted EPS

$ 2.86

$ 2.39

20%

Non-GAAP free cash flow

$ 210

$ 1,061

(80)%

A reconciliation of the GAAP and non-GAAP results is provided in the financial tables included in this release. See also "Use of Non-GAAP Financial Measures" section.

Announced several EPIC Center engagements with chipmakers and partners designed to dramatically reduce the time it takes to commercialize breakthrough technologies from early-stage research to full-scale manufacturing. These engagements build upon the previously announced partnership with Samsung Electronics.

A new innovation partnership with TSMC to accelerate the development and commercialization of semiconductor technologies required for the next era of AI. Working together at Applied's EPIC Center in Silicon Valley, the companies will co-innovate to advance materials engineering, equipment innovation, and process integration technologies designed to deliver energy-efficient performance from the data center to the edge.

Arizona State University (ASU), Rensselaer Polytechnic Institute (RPI) and Stanford University will join Applied's EPIC Center as inaugural research partners, leveraging the synergy of academia and industry to accelerate energy-efficient innovations for next-generation AI chips.

Advantest Corporation, a leading semiconductor test equipment supplier, will join Applied's EPIC platform as an innovation partner to strengthen the links between front-end manufacturing technologies and back-end testing of chips and packages, helping chipmakers bring new designs to market faster.

A long-term collaboration agreement between Applied and SK hynix to accelerate the development and deployment of next-generation DRAM and high-bandwidth memory (HBM) essential for AI and high-performance computing. Engineers from both companies will work side-by-side at Applied's EPIC Center to advance innovation in materials, process integration and 3D advanced packaging as memory architectures move beyond current production nodes.

Applied and Micron Technology are working to develop next-generation DRAM, HBM and NAND solutions that increase the energy-efficient performance of AI systems, bringing together advanced R&D capabilities from Applied's EPIC Center in Silicon Valley and Micron's state-of-the-art innovation center in Boise, Idaho.

Introduced chip-making systems designed to create the smallest atomic-scale features in 3D Gate-All-Around transistors for the world's most advanced logic chips. By controlling materials deposition with atomic-level

precision, the technologies enable chipmakers to build faster and more power-efficient transistors at the scale required to sustain the pace of today's global AI infrastructure build-out.

Precision™ Selective Nitride PECVD preserves integrity of shallow trench isolation, reducing parasitic capacitance and boosting chip performance-per-watt.

Trillium™ ALD wraps silicon nanosheets with complex metal gate stacks that optimize transistors for a wide range of AI computing applications.

Entered into an agreement with ASMPT Limited to acquire its NEXX business, a leading supplier of large-area advanced packaging deposition equipment for the semiconductor industry. The addition of the NEXX team and products will broaden Applied's portfolio of panel-level advanced packaging technologies which are designed to enable chipmakers and systems companies to build larger-body AI accelerators for higher energy-efficient performance.

Received a 2026 Intel EPIC Supplier Award for Excellence in Technology Development.

Joined Synopsys and NVIDIA in a collaboration to advance AI and quantum chemistry R&D with accelerated materials modeling.

Increased the quarterly cash dividend by 15 percent, from $0.46 to $0.53 per share, marking nine consecutive years of dividend increases. With the increase, Applied has more than doubled its dividend per share from four years ago.

Applied's total revenue and non-GAAP diluted EPS for the third quarter of fiscal 2026 are expected to be as follows:

(In millions, except per share amounts)

Total revenue

$ 8,950

+/- $

500

Non-GAAP diluted EPS

$ 3.36

+/- $

0.20

This outlook for non-GAAP diluted EPS excludes known charges related to completed acquisitions of $0.01 per share, includes the normalized tax benefit of share-based compensation of $0.01 per share and includes a net income tax benefit related to intra-entity intangible asset transfers of $0.04 per share, but does not reflect any items that are unknown at this time, such as any additional charges related to acquisitions or other non-operational or unusual items, as well as other tax-related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty.

Effective in the first quarter of fiscal 2026, management moved our 200-millimeter equipment business to Semiconductor Systems. The business was previously included in Applied Global Services. Additionally, effective in the first quarter of fiscal 2026, management began fully allocating corporate support costs to our operating segments. Prior-period numbers have been recast to conform to the current-year presentation. Display operating segment financial results are included in the Other category balances below.

Semiconductor Systems

Q2 FY2026

Q2 FY2025

(in millions, except percentages)

Revenue

$ 5,965

$ 5,401

Foundry, logic and other

67 %

66 %

DRAM

29 %

27 %

Flash memory

4 %

7 %

Gross margin

54.7 %

53.5 %

Operating income

$ 2,092

$ 1,770

Operating margin

35.1 %

32.8 %

Non-GAAP Results

Non-GAAP gross margin

54.8 %

53.6 %

Non-GAAP operating income

$ 2,102

$ 1,781

Non-GAAP operating margin

35.2 %

33.0 %

Applied Global Services

Q2 FY2026

Q2 FY2025

(in millions, except percentages)

Revenue

$ 1,665

$ 1,420

Gross margin

34.7 %

33.5 %

Operating income

$ 487

$ 378

Operating margin

29.2 %

26.6 %

Non-GAAP Results

Non-GAAP gross margin

34.7 %

33.5 %

Non-GAAP operating income

$ 487

$ 378

Non-GAAP operating margin

29.2 %

26.6 %

Other

Q2 FY2026

Q2 FY2025

(in millions)

Revenue

$ 280

$ 279

Cost of products sold and expenses

(336)

(258)

Operating income (loss)

$ (56)

$ 21

Applied provides investors with certain non-GAAP financial measures, which are adjusted for the impact of certain costs, expenses, gains and losses, including, as applicable, certain items related to mergers and acquisitions; restructuring and severance charges and any associated adjustments; legal settlement charges; impairments of assets; gain or loss, dividends and impairments on strategic investments; certain income tax items; and other discrete adjustments. On a non-GAAP basis, the tax effect related to share-based compensation is recognized ratably over the fiscal year. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included in this release.

Management uses these non-GAAP financial measures to evaluate the company's operating and financial performance and for planning purposes, and as performance measures in its executive compensation program. Applied believes these measures enhance an overall understanding of its performance and investors' ability to review the company's business from the same perspective as the company's management, and facilitate comparisons of this period's results with prior periods on a consistent basis by excluding items that management does not believe are indicative of Applied's ongoing operating performance. There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles, may be different from non-GAAP financial measures used by other companies, and may exclude certain items that may have a material impact upon our reported financial results. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP.

Applied Materials will discuss these results during an earnings call that begins at 1:30 p.m. Pacific Time today. A live webcast and related slide presentation will be available at https://ir.appliedmaterials.com. A replay will be available on the website beginning at 5:00 p.m. Pacific Time today.

This press release contains forward-looking statements, including those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, technology transitions, our business and financial performance and market share positions, our capital allocation and cash deployment strategies, our investment and growth strategies, our development of new products and technologies, the plans and expectations for the EPIC Center, legal matters, our business outlook for the third quarter of fiscal 2026 and beyond, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the level of demand for our products; global economic, political and industry conditions, including changes in interest rates and prices for goods and services; global trade issues, changes in trade and export regulations, license requirements, and their interpretation, and our ability to obtain licenses or authorizations on a timely basis, if at all; changes in tariffs, any retaliatory measures, and our ability to mitigate the impact of tariffs; the effects of geopolitical turmoil or conflicts; demand for semiconductor chips and electronic devices; customers' technology and capacity requirements; the introduction of new and innovative technologies, and the timing of technology transitions; our ability to develop, deliver and support new products and technologies; our ability to meet customer demand, and our suppliers' ability to meet our demand requirements; the concentrated nature of our customer base; our ability to expand our current markets, increase market share and develop new markets; market acceptance of existing and newly developed products; our ability to obtain and protect intellectual property rights in key technologies; cybersecurity incidents affecting us or our suppliers, customers or vendors; our ability to achieve the objectives of operational and strategic initiatives, align our resources and cost structure with business conditions, and attract, motivate and retain key employees; acquisitions, investments and divestitures; changes in income tax laws; the variability of operating expenses and results among products and segments, and our ability to accurately forecast future results, market conditions, customer requirements and business needs; our ability to ensure compliance with applicable law, rules and regulations; and other risks and uncertainties described in our filings with the Securities and Exchange Commission, including our most recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management's current estimates, projections and assumptions, and we assume no obligation to update them.

Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at https://www.appliedmaterials.com.

‌APPLIED MATERIALS, INC.

UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

Three Months Ended Six Months Ended

(In millions, except per share amounts)

April 26,

2026

April 27,

2025

April 26,

2026

April 27,

2025

Revenue

$ 7,910

$ 7,100

$ 14,922

$ 14,266

Cost of products sold

3,963

3,615

7,540

7,285

Gross profit

3,947

3,485

7,382

6,981

Operating expenses:

Research, development and engineering

1,027

893

1,955

1,752

Marketing and selling

233

216

455

422

General and administrative

164

207

353

463

Legal settlement

253

Restructuring charges

Total operating expenses

1,424

1,316

3,028

2,637

Income from operations

2,523

2,169

4,354

4,344

Interest expense

138

132

Interest and other income (expense), net

771

221

1,337

229

Income before income taxes

3,225

2,322

5,553

4,441

Provision for income taxes

419

185

721

1,119

Net income

$ 2,806

$ 2,137

$ 4,832

$ 3,322

Earnings per share:

Basic

$ 3.53

$ 2.64

$ 6.09

$ 4.10

Diluted

$ 3.51

$ 2.63

$ 6.05

$ 4.08

Weighted average number of shares:

Basic

794

809

794

811

Diluted

799

812

799

815

‌UNAUDITED CONSOLIDATED CONDENSED BALANCE SHEETS

(In millions)

April 26,

2026

October 26,

2025

ASSETS

Current assets:

Cash and cash equivalents

$ 6,301

$ 7,241

Short-term investments

1,940

1,332

Accounts receivable, net

6,372

5,185

Inventories

6,343

5,915

Other current assets

1,615

1,208

Total current assets

22,571

20,881

Long-term investments

5,142

4,327

Property, plant and equipment, net

5,255

4,610

Goodwill

3,824

3,707

Purchased technology and other intangible assets, net

330

226

Deferred income taxes and other assets

3,164

2,548

Total assets

$ 40,286

$ 36,299

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Short-term debt

$ 1,199

$ 100

Accounts payable and accrued expenses

5,229

5,333

Contract liabilities

2,570

2,566

Total current liabilities

8,998

7,999

Long-term debt

5,256

6,455

Income taxes payable

704

356

Other liabilities

1,419

1,074

Total liabilities

16,377

15,884

Total stockholders' equity

23,909

20,415

Total liabilities and stockholders' equity $ 40,286 $ 36,299

‌UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended Six Months Ended

(In millions)

April 26,

2026

April 27,

2025

April 26,

2026

April 27,

2025

Cash flows from operating activities:

Net income

$ 2,806

$ 2,137

$ 4,832

$ 3,322

Adjustments required to reconcile net income to cash provided by operating activities:

Depreciation and amortization

135

103

262

208

Restructuring charges

(Gain) / loss and impairment on investments

(672)

(76)

(1,138)

Share-based compensation

169

159

376

354

Deferred income taxes

152

672

Other

(33)

(38)

Net change in operating assets and liabilities

(1,750)

(723)

(1,891)

(2,046)

Cash provided by operating activities

845

1,571

2,531

2,496

Cash flows from investing activities:

Capital expenditures

(635)

(510)

(1,281)

(891)

Cash paid for acquisitions, net of cash acquired

(175)

(1)

(175)

(29)

Proceeds from asset sale

Proceeds from sales and maturities of investments

2,091

1,921

3,234

3,144

Purchases of investments

(2,246)

(1,222)

(3,523)

(2,933)

Cash provided by (used in) investing activities

(959)

221

(1,739)

(676)

Cash flows from financing activities:

Proceeds from issuance of commercial paper

100

300

Repayments of commercial paper

(200)

(100)

(400)

(300)

Proceeds from common stock issuances

131

129

131

129

Common stock repurchases

(400)

(1,670)

(737)

(2,988)

Tax withholding payments for vested equity awards

(80)

(35)

(309)

(177)

Payments of dividends to stockholders

(365)

(325)

(730)

(651)

Payments of debt issuance costs

(2)

Cash used in financing activities

(814)

(1,903)

(1,745)

(3,689)

Increase (decrease) in cash, cash equivalents and restricted cash equivalents

(928)

(111)

(953)

(1,869)

Cash, cash equivalents and restricted cash equivalents-beginning of period

7,287

6,355

7,312

8,113

Cash, cash equivalents and restricted cash equivalents - end of period

$ 6,359 $ 6,244 $ 6,359

6,244

Reconciliation of cash, cash equivalents, and restricted cash equivalents

Cash and cash equivalents

$ 6,301 $

6,169 $

6,301

$ 6,169

Restricted cash equivalents included in deferred income taxes and other assets

Total cash, cash equivalents, and restricted cash equivalents

$ 6,359 $ 6,244 $ 6,359

6,244

Supplemental cash flow information:

Cash payments for income taxes

$ 538

$ 763

$ 650

$ 833

Cash refunds from income taxes

$ 13

$ 5

$ 16

$ 75

Cash payments for interest

$ 54

$ 68

$ 119

$ 120

Q2 FY2026

Q2 FY2025

Revenue by Geography (In millions)

United States

941

808

% of Total

12 %

11 %

Europe

347

252

% of Total

4 %

Japan

623

572

% of Total

8 %

Korea

1,572

1,562

% of Total

20 %

22 %

Taiwan

2,155

1,997

% of Total

27 %

28 %

Southeast Asia

185

135

% of Total

2 %

China

2,087

1,774

% of Total

27 %

25 %

Employees (In thousands)

Regular Full Time

36.4

36.0

Three Months Ended Six Months Ended

April 26,

April 27,

April 26,

April 27,

(In millions, except percentages)

2026

2025

2026

2025

Non-GAAP Gross Profit

GAAP reported gross profit

$ 3,947

$ 3,485

$ 7,382

$ 6,981

Certain items associated with acquisitions1

Non-GAAP gross profit

$ 3,953

$ 3,491

$ 7,395

$ 6,994

Non-GAAP gross margin

50.0 %

49.2 %

49.6 %

49.0 %

Non-GAAP Operating Income

GAAP reported operating income

$ 2,523

$ 2,169

$ 4,354

$ 4,344

Certain items associated with acquisitions1

Acquisition integration and deal costs

Legal settlement2

253

Restructuring charges3

Non-GAAP operating income

$ 2,536

$ 2,180

$ 4,643

$ 4,370

Non-GAAP operating margin

32.1 %

30.7 %

31.1 %

30.6 %

Non-GAAP Net Income

GAAP reported net income

$ 2,806

$ 2,137

$ 4,832

$ 3,322

Certain items associated with acquisitions1

Acquisition integration and deal costs

Legal settlement2

253

Restructuring charges3

Realized loss (gain), dividends and impairments on strategic investments, net

(18)

(27)

Unrealized loss (gain) on strategic investments, net

(685)

(80)

(1,169)

Foreign exchange loss (gain) related to purchase of strategic investment

Loss (gain) on asset sale

(44)

Income tax effect of share-based compensation4

(14)

(6)

Income tax effects related to intra-entity intangible asset transfers5

706

Resolution of prior years' income tax filings and other tax items

(124)

(140)

Income tax effect of non-GAAP adjustments6

(1)

106

Non-GAAP net income

$ 2,286

$ 1,940

$ 4,185

$ 3,886

These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets.

Charge of $253 million for settlement with the U.S. Commerce Department Bureau of Industry and Security to resolve a previously disclosed export controls compliance matter.

The restructuring charges related to a workforce reduction plan announced in the fourth quarter of fiscal 2025.

GAAP basis tax benefit related to share-based compensation is recognized ratably over the fiscal year on a non-GAAP basis.

Amount for the six months ended April 27, 2025, included changes to the income tax provision of $62 million from amortization of intangibles and a $644 million remeasurement of deferred tax assets resulting from new tax incentive agreements in Singapore in the first quarter of fiscal 2025.

Adjustment to provision for income taxes related to non-GAAP adjustments reflected in income before income taxes.

Three Months Ended Six Months Ended

(In millions, except per share amounts)

April 26,

2026

April 27,

2025

April 26,

2026

April 27,

2025

Non-GAAP Earnings Per Diluted Share

GAAP reported earnings per diluted share

$ 3.51

$ 2.63

$ 6.05

$ 4.08

Certain items associated with acquisitions

0.01

0.03

0.02

Legal settlement

0.32

Restructuring charges

0.01

Realized loss (gain), dividends and impairments on strategic investments, net

0.08

(0.02)

0.09

(0.03)

Unrealized loss (gain) on strategic investments, net

(0.80)

(0.10)

(1.38)

0.03

Foreign exchange loss (gain) related to purchase of strategic investment

0.03

Loss (gain) on asset sale

(0.05)

Income tax effect of share-based compensation

0.01

(0.02)

(0.01)

Income tax effects related to intra-entity intangible asset transfers1

0.04

0.08

0.87

Resolution of prior years' income tax filings and other tax items

0.01

(0.15)

0.06

(0.17)

Non-GAAP earnings per diluted share

$ 2.86

$ 2.39

$ 5.24

$ 4.77

Weighted average number of diluted shares

799

812

799

815

Amount for the six months ended April 27, 2025, included changes to the income tax provision of $0.08 per diluted share from amortization of intangibles and $0.79 per diluted share from a remeasurement of deferred tax assets resulting from new tax incentive agreements in Singapore in the first quarter of fiscal 2025.

‌APPLIED MATERIALS, INC.

UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS

Three Months Ended Six Months Ended

(In millions, except percentages)

April 26,

2026

April 27,

2025

April 26,

2026

April 27,

2025

Semiconductor Systems Non-GAAP Gross Profit

GAAP reported gross profit

$ 3,264

$ 2,889

$ 6,058

$ 5,875

Certain items associated with acquisitions1

Non-GAAP gross profit

$ 3,270

$ 2,895

$ 6,071

$ 5,888

Non-GAAP gross margin

54.8 %

53.6 %

54.7 %

53.5 %

Applied Global Services Non-GAAP Gross Profit

GAAP reported gross profit

$ 577

$ 476

$ 1,114

$ 913

Non-GAAP gross profit

$ 577

$ 476

$ 1,114

$ 913

Non-GAAP gross margin

34.7 %

33.5 %

34.6 %

32.9 %

Semiconductor Systems Non-GAAP Operating Income

GAAP reported operating income

$ 2,092

$ 1,770

$ 3,519

$ 3,642

Certain items associated with acquisitions1

Acquisition integration and deal costs

Legal settlement2

253

Non-GAAP operating income

$ 2,102

$ 1,781

$ 3,793

$ 3,667

Non-GAAP operating margin

35.2 %

33.0 %

34.2 %

33.3 %

Applied Global Services Non-GAAP Operating Income

GAAP reported operating income

$ 487

$ 378

$ 925

$ 714

Acquisition integration and deal costs

Non-GAAP operating income

$ 487

$ 378

$ 925

$ 715

Non-GAAP operating margin

29.2 %

26.6 %

28.7 %

25.8 %

These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets.

Charge of $253 million for settlement with the U.S. Commerce Department Bureau of Industry and Security to resolve a previously disclosed export controls compliance matter.

Note: The reconciliation of GAAP and non-GAAP segment results above does not include certain revenues, costs of products sold and operating expenses that are reported within other and included in consolidated operating income.

‌APPLIED MATERIALS, INC.

UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP EFFECTIVE INCOME TAX RATE

(In millions, except percentages)

Three Months Ended

April 26, 2026

GAAP provision for income taxes (a)

$ 419

Income tax effect of share-based compensation

(7)

Income tax effects related to intra-entity intangible asset transfers

(32)

Resolutions of prior years' income tax filings and other tax items

(9)

Income tax effect of non-GAAP adjustments

(89)

Non-GAAP provision for income taxes (b)

$ 282

GAAP income before income taxes (c)

$ 3,225

Certain items associated with acquisitions

Acquisition integration and deal costs

Realized loss (gain), dividends and impairments on strategic investments, net

Unrealized loss (gain) on strategic investments, net

(685)

Non-GAAP income before income taxes (d)

$ 2,568

GAAP effective income tax rate (a/c)

13.0 %

Non-GAAP effective income tax rate (b/d)

11.0 %

‌UNAUDITED RECONCILIATION OF NON-GAAP FREE CASH FLOW

Three Months Ended Six Months Ended

(In millions)

April 26,

2026

April 27,

2025

April 26,

2026

April 27,

2025

Cash provided by operating activities

$ 845

$ 1,571

$ 2,531

$ 2,496

Capital expenditures

(635)

(510)

(1,281)

(891)

Non-GAAP free cash flow

$ 210

$ 1,061

$ 1,250

$ 1,605

Disclaimer

Applied Materials Inc. published this content on May 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 14, 2026 at 20:09 UTC.