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Applied Materials Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Applied Materials holds $37.6B in total assets. Shareholders' equity is $21.7B against $7.3B in total debt. Cash and equivalents total $1.5B. The current ratio is 2.71 and debt-to-equity is 0.336. Based on the Q1 2026 filing.

Total Assets$37.6BTotal Stockholders Equity$21.7BLong Term Debt$6.5BCash And Equivalents$1.5BTotal Current Assets$21.0BTotal Current Liabilities$7.8B
Latest FilingQ1 2026
Report Date2026-02-19
Market Cap$328.21B
P/E Ratio41.87
ROE38.86%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$1.6B$1.7B$1.8B$1.8B$2.0B$1.9B
Accounts Payable and Accrued Liabilities, Current$4.8B$4.5B$4.7B$4.6B$5.3B$5.2B
Accrued expenses$749.0M$709.0M$930.0M$762.0M$787.0M$986.0M
Accrued Manufacturing Costs$1.2B$636.0M$844.0M$1.1B$1.2B$727.0M
Contract liabilities$2.8B$2.5B$2.5B$2.5B$2.6B$2.5B
Accounts payable and other current liabilities (Note 11)$4.8B$4.5B$4.7B$4.6B$5.3B$5.2B
Accrued Income Taxes, Current$535.0M$635.0M$309.0M$157.0M$380.0M$710.0M
Compensation and benefits$1.2B$636.0M$844.0M$1.1B$1.2B$727.0M
Current portion of accrued product warranty$364.0M$362.0M$370.0M$363.0M$346.0M$329.0M
Current portion of long-term debt$799.0M$799.0M$799.0M$799.0M$100.0M$100.0M
Debt Maturity - Within One Year—$1.9B$512.0M$1.6B—$1.2B
Deferred revenue$2.8B$2.5B$2.5B$2.5B$2.6B$2.5B
Device Payment Plan Trade-in Liability$2.8B$2.5B$2.5B$2.5B$2.6B$2.5B
Dividends payable$327.0M$325.0M$369.0M$366.0M$365.0M$365.0M
Guarantor Obligations (Current)—$292.0M$296.0M$294.0M—$291.0M
Income taxes payable$535.0M$635.0M$309.0M$157.0M$380.0M$710.0M
Operating lease liabilities, current$87.0M$81.0M$81.0M$88.0M$91.0M$101.0M
Restructuring Reserve————$165.0M$39.0M
Short-term borrowings$799.0M$799.0M$799.0M$799.0M$100.0M$100.0M
Standard Product Warranty Accrual$364.0M$362.0M$370.0M$363.0M$346.0M$329.0M
Total current liabilities$8.5B$7.7B$8.0B$7.9B$8.0B$7.8B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$5.2B$6.0B$6.2B$5.8B$5.2B$5.0B
Available-for-Sale Debt Securities - Amortized Cost—$1.4B$2.3B$2.4B—$2.2B
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)—$1.9B$512.0M$1.6B—$1.2B
Cash and cash equivalents$1.3B$1.3B$1.4B$1.4B$1.4B$1.5B
Cash, Cash Equivalents, and Investments - Estimated Fair Value$12.3B$10.9B$10.4B$11.1B$12.9B$13.5B
Cash, Cash Equivalents, and Marketable Securities (Cost)$12.0B$10.8B$10.2B$10.6B$12.0B$12.2B
Cash, Cash Equivalents, and Marketable Securities$12.3B$10.9B$10.4B$11.1B$12.9B$13.5B
Finished goods$1.1B$1.0B$1.1B$1.1B$1.2B$1.2B
Other current assets$1.1B$982.0M$1.1B$1.1B$1.2B$1.6B
Trading assets—$1.9B$512.0M$1.6B—$1.2B
Income taxes receivable$120.0M$54.0M$55.0M$56.0M$148.0M$548.0M
Finished goods$1.1B$1.0B$1.1B$1.1B$1.2B$1.2B
Raw materials$1.7B$1.8B$1.9B$2.0B$2.0B$2.0B
Work in process$879.0M$935.0M$909.0M$925.0M$914.0M$951.0M
Inventories$5.4B$5.5B$5.7B$5.8B$5.9B$6.0B
Other Inventory, Net$459.0M$443.0M$485.0M$520.0M$474.0M$461.0M
Prepaid expenses and other current assets$974.0M$928.0M$1.1B$1.1B$1.1B$1.0B
Restricted cash—$91.0M$75.0M$70.0M—$69.0M
Short-term investments$1.4B$1.9B$578.0M$1.6B$1.3B$1.3B
Total current assets$21.2B$20.7B$19.7B$19.7B$20.9B$21.0B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$9.7B$9.7B$10.0B$10.1B$10.3B$10.3B
Available-for-Sale Debt Securities - Accumulated Gross Unrealized Gain (Before Tax)$252.0M$147.0M$248.0M$546.0M$916.0M$1.4B
Available-for-Sale Debt Securities - Accumulated Gross Unrealized Loss (Before Tax)$38.0M$41.0M$53.0M$44.0M$50.0M$69.0M
Accumulated other comprehensive income (loss)-$168.0M-$143.0M-$144.0M-$102.0M-$110.0M-$110.0M
Common stock$8.0M$8.0M$8.0M$8.0M$8.0M$8.0M
Additional paid-in capital$9.7B$9.7B$10.0B$10.1B$10.3B$10.3B
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0———$0.0—
Investments - Accumulated Gross Unrealized Gain————$916.0M$1.4B
Investments - Accumulated Gross Unrealized Loss————$50.0M$69.0M
Preferred stock$0.0———$0.0—
Retained earnings$49.7B$50.5B$52.3B$53.7B$55.2B$56.9B
Share Repurchase Authorization Limit—$7.6B$15.9B$14.8B—$13.6B
Share Repurchase Program - Amount Remaining—$7.6B$15.9B$14.8B—$13.6B
Total Equity Investments - Gross Unrealized Gains$243.0M$141.0M$238.0M$536.0M$898.0M$1.4B
Total Equity Investments - Gross Unrealized Losses$27.0M$30.0M$47.0M$40.0M$48.0M$67.0M
Total liabilities and stockholders' equity$34.4B$33.3B$33.6B$34.2B$36.3B$37.6B
Total stockholders' equity$19.0B$18.6B$19.0B$19.5B$20.4B$21.7B
Treasury stock$40.2B$41.5B$43.1B$44.2B$45.0B$45.4B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Available-for-Sale Debt Securities - Amortized Cost (1-5 Years)—$1.2B$1.2B$1.3B—$1.5B
Available-for-Sale Debt Securities - Fair Value (Maturing 1 to 5 Years)—$1.2B$1.2B$1.3B—$1.5B
Available-for-Sale Debt Securities - Fair Value (No Single Maturity Date)—$1.6B$2.5B$2.9B—$3.5B
Capitalized Contract Costs, Net$217.0M$307.0M$284.0M$197.0M$229.0M$278.0M
Deferred tax assets$2.4B$1.7B$1.7B$1.3B$1.2B$1.2B
Deferred Tax Assets and Other Non-Current Assets$3.1B$2.4B$2.5B$2.3B$2.5B$2.8B
Equity method investments$2.8B$2.7B$3.6B$4.1B$4.3B$5.0B
Equity Securities (FV-NI and No Readily Determinable FV) - Cost$1.0B$911.0M$1.9B$2.2B$2.5B$2.9B
Available-for-sale securities$1.0B$1.2B$1.2B$1.3B$2.5B$1.5B
Total investment securities—$4.6B$4.2B$5.8B$5.7B$6.3B
Goodwill$3.7B$3.8B$3.7B$3.7B$3.7B$3.7B
Government Assistance Asset, Non-Current—————$975.0M
Intangible assets, net$249.0M$237.0M$249.0M$238.0M$226.0M$215.0M
Investments - Cost Basis————$4.8B$4.9B
Net Investment in Lease$375.0M$359.0M$434.0M$519.0M$509.0M$649.0M
Deferred tax assets$2.4B$1.7B$1.7B$1.3B$1.2B$1.2B
Other intangible assets—net$249.0M$237.0M$249.0M$238.0M$226.0M$215.0M
Investments$2.8B$2.7B$3.6B$4.1B$4.3B$5.0B
Operating lease right-of-use assets$375.0M$359.0M$434.0M$519.0M$509.0M$649.0M
Other non-current assets$314.0M$312.0M$300.0M$443.0M$806.0M$929.0M
Property, plant and equipment at cost$7.1B$7.4B$7.7B$8.1B$8.5B$9.0B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$1.4B$1.9B$578.0M$1.6B$1.3B$1.3B
Operating lease right-of-use assets$375.0M$359.0M$434.0M$519.0M$509.0M$649.0M
Operating Lease Right-of-Use Assets in Other Assets$375.0M$359.0M$434.0M$519.0M$509.0M$649.0M
Other non-current assets$314.0M$312.0M$300.0M$443.0M$806.0M$929.0M
Accumulated depreciation$3.8B$3.8B$3.9B$4.0B$3.9B$4.0B
Property and equipment, net$3.3B$3.6B$3.8B$4.1B$4.6B$4.9B
Restricted Cash Equivalents in Other Assets—$91.0M$75.0M$70.0M—$69.0M
Software and Technology Licenses, Net$314.0M$312.0M$300.0M$443.0M$806.0M$929.0M
Total assets$34.4B$33.3B$33.6B$34.2B$36.3B$37.6B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$7.1B$7.4B$7.7B$8.1B$8.5B$9.0B
Guarantor Obligations - Maximum Exposure—$307.0M$345.0M$376.0M—$341.0M
Indemnification Liability Maximum Exposure—$307.0M$345.0M$376.0M—$341.0M
Income taxes payable – long-term$670.0M$684.0M$321.0M$330.0M$356.0M$507.0M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10—$3.0M$3.0M$3.0M—$5.0M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10—$3.0M$3.0M$3.0M—$5.0M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five—$1.2B$1.2B$1.3B—$1.5B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five—$1.2B$1.2B$1.3B—$1.5B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One—$1.9B$512.0M$1.6B—$1.2B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One—$1.9B$512.0M$1.6B—$1.2B
Contract with Customer, Asset, after Allowance for Credit Loss$269.0M$287.0M$371.0M$306.0M$281.0M$214.0M
Contract with Customer, Liability$2.8B$2.5B$2.5B$2.5B$2.6B$2.5B
Government assistance, asset, current—————$302.0M
Government assistance, asset, noncurrent—————$673.0M
Value of financial guarantee (up to)—$307.0M$345.0M$376.0M—$341.0M
Tax receivable within other current assets$120.0M$54.0M$55.0M$56.0M$148.0M$548.0M
Investments Fair Value Disclosure—$4.6B$4.2B$5.8B$5.7B$6.3B
Other accrued liabilities$749.0M$709.0M$930.0M$762.0M$787.0M$986.0M
Other$409.0M$444.0M$422.0M$467.0M$519.0M$539.0M
Severance accrual, current————$165.0M$39.0M
Share Repurchase Program, Remaining Authorized, Amount—$7.6B$15.9B$14.8B—$13.6B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Maturity - 5 to 10 Years—$3.0M$3.0M$3.0M—$5.0M
Long-term debt$5.5B$5.5B$5.5B$5.5B$6.5B$6.5B
Retirement and nonpension postretirement benefit obligations$142.0M$141.0M$142.0M$152.0M$151.0M$139.0M
Operating lease liabilities, non-current$259.0M$247.0M$328.0M$412.0M$404.0M$536.0M
Other non-current liabilities$810.0M$832.0M$892.0M$1.0B$1.1B$1.2B
Pension and Postretirement Benefit Liabilities$142.0M$141.0M$142.0M$152.0M$151.0M$139.0M
Total liabilities$15.4B$14.7B$14.7B$14.7B$15.9B$15.9B
Underfunded Retirement Plans$142.0M$141.0M$142.0M$152.0M$151.0M$139.0M