Contract Assets

Current Assets

Applied Materials Contract Assets decreased by 23.8% to $214.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 25.4%, from $287.00M to $214.00M. Over 5 years (FY 2020 to FY 2025), Contract Assets shows an upward trend with a 13.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalHigher is better
VolatilityModerate
First reportedQ2 2018
Last reportedQ4 2025

How to read this metric

An increase suggests strong project progress or service delivery ahead of billing cycles; a decrease may indicate slower project completion or faster billing.

Detailed definition

This represents the entity's right to consideration in exchange for goods or services that the entity has transferred to...

Peer comparison

Standard for companies with long-term service or construction-type contracts.

Metric ID: contract_assets

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$191.00M$170.00M$201.00M$174.00M$173.00M$161.00M$173.00M$155.00M$185.00M$213.00M$274.00M$340.00M$334.00M$324.00M$269.00M$287.00M$371.00M$306.00M$281.00M$214.00M
QoQ Change-11.0%+18.2%-13.4%-0.6%-6.9%+7.5%-10.4%+19.4%+15.1%+28.6%+24.1%-1.8%-3.0%-17.0%+6.7%+29.3%-17.5%-8.2%-23.8%
YoY Change-9.4%-5.3%-13.9%-10.9%+6.9%+32.3%+58.4%+119.4%+80.5%+52.1%-1.8%-15.6%+11.1%-5.6%+4.5%-25.4%
Range$155.00M$371.00M
CAGR+2.4%
Avg YoY Growth+17.3%
Median YoY Growth+1.3%
Current Streak3 quarters decline

Frequently Asked Questions

What is Applied Materials's contract assets?
Applied Materials (AMAT) reported contract assets of $214.00M in Q1 2026.
How has Applied Materials's contract assets changed year-over-year?
Applied Materials's contract assets decreased by 25.4% year-over-year, from $287.00M to $214.00M.
What is the long-term trend for Applied Materials's contract assets?
Over 5 years (2020 to 2025), Applied Materials's contract assets has grown at a 13.7% compound annual growth rate (CAGR), from $148.00M to $281.00M.
What does contract assets mean?
Revenue earned for work performed but not yet billed to the customer.

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