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Applied Materials AMAT Applied Global Services — Inventories

Other segment segments

Semiconductor Systems
$4.31B+17.5%

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Other financials

Income statement

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Revenue$7.9B+11.4%
Gross profit$3.9B+13.3%
Operating income$2.5B+16.3%
Net income$2.8B+31.3%
EPS (diluted)$3.51+33.5%

Balance sheet

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Cash & equivalents$1.5B+4.0%
Total debt$7.3B+9.0%
Total equity$23.9B+26.1%
Total assets$40.3B+19.8%

Cash flow

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Operating cash flow$845.0M-46.2%
CapEx$635.0M+24.5%
Free cash flow$210.0M-80.2%

Valuation

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Market cap$425.76B+179%
Enterprise value$431.53B+173%
P/E50×+27.4×
P/S14.7×+9.2×

Profitability

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Gross margin49%+0.8pp
Operating margin28.6%-1.1pp
Net margin29.3%+5.3pp
FCF margin18.4%-2.5pp

Returns & leverage

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Return on equity39.7%+3.3pp
Debt / equity0.3×0.0×
Current ratio2.5×0.0×

Where this comes from

Reported directly by Applied Materials in its filing.

Tagged under the XBRL concept us-gaap:InventoryNet.

The official record: Applied Materials’s 10-Q, filed May 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applied Materials's applied global services — inventories?
Applied Materials (AMAT) reported applied global services — inventories of $1.85B in Q1 2026.
How has Applied Materials's applied global services — inventories changed year-over-year?
Applied Materials's applied global services — inventories increased by 2.7% year-over-year, from $1.8B to $1.85B.
What does applied global services — inventories mean?
This reflects the value of spare parts, components, and materials held by the Applied Global Services segment to support the maintenance and repair of the installed base of semiconductor equipment. Maintaining optimal inventory levels is critical to ensuring high equipment uptime for customers while minimizing carrying costs. It serves as a proxy for the segment's ability to respond to service demand and manage supply chain efficiency.