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Applied Materials AMAT Semiconductor Systems — Inventories

Other segment segments

Applied Global Services
$1.85B+2.7%

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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 semiconductor systems — inventories?
Applied Materials (AMAT) reported semiconductor systems — inventories of $4.31B in Q1 2026.
How has Applied Materials's semiconductor systems — inventories changed year-over-year?
Applied Materials's semiconductor systems — inventories increased by 17.5% year-over-year, from $3.67B to $4.31B.
What does semiconductor systems — inventories mean?
This reflects the value of raw materials, work-in-progress, and finished goods held by the Semiconductor Systems segment. It is a key indicator of the segment's ability to manage supply chain lead times and meet the cyclical demand for wafer fabrication equipment. Effective inventory management is crucial in this sector to avoid obsolescence and balance supply with volatile chipmaker demand.