Income StatementBalance SheetCash FlowSegments
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Applied Materials Cash Flow Statement

Operating, investing, and financing cash movements

Applied Materials generated $8.0B in operating cash flow over the trailing twelve months. After $2.7B in capital expenditures, free cash flow was $5.3B. Free cash flow decreased 0.1% year-over-year. Based on the Q2 2026 filing.

Net Cash From Operating (TTM)$8.0BNet Cash From Investing (TTM)-$3.8BNet Cash From Financing (TTM)-$4.0BCapital Expenditures (TTM)$2.7BDepreciation And Amortization Cf (TTM)$489.0MNet Change In Cash (TTM)$2.2B
Latest FilingQ2 2026
Report Date2026-05-21
Market Cap$343.12B
P/E Ratio40.33
ROE39.69%

Investing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Proceeds from non-marketable securities$1.2B$1.9B$793.0M$1.6B$1.1B$2.1B
Acquisitions, net of cash acquired$28.0M$1.0M——$0.0$175.0M
Capital expenditures$381.0M$510.0M$584.0M$785.0M$646.0M$635.0M
Proceeds from other investments$1.2B$1.9B$793.0M$1.6B$1.1B$2.1B
Net cash from investing activities-$897.0M$0.0-$2.0B-$139.0M-$780.0M-$959.0M
Proceeds from sale of businesses$8.3M$8.3M$8.3M$8.3M——
Purchases of investments$1.7B$1.2B$2.2B$945.0M$1.3B$2.2B

Financing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Proceeds from commercial paper notes$200.0M$100.0M$100.0M$103.0M$200.0M$100.0M
Proceeds from Commercial Paper$200.0M$100.0M$100.0M$103.0M$200.0M$100.0M
Net change in commercial paper$200.0M$100.0M$100.0M$102.0M$200.0M$200.0M
Dividends paid$326.0M$325.0M$368.0M$365.0M$365.0M$365.0M
Payments Of Debt Issuance Costs———$1.0M——
Proceeds from Issuance of Commercial Paper$200.0M$100.0M$100.0M$103.0M$200.0M$100.0M
Repayment of commercial paper$200.0M$100.0M$100.0M$102.0M$200.0M$200.0M
Net cash from financing activities-$1.8B-$1.9B-$1.5B-$831.0M-$931.0M-$814.0M
Payment of debt issuance costs———$1.0M——
Proceeds from issuance of common stock———$132.0M——
Repurchases of common stock$1.3B$1.7B$1.1B$851.0M$337.0M$400.0M
Taxes paid for net share settlement$142.0M$35.0M$33.0M$38.0M$229.0M$80.0M

Supplemental

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Income Tax Refunds Received$70.0M$5.0M$4.0M$11.0M$3.0M$13.0M
Income taxes paid$70.0M$763.0M$436.0M$235.0M$112.0M$538.0M
Interest paid$52.0M$68.0M$51.0M$68.0M$65.0M$54.0M

Operating

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Restructuring Charges$0.0$0.0——$12.0M—
Change in accounts payable-$429.0M$337.0M$227.0M$172.0M-$760.0M—
Change in accounts receivable$764.0M$189.0M-$415.0M-$587.0M-$208.0M$1.4B
Change in deferred revenue-$397.0M—-$21.0M—-$94.0M—
Change in income taxes payable/receivable$200.0M-$573.0M$76.0M$547.0M$481.0M—
Change in inventories$80.0M$155.0M$151.0M$108.0M$82.0M$319.0M
Change in other assets-$115.0M$145.0M$6.0M$83.0M$154.0M$240.0M
Change in other liabilities$32.0M-$37.0M$48.0M$47.0M$7.0M-$16.0M
Other working capital changes-$5.0M-$33.0M-$260.0M$329.0M-$1.0M$5.0M
Deferred income taxes-$668.0M-$4.0M-$280.0M—$78.0M-$152.0M
Depreciation and amortization$105.0M$103.0M$113.0M$114.0M$127.0M$135.0M
Net gains (losses) on investments-$100.0M———$466.0M$672.0M
Repositioning and Other (Gains) Charges$0.0$0.0——$12.0M—
Net cash from operating activities$925.0M$1.6B$2.6B$2.8B$1.7B$845.0M
Net income$1.2B$2.1B$1.8B$1.9B$2.0B$2.8B
Gain (Loss) on Investments-$100.0M———$466.0M$672.0M
Increase (Decrease) in Deferred Income Taxes-$668.0M-$4.0M-$280.0M—$78.0M-$152.0M
Increase (Decrease) in Other Operating Assets-$115.0M$145.0M$6.0M$83.0M$154.0M$240.0M
Repositioning and other charges$0.0$0.0——$12.0M—
Stock-based compensation$195.0M$159.0M$158.0M$156.0M$207.0M$169.0M

Free Cash Flow

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Free cash flow$544.0M$1.1B$2.1B$2.0B$1.0B$210.0M

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Net increase (decrease) in cash-$1.8B-$111.0M-$790.0M—-$25.0M-$928.0M