What is Applied Materials's change in AP?

Applied Materials (AMAT) reported change in AP of -$760M in Q4 2025.

How has Applied Materials's change in AP changed year-over-year?

Applied Materials's change in AP decreased by 77.2% year-over-year, from -$429M to -$760M.

What is the long-term trend for Applied Materials's change in AP?

Over 2 years (2021 to 2025), Applied Materials's change in AP has grown at a -18.7% compound annual growth rate (CAGR), from $465M to $307M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Applied Materials AMAT Change in AP

Change in AP at other companies

Veeco InstrumentsVECO

$12.52M-42.8%

KLA CorporationKLAC

$93.28M—

Lam ResearchLRCX

$53M+68.3%

CVD Equipment Corp.CVV

$75K-83.9%

Benchmark ElectronicsBHE

$42.32M+74.9%

Axcelis TechnologiesACLS

-$1.14M+95.6%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$845.0M-46.2%

CapEx$635.0M+24.5%

Free cash flow$210.0M-80.2%

Valuation

See full

Market cap$574.03B+225%

Enterprise value$579.8B+218%

P/E67.5×+41.3×

P/S19.8×+13.5×

Profitability

See full

Gross margin49%+0.8pp

Operating margin28.6%-1.1pp

Net margin29.3%+5.3pp

FCF margin18.4%-2.5pp

Returns & leverage

See full

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:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

The official record: Applied Materials’s 10-Q, filed February 19, 2026, on SEC EDGAR. View the filing →

Ask your AI about Applied Materials's change in ap.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Applied Materials's change in AP?: Applied Materials (AMAT) reported change in AP of -$760M in Q4 2025.
How has Applied Materials's change in AP changed year-over-year?: Applied Materials's change in AP decreased by 77.2% year-over-year, from -$429M to -$760M.
What is the long-term trend for Applied Materials's change in AP?: Over 2 years (2021 to 2025), Applied Materials's change in AP has grown at a -18.7% compound annual growth rate (CAGR), from $465M to $307M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.