What is Applied Materials's change in inventories?

Applied Materials (AMAT) reported change in inventories of $319M in Q1 2026.

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

Applied Materials's change in inventories increased by 105.8% year-over-year, from $155M to $319M.

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

Over 3 years (2021 to 2025), Applied Materials's change in inventories has grown at a 6.8% compound annual growth rate (CAGR), from $405M to $494M.

What does change in inventories mean?

Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.

Applied Materials AMAT Change in Inventories

Change in Inventories at other companies

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$6.93M-5.2%

KLA CorporationKLAC

$159.14M+41.7%

Lam ResearchLRCX

$45.18M+134%

CVD Equipment Corp.CVV

-$317K-306%

Benchmark ElectronicsBHE

$25.56M+393%

Axcelis TechnologiesACLS

$3.13M-74.7%

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$574.03B+225%

Enterprise value$579.8B+218%

P/E67.5×+41.3×

P/S19.8×+13.5×

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:IncreaseDecreaseInInventories.

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 change in inventories?: Applied Materials (AMAT) reported change in inventories of $319M in Q1 2026.
How has Applied Materials's change in inventories changed year-over-year?: Applied Materials's change in inventories increased by 105.8% year-over-year, from $155M to $319M.
What is the long-term trend for Applied Materials's change in inventories?: Over 3 years (2021 to 2025), Applied Materials's change in inventories has grown at a 6.8% compound annual growth rate (CAGR), from $405M to $494M.
What does change in inventories mean?: Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.