What is Applied Materials's deferred taxes?

Applied Materials (AMAT) reported deferred taxes of -$152M in Q1 2026.

How has Applied Materials's deferred taxes changed year-over-year?

Applied Materials's deferred taxes decreased by 3700.0% year-over-year, from -$4M to -$152M.

What is the long-term trend for Applied Materials's deferred taxes?

Over 2 years (2021 to 2024), Applied Materials's deferred taxes has grown at a 174.5% compound annual growth rate (CAGR), from -$84M to $633M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Applied Materials AMAT Deferred Taxes

Deferred Taxes at other companies

Veeco InstrumentsVECO

-$1.09M-169%

KLA CorporationKLAC

-$31.73M+54.0%

Onto InnovationONTO

$14K+100%

Lam ResearchLRCX

-$19.48M+2.6%

Benchmark ElectronicsBHE

-$668K+58.1%

Axcelis TechnologiesACLS

-$658K+37.7%

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+290%

Enterprise value$579.8B+280%

P/E67.5×+45.7×

P/S19.8×+14.5×

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:IncreaseDecreaseInDeferredIncomeTaxes.

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 deferred taxes?: Applied Materials (AMAT) reported deferred taxes of -$152M in Q1 2026.
How has Applied Materials's deferred taxes changed year-over-year?: Applied Materials's deferred taxes decreased by 3700.0% year-over-year, from -$4M to -$152M.
What is the long-term trend for Applied Materials's deferred taxes?: Over 2 years (2021 to 2024), Applied Materials's deferred taxes has grown at a 174.5% compound annual growth rate (CAGR), from -$84M to $633M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.