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Applied Materials AMAT Free cash flow

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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%

Valuation

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Market cap$530.36B+290%
Enterprise value$536.14B+280%
P/E62.3×+42.2×
P/S18.3×+13.4×

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

Calculated from Applied Materials’s reported figures.

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 free cash flow?
Applied Materials (AMAT) reported free cash flow of $210M in Q1 2026.
How has Applied Materials's free cash flow changed year-over-year?
Applied Materials's free cash flow decreased by 80.2% year-over-year, from $1.06B to $210M.
What is the long-term trend for Applied Materials's free cash flow?
Over 4 years (2021 to 2025), Applied Materials's free cash flow has grown at a 4.5% compound annual growth rate (CAGR), from $4.77B to $5.7B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.