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Applied Materials AMAT Income Taxes Payable

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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%
Free cash flow$210.0M-80.2%

Valuation

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Market cap$428.06B+189%
Enterprise value$433.83B+183%
P/E50.3×+28.7×
P/S14.8×+9.6×

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:AccruedIncomeTaxesCurrent.

The source filing: Applied Materials’s 10-Q, filed May 21, 2026.

Filed
May 21, 2026, 4:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-037227
Line itemApril 26,2026October 26,2025
Compensation and employee benefits9661,221
Warranty326346
Dividends payable421365
Income taxes payable357380
Operating lease liabilities, current11491
Restructuring reserve23165
Other825787
$5,229$5,333

Item 1. Financial Statements (Unaudited)

FAQ

What is Applied Materials's income taxes payable?
Applied Materials (AMAT) reported income taxes payable of $357M in Q1 2026.
How has Applied Materials's income taxes payable changed year-over-year?
Applied Materials's income taxes payable increased by 15.5% year-over-year, from $309M to $357M.
What is the long-term trend for Applied Materials's income taxes payable?
Over 5 years (2020 to 2025), Applied Materials's income taxes payable has grown at a -20.6% compound annual growth rate (CAGR), from $1.21B to $380M.
What does income taxes payable mean?
Current income taxes owed to federal, state, and local tax authorities for the current and prior periods.

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