What is Applied Materials's work in process?

Applied Materials (AMAT) reported work in process of $1.11B in Q1 2026.

How has Applied Materials's work in process changed year-over-year?

Applied Materials's work in process increased by 22.0% year-over-year, from $909M to $1.11B.

What is the long-term trend for Applied Materials's work in process?

Over 5 years (2020 to 2025), Applied Materials's work in process has grown at a 7.9% compound annual growth rate (CAGR), from $624M to $914M.

Current Assets

Work in process

Applied Materials Work in process increased by 16.6% to $1.11B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 22.0%, from $909M to $1.11B. Over 5 years (FY 2020 to FY 2025), Work in process shows an upward trend with a 7.9% CAGR.

Analysis

StatementBalance Sheet Statement

SectionCurrent Assets

First reportedQ4 2015

Last reportedQ2 2026May 21, 2026

Parent metricInventories

Metric ID: inv_work_in_progress

Historical Data

21 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Value	$737M	$846M	$873M	$974M	$1.02B	$1.09B	$1.03B	$1.09B	$1.06B	$989M	$997M	$931M	$901M	$945M	$879M	$935M	$909M	$925M	$914M	$951M	$1.11B
QoQ Change	—	+14.8%	+3.2%	+11.6%	+4.6%	+7.0%	-5.6%	+6.3%	-2.7%	-7.0%	+0.8%	-6.6%	-3.2%	+4.9%	-7.0%	+6.4%	-2.8%	+1.8%	-1.2%	+4.0%	+16.6%
YoY Change	—	—	—	—	+38.3%	+28.8%	+17.9%	+12.3%	+4.4%	-9.3%	-3.1%	-14.9%	-15.3%	-4.4%	-11.8%	+0.4%	+0.9%	-2.1%	+4.0%	+1.7%	+22.0%
% of Inventories	18.2%	20.5%	20.3%	21.5%	20.3%	19.8%	17.3%	18.1%	17.9%	17.0%	17.4%	16.5%	15.8%	17.0%	16.2%	17.0%	16.1%	15.9%	15.5%	15.9%	17.5%
Share Change	—	+2.4pp	-0.3pp	+1.3pp	-1.2pp	-0.5pp	-2.4pp	+0.7pp	-0.2pp	-0.9pp	+0.4pp	-0.9pp	-0.7pp	+1.1pp	-0.8pp	+0.8pp	-0.9pp	-0.1pp	-0.5pp	+0.4pp	+1.6pp

Range$737M – $1.11B

CAGR+8.5%

Avg YoY Growth+4.1%

Median YoY Growth+0.9%

Current Streak2 quarters growth

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Frequently Asked Questions

What is Applied Materials's work in process?: Applied Materials (AMAT) reported work in process of $1.11B in Q1 2026.
How has Applied Materials's work in process changed year-over-year?: Applied Materials's work in process increased by 22.0% year-over-year, from $909M to $1.11B.
What is the long-term trend for Applied Materials's work in process?: Over 5 years (2020 to 2025), Applied Materials's work in process has grown at a 7.9% compound annual growth rate (CAGR), from $624M to $914M.