Inventories
Applied Materials Inventories increased by 5.8% to $6.34B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.1%, from $5.66B to $6.34B. Over 5 years (FY 2020 to FY 2025), Inventories shows an upward trend with a 8.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising inventory relative to sales may indicate slowing demand or overproduction, while declining inventory may signal strong sales or supply constraints.
Detailed definition
The aggregate value of all raw materials, work-in-progress, and finished goods held by the company. This metric is a cri...
Peer comparison
Benchmark against inventory turnover ratios of peer healthcare and consumer goods companies.
inventoriesHistorical Data
| 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 | $4.05B | $4.12B | $4.31B | $4.53B | $5.01B | $5.51B | $5.93B | $6.05B | $5.94B | $5.81B | $5.73B | $5.65B | $5.69B | $5.57B | $5.42B | $5.50B | $5.66B | $5.81B | $5.92B | $6.00B | $6.34B |
| QoQ Change | — | +1.6% | +4.7% | +5.0% | +10.7% | +9.9% | +7.7% | +2.1% | -1.9% | -2.2% | -1.4% | -1.4% | +0.8% | -2.2% | -2.6% | +1.5% | +2.8% | +2.7% | +1.9% | +1.4% | +5.8% |
| YoY Change | — | — | — | — | +23.6% | +33.7% | +37.7% | +33.8% | +18.6% | +5.5% | -3.5% | -6.7% | -4.2% | -4.1% | -5.3% | -2.6% | -0.6% | +4.3% | +9.1% | +9.0% | +12.1% |
Business Segments — Semiconductor Systems
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 |
|---|---|---|---|---|
| Semiconductor Systems | $2.59B | $4.00B | $3.43B | $2.99B |
| Applied Global Services | $1.56B | $1.79B | $2.07B | $2.31B |
| Display | — | — | — | $113.00M |
| Display and Adjacent Markets | $153.00M | $129.00M | $200.00M | — |
| Total | $4.31B | $5.93B | $5.73B | $5.42B |
Applied Global Services, Display, Display and Adjacent Markets, Semiconductor Systems were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Semiconductor Systems
| Segment | Q1 '26 | Q2 '26 |
|---|---|---|
| Semiconductor Systems | $4.05B | $4.31B |
| Applied Global Services | $1.83B | $1.85B |
| Total | $6.00B | $6.34B |
Inventories at Other Companies
Frequently Asked Questions
- What is Applied Materials's inventories?
- Applied Materials (AMAT) reported inventories of $6.34B in Q1 2026.
- How has Applied Materials's inventories changed year-over-year?
- Applied Materials's inventories increased by 12.1% year-over-year, from $5.66B to $6.34B.
- What is the long-term trend for Applied Materials's inventories?
- Over 5 years (2020 to 2025), Applied Materials's inventories has grown at a 8.7% compound annual growth rate (CAGR), from $3.90B to $5.92B.
- What does inventories mean?
- The total value of all goods held for production or sale.