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 $3.9B to $5.92B.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Applied Materials AMAT Inventories

Inventories at other companies

Veeco InstrumentsVECO

$282.23M+11.1%

KLA CorporationKLAC

$3.44B+8.9%

Lam ResearchLRCX

$4B-10.4%

CVD Equipment Corp.CVV

$306K-85.0%

Benchmark ElectronicsBHE

$507.45M-9.4%

Axcelis TechnologiesACLS

$326.05M+10.2%

Segments

By segment

See full

Semiconductor Systems$4.31B+17.5%

Applied Global Services$1.85B+2.7%

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

See full

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

See full

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$425.76B+179%

Enterprise value$431.53B+173%

P/E50×+27.4×

P/S14.7×+9.2×

Profitability

See full

Gross margin49%+0.8pp

Operating margin28.6%-1.1pp

Net margin29.3%+5.3pp

FCF margin18.4%-2.5pp

Returns & leverage

See full

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:InventoryNet.

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 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 $3.9B to $5.92B.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.