Cover and table of contents

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Cover and table of contents

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 27, 2025

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 000-06920

APPLIED_Impact_Logo_blue-lg.jpg

Applied Materials, Inc.

(Exact name of registrant as specified in its charter)

Delaware94-1655526
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

3050 Bowers Avenue, P.O. Box 58039, Santa Clara, California 95052-8039

(Address of principal executive offices) (Zip Code*)*

Registrant’s telephone number, including area code: (408) 727-5555

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, par value $.01 per shareAMATThe NASDAQ Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

Number of shares outstanding of the issuer’s common stock as of July 27, 2025: 796,642,427

APPLIED MATERIALS, INC.

FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JULY 27, 2025

TABLE OF CONTENTS

Page
PART I. FINANCIAL INFORMATION
Item 1:Financial Statements (Unaudited)3
Consolidated Condensed Statements of Operations for the Three and Nine Months Ended July 27, 2025 and July 28, 20243
Consolidated Condensed Statements of Comprehensive Income for the Three and Nine Months Ended July 27, 2025 and July 28, 20244
Consolidated Condensed Balance Sheets as of July 27, 2025 and October 27, 20245
Consolidated Condensed Statements of Stockholders’ Equity for the Three and Nine Months Ended July 27, 2025 and July 28, 20246
Consolidated Condensed Statements of Cash Flows for the Nine Months Ended July 27, 2025 and July 28, 20248
Notes to Consolidated Condensed Financial Statements9
Item 2:Management’s Discussion and Analysis of Financial Condition and Results of Operations27
Item 3:Quantitative and Qualitative Disclosures About Market Risk39
Item 4:Controls and Procedures40
PART II. OTHER INFORMATION
Item 1:Legal Proceedings41
Item 1A:Risk Factors42
Item 2:Unregistered Sales of Equity Securities and Use of Proceeds57
Item 3:Default Upon Senior Securities57
Item 4:Mine Safety Disclosures57
Item 5:Other Information57
Item 6:Exhibits58
Signatures59

PART I. FINANCIAL INFORMATION

Next: Item 1. Financial Statements