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 April 26, 2026

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 April 26, 2026: 793,959,430

APPLIED MATERIALS, INC.

FORM 10-Q FOR THE QUARTERLY PERIOD ENDED APRIL 26, 2026

TABLE OF CONTENTS

Page
PART I. FINANCIAL INFORMATION
Item 1:Financial Statements (Unaudited)3
Consolidated Condensed Statements of Operations for the Three and Six Months Ended April 26, 2026 and April 27, 20253
Consolidated Condensed Statements of Comprehensive Income for the Three and Six Months Ended April 26, 2026 and April 27, 20254
Consolidated Condensed Balance Sheets as of April 26, 2026 and October 26, 20255
Consolidated Condensed Statements of Stockholders’ Equity for the Three and Six Months Ended April 26, 2026 and April 27, 20256
Consolidated Condensed Statements of Cash Flows for the Six Months Ended April 26, 2026 and April 27, 20258
Notes to Consolidated Condensed Financial Statements10
Item 2:Management’s Discussion and Analysis of Financial Condition and Results of Operations32
Item 3:Quantitative and Qualitative Disclosures About Market Risk44
Item 4:Controls and Procedures45
PART II. OTHER INFORMATION
Item 1:Legal Proceedings46
Item 1A:Risk Factors47
Item 2:Unregistered Sales of Equity Securities and Use of Proceeds59
Item 3:Defaults Upon Senior Securities59
Item 4:Mine Safety Disclosures59
Item 5:Other Information59
Item 6:Exhibits60
Signatures61

PART I. FINANCIAL INFORMATION

Next: Item 1. Financial Statements