Applied Materials said cash provided by operating activities in fiscal 2025 was $8.0 billion, which was lower than the prior year primarily due to higher payments for income taxes and inventory. Working capital as of October 26, 2025 was $12.9 billion.

10-KAnnual reportFiled Dec 12, 2025Period of report Oct 26, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Applied Materials said cash provided by operating activities in fiscal 2025 was $8.0 billion, which was lower than the prior year primarily due to higher payments for income taxes and inventory. Working capital as of October 26, 2025 was $12.9 billion.
The company said it used $6.0 billion of cash in financing activities in fiscal 2025, consisting primarily of repurchases of common stock of $4.9 billion, cash dividends to stockholders of $1.4 billion, and repayment of $700 million senior unsecured notes.
Applied Materials said it approved a workforce reduction plan in Q4 of fiscal 2025 that is expected to impact approximately 4% of its global workforce, recognized $181 million of restructuring charges, and expects to complete the plan in fiscal 2026.
The company cited as factors for its higher effective tax rate in fiscal 2025 compared to the prior year a $659 million remeasurement of deferred tax assets resulting from new tax incentive agreements in Singapore and recognition of a $407 million valuation allowance against deferred tax assets related to corporate alternative minimum tax credits.

Key figures

Fiscal year ended October 26, 2025

Revenue: $28.4B
Operating income: $8.3B
Net income: $7.0B
EPS: $8.66
Gross profit: $13.8B
Operating cash flow: $8.0B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Annual Operating Cash Flow $8.0 billion

Applied Materials said cash provided by operating activities in fiscal 2025 was $8.0 billion, which was lower than the prior year primarily due to higher payments for income taxes and inventory. Working capital as of October 26, 2025 was $12.9 billion.

Source · Based on the MD&A text of the filing

Annual Share Repurchases $4.9 billion and Dividends $1.4 billion

The company said it used $6.0 billion of cash in financing activities in fiscal 2025, consisting primarily of repurchases of common stock of $4.9 billion, cash dividends to stockholders of $1.4 billion, and repayment of $700 million senior unsecured notes.

Source · Based on the MD&A text of the filing

Q4 Restructuring Charges $181 million

Applied Materials said it approved a workforce reduction plan in Q4 of fiscal 2025 that is expected to impact approximately 4% of its global workforce, recognized $181 million of restructuring charges, and expects to complete the plan in fiscal 2026.

Source · Based on the MD&A text of the filing

Higher Effective Tax Rate: Singapore $659 million

The company cited as factors for its higher effective tax rate in fiscal 2025 compared to the prior year a $659 million remeasurement of deferred tax assets resulting from new tax incentive agreements in Singapore and recognition of a $407 million valuation allowance against deferred tax assets related to corporate alternative minimum tax credits.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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