Stock Analysis on Net
Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Applied Materials Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Apr 26, 2026 Jan 25, 2026 Oct 26, 2025 Jul 27, 2025 Apr 27, 2025 Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020
Short-term debt 2.98 0.27 0.28 2.34 2.38 2.40 2.32 0.29 0.31 0.32 0.33 0.65 0.68 0.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.75 3.04
Accounts payable and accrued expenses 12.98 13.76 14.69 13.49 13.99 13.45 14.01 13.04 13.06 12.14 13.98 14.89 14.78 14.20 15.85 15.31 15.95 15.21 16.53 14.04 12.94 12.58 14.04 13.67 12.98 13.00
Contract liabilities 6.38 6.57 7.07 7.22 7.41 7.35 8.28 8.15 8.17 9.98 9.68 11.50 11.59 11.02 11.76 10.81 10.17 9.43 8.04 6.90 7.08 6.75 5.91 6.57 6.12 7.08
Current liabilities 22.34% 20.60% 22.04% 23.04% 23.77% 23.20% 24.61% 21.48% 21.55% 22.44% 23.99% 27.04% 27.06% 25.93% 27.61% 26.12% 26.12% 24.63% 24.57% 20.94% 20.02% 19.33% 19.95% 20.24% 21.84% 23.11%
Long-term debt, net of current portion 13.05 17.14 17.78 15.97 16.24 16.38 15.87 18.30 17.10 17.32 17.77 17.95 18.76 19.52 20.42 20.86 21.43 21.45 21.11 22.27 22.63 23.38 24.37 25.73 28.49 23.85
Income taxes payable 1.75 1.35 0.98 0.96 0.95 2.05 1.95 1.99 2.05 2.69 2.71 2.69 2.83 3.49 3.61 3.65 3.78 4.20 4.22 4.67 4.72 5.19 5.40 5.84 5.67 6.57
Other liabilities 3.52 3.22 2.96 3.01 2.65 2.50 2.35 2.23 2.34 2.29 2.32 2.68 2.79 3.06 2.74 3.24 3.19 2.96 2.68 2.86 2.83 2.87 2.96 2.99 2.63 2.66
Non-current liabilities 18.32% 21.71% 21.72% 19.95% 19.85% 20.93% 20.17% 22.53% 21.49% 22.31% 22.81% 23.32% 24.38% 26.07% 26.76% 27.74% 28.40% 28.61% 28.01% 29.80% 30.18% 31.44% 32.73% 34.56% 36.79% 33.08%
Total liabilities 40.65% 42.31% 43.76% 42.99% 43.62% 44.13% 44.78% 44.01% 43.04% 44.74% 46.80% 50.37% 51.43% 52.00% 54.37% 53.86% 54.52% 53.24% 52.58% 50.73% 50.21% 50.77% 52.68% 54.80% 58.63% 56.19%
Common stock 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.03 0.04 0.04 0.04 0.04 0.04 0.04 0.05
Additional paid-in capital 26.14 27.39 28.47 29.49 29.63 29.13 28.07 28.02 29.17 28.88 29.71 29.31 30.29 30.78 32.15 32.10 32.63 31.97 31.93 33.05 33.31 33.77 35.36 36.63 35.24 38.19
Retained earnings 147.13 151.12 152.14 156.95 155.45 151.51 144.30 143.39 146.71 144.20 142.30 138.07 139.89 140.88 141.78 139.60 138.01 133.03 124.86 125.61 121.43 120.73 121.72 124.12 117.52 126.90
Treasury stock -113.64 -120.55 -124.09 -129.16 -128.30 -124.37 -116.68 -115.01 -118.40 -117.32 -118.13 -117.05 -120.83 -122.85 -127.58 -124.61 -124.11 -117.19 -108.40 -108.24 -103.78 -104.03 -108.46 -114.28 -109.99 -120.38
Accumulated other comprehensive loss -0.31 -0.29 -0.30 -0.30 -0.43 -0.43 -0.49 -0.43 -0.54 -0.53 -0.71 -0.73 -0.81 -0.84 -0.76 -0.99 -1.08 -1.09 -1.01 -1.19 -1.20 -1.27 -1.34 -1.31 -1.44 -0.95
Stockholders’ equity 59.35% 57.69% 56.24% 57.01% 56.38% 55.87% 55.22% 55.99% 56.96% 55.26% 53.20% 49.63% 48.57% 48.00% 45.63% 46.14% 45.48% 46.76% 47.42% 49.27% 49.79% 49.23% 47.32% 45.20% 41.37% 43.81%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-04-26), 10-Q (reporting date: 2026-01-25), 10-K (reporting date: 2025-10-26), 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-Q (reporting date: 2025-01-26), 10-K (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-Q (reporting date: 2024-01-28), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-Q (reporting date: 2020-01-26).

A comprehensive shift in the capital structure is evident over the analyzed period, characterized by a consistent reduction in total liabilities and a corresponding increase in stockholders' equity. Total liabilities declined from 56.19% in January 2020 to 40.65% by April 2026, while stockholders' equity expanded from 43.81% to 59.35%. This transition indicates a strategic move toward a more equity-funded balance sheet and a reduction in overall financial leverage.

Debt and Non-Current Liability Trends
Long-term debt, net of the current portion, exhibits a marked downward trajectory, falling from a peak of 28.49% in April 2020 to 13.05% by April 2026. This reduction is the primary driver behind the decline in non-current liabilities, which dropped from 33.08% to 18.32%. Short-term debt remained negligible for the majority of the period, typically staying below 1%, though intermittent spikes occurred, most notably reaching 2.98% in April 2026.
Current Liability Dynamics
Current liabilities remained relatively stable, fluctuating between 19% and 27%. Accounts payable and accrued expenses showed minimal volatility, generally oscillating between 12% and 16%. Contract liabilities experienced a period of growth, rising from 7.08% in January 2020 to a peak of 11.76% in October 2022, before retreating to 6.38% by April 2026. Additionally, income taxes payable saw a steady decline from 6.57% to 1.75%.
Equity Component Analysis
The equity structure is defined by significant offsetting values. Retained earnings showed a strong upward trend, increasing from 126.90% in January 2020 to a peak of 156.95% in July 2025, before ending at 147.13%. This growth was partially offset by substantial negative treasury stock values, which fluctuated between -103.78% and -129.16%, signaling an aggressive and sustained program of share repurchases. Additional paid-in capital gradually declined from 38.19% to 26.14% over the period.

The overall financial profile suggests a strengthening of the solvency position. The systematic reduction of long-term debt and the accumulation of retained earnings, despite heavy treasury stock expenditures, point to a high capacity for internal funding and a diminished reliance on external borrowing.

AI Ask an analyst for more