Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Applied Materials Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	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
Cash and cash equivalents	7,241)	5,384)	6,169)	6,264)	8,022)	8,288)	7,085)	6,854)	6,132)	6,025)	4,588)	3,547)	1,995)	2,956)	3,331)	5,264)	4,995)	6,066)	6,305)	6,213)	5,351)	4,350)	5,281)	3,424)
Short-term investments	1,332)	1,630)	578)	1,949)	1,449)	815)	472)	638)	737)	510)	510)	500)	586)	592)	591)	473)	464)	444)	460)	410)	387)	406)	423)	536)
Accounts receivable, net	5,185)	5,772)	6,187)	5,998)	5,234)	4,970)	4,778)	4,700)	5,165)	5,230)	5,516)	5,385)	6,068)	4,956)	4,883)	4,405)	4,953)	3,822)	3,375)	3,045)	2,963)	2,806)	2,625)	2,679)
Inventories	5,915)	5,807)	5,656)	5,501)	5,421)	5,568)	5,691)	5,646)	5,725)	5,809)	5,940)	6,054)	5,932)	5,506)	5,009)	4,526)	4,309)	4,117)	4,053)	3,925)	3,904)	3,952)	3,725)	3,472)
Other current assets	1,208)	1,125)	1,118)	982)	1,094)	1,030)	1,239)	1,344)	1,388)	1,305)	1,219)	1,229)	1,344)	1,424)	1,430)	1,039)	1,386)	799)	778)	676)	764)	734)	681)	658)
Current assets	20,881)	19,718)	19,708)	20,694)	21,220)	20,671)	19,265)	19,182)	19,147)	18,879)	17,773)	16,715)	15,925)	15,434)	15,244)	15,707)	16,107)	15,248)	14,971)	14,269)	13,369)	12,248)	12,735)	10,769)
Long-term investments	4,327)	4,133)	3,638)	2,686)	2,787)	2,981)	2,983)	2,910)	2,281)	2,177)	2,024)	2,088)	1,980)	2,047)	2,102)	2,026)	2,055)	1,658)	1,569)	1,601)	1,538)	1,538)	1,678)	1,713)
Property, plant and equipment, net	4,610)	4,124)	3,832)	3,563)	3,339)	3,100)	2,958)	2,826)	2,723)	2,604)	2,559)	2,494)	2,307)	2,194)	2,071)	1,974)	1,934)	1,814)	1,768)	1,638)	1,604)	1,530)	1,534)	1,555)
Goodwill	3,707)	3,748)	3,748)	3,768)	3,732)	3,732)	3,732)	3,732)	3,732)	3,732)	3,711)	3,718)	3,700)	3,713)	3,479)	3,479)	3,479)	3,479)	3,479)	3,479)	3,466)	3,474)	3,426)	3,399)
Purchased technology and other intangible assets, net	226)	238)	249)	237)	249)	262)	273)	283)	294)	305)	328)	332)	339)	337)	85)	94)	104)	116)	127)	140)	153)	157)	132)	142)
Deferred income taxes and other assets	2,548)	2,250)	2,457)	2,390)	3,082)	2,901)	2,738)	2,607)	2,552)	2,713)	2,697)	2,612)	2,475)	2,436)	2,478)	2,148)	2,146)	2,164)	2,171)	2,178)	2,223)	2,224)	2,310)	2,189)
Non-current assets	15,418)	14,493)	13,924)	12,644)	13,189)	12,976)	12,684)	12,358)	11,582)	11,531)	11,319)	11,244)	10,801)	10,727)	10,215)	9,721)	9,718)	9,231)	9,114)	9,036)	8,984)	8,923)	9,080)	8,998)
Total assets	36,299)	34,211)	33,632)	33,338)	34,409)	33,647)	31,949)	31,540)	30,729)	30,410)	29,092)	27,959)	26,726)	26,161)	25,459)	25,428)	25,825)	24,479)	24,085)	23,305)	22,353)	21,171)	21,815)	19,767)

Cash and cash equivalents: Cash levels exhibited fluctuations with a general upward trend over the periods analyzed. Notably, substantial increases occurred around early 2024 and late 2025, reaching peaks above 8 billion US dollars. Periodic declines were observed, especially mid-2022 and mid-2025, but these were temporary and followed by recovery.
Short-term investments: Short-term investments remained relatively stable with modest variations until early 2024. From mid-2024 onwards, a pronounced increase occurred, peaking multiple times around mid-2025 before showing minor retracements. This indicates a strategic accumulation or repositioning of liquid investment assets in the later periods.
Accounts receivable, net: Accounts receivable demonstrated a generally upward trend with some volatility. There was a significant rise during the second half of 2020 and into 2021, peaking at nearly 6.2 billion US dollars in mid-2025, indicating potentially higher sales or extended credit terms during these times. However, minor decreases occurred in late 2023 and late 2025.
Inventories: Inventory levels steadily increased from early 2020 through late 2022, reaching a level above 5.9 billion US dollars. After this point, inventories fluctuated slightly but mostly trended downwards in late 2023 and early 2025, suggesting efforts to optimize stock levels or changes in supply chain dynamics.
Other current assets: Other current assets showed a gradual increase especially noticeable around late 2020 and again around late 2021, peaking near 1.4 billion US dollars. Post-2022, these assets fluctuated modestly but maintained a relatively stable range, suggesting consistent management of miscellaneous current asset components.
Current assets: Total current assets displayed a consistent upward trajectory from approximately 10.8 billion US dollars in early 2020 to over 21 billion US dollars by mid-2024. However, a slight decline occurred through 2025, indicating a recalibration or strategic adjustment of short-term liquidity.
Long-term investments: Long-term investments exhibited moderate fluctuations but trended upward over the period. A marked increase began in 2023, with investments growing from roughly 2 billion to over 4.3 billion US dollars by late 2025, highlighting an increased focus on longer horizon investment positioning.
Property, plant and equipment, net: Property, plant, and equipment steadily increased throughout the period, nearly tripling from about 1.5 billion to over 4.6 billion US dollars. This suggests significant ongoing capital expenditures and growth in fixed assets supporting operational capacity expansion.
Goodwill: Goodwill remained mostly stable, fluctuating slightly around 3.7 billion US dollars, with no significant acquisitions or impairments evident from the data. This stability indicates a steady valuation of intangible assets associated with acquisitions.
Purchased technology and other intangible assets, net: There was a declining trend in purchased technology and other intangible assets from early 2020 through 2022, followed by a relatively stable range afterward. This may reflect amortization or write-offs of intangible assets over time.
Deferred income taxes and other assets: These assets remained relatively stable with minor fluctuations around 2.5 billion US dollars. A notable dip occurred in early 2025 but rebounded shortly thereafter, indicating manageable variations in deferred tax positions or other non-current asset valuations.
Non-current assets: Non-current assets overall showed a steady increase from roughly 9 billion to over 15 billion US dollars. Incremental growth occurred consistently, especially in property, plant and equipment and long-term investments, representative of expanding investment in longer-term operational resources.
Total assets: Total assets reflect a progressive increase over the periods examined, moving from about 19.8 billion to 36.3 billion US dollars. This nearly doubled asset base suggests broad company expansion and accumulation of financial and operational assets. Minor setbacks in asset totals occurred intermittently but were generally followed by recovery phases.

Assets: Selected Items

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Current Assets: Selected Items

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Applied Materials Inc. (NASDAQ:AMAT)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data