Applied Materials Inc

Company facts

Industry

Semiconductors & Related Devices

Headquarters

Santa Clara, California

Most recent report

8-K, filed Aug 27, 2026

Incorporated

District of Columbia

Filings on record

1,001+ filings

On EDGAR

CIK 6951

Fiscal year ends

October

Filer status

Large accelerated filer

What to read: Jul 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 0 positive, 9 notable, and 4 negative flags.

• Financial Statements (Item 1)

  Core financial statements and notes with all key operating and cash flow results.
  Negative

  • Paid $253M settlement to BIS for export-control violations, recorded in Q2 2026.
  • Two customers accounted for 20% and 14% of nine-month revenue, a concentration risk.

• Management's Discussion (Item 2)

  Core financial data with strong revenue growth, margin expansion, and key one-time items.
  Notable

  • Moved 200mm equipment business from AGS to Semiconductor Systems segment effective Q1 2026.
  • Effective tax rate fell to 12.7% from 30.6% driven by valuation allowance on CAMT credits.
  • Board authorized $10B buyback in March 2025; $12.8B remained as of July 26, 2026.
  • OBBBA raises CHIPS Act credit from 25% to 35%; recorded $1.2B of credits so far.
  • Global minimum tax in Singapore expected to materially increase foreign taxes starting Q1 2026.
  Negative

  • Recorded $253M charge for export controls settlement in first nine months.

• Risk Factors (Item 1A)

  BIS settlement, tax changes, and revenue concentration are real company-specific risks.
  Notable

  • 85% of Q3 2026 revenue from outside US, down from 88% in Q2 2026.
  • New risk added: use of AI agents may disrupt operations or lose IP.
  • Singapore conditional reduced tax rates expire beginning in fiscal 2030.
  • $6.5B notes outstanding; $4.0B credit facilities (down $100M from prior) with no draws.
  Negative

  • Global minimum tax laws materially increased foreign taxes starting Q1 2026.

What changed: Jul 2026 vs. Apr 2026

About 1% of AMAT's Jul 2026 10-Q is new information. 5 paragraphs were added, 176 changed, and 14 removed. Below are the most important lines SECSift identified.

• Item 1 50
• Item 1A 44
• Item 2 33
• Item 3 3
• Item 6 2
• Item 4 1
• Item 5 1