AMAT Applied Materials
FY2025 10-K
Applied Materials (AMAT) filed its fiscal year 2025 10-K annual report with the SEC on Dec 12, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: manufacturing equipment, services, and software for semiconductor, display, and related industries
- • Increased R&D spend to $3.57B in FY2025, up 10.5% YoY, reflecting investment in technology development
Management Discussion & Analysis
- • Revenue $28.37B, up 4% YoY ($1.19B), driven by Semiconductor Systems +4% ($887M) and AGS +3% ($160M)
- • Operating margin 29.2% vs 28.9%, driven by Semiconductor Systems margin 35.5% vs 35.1%, AGS margin down 28.1% vs 29.1%
Risk Factors
- • U.S. export control regulations on semiconductor tech to China, including expanded licensing and "Entity List" restrictions, limiting market access and increasing compliance costs
- • Geopolitical risk from 89% net revenue outside U.S., especially China, Taiwan, and Korea, exposed to trade restrictions, tariffs, and export license delays
Financial SummaryXBRL
Revenue
$28.4B
Net Income
$7.0B
Gross Margin
48.7%
Operating Margin
29.2%
Net Margin
24.7%
ROE
34.3%
Total Assets
$36.3B
EPS (Diluted)
$8.66
Operating Cash Flow
$8.0B
Source: XBRL data from Applied Materials FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Applied Materials
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.