Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________________________________________

FORM 8-K

____________________________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 16, 2024

____________________________________________________________________

Applied Materials, Inc.

(Exact name of registrant as specified in its charter)

____________________________________________________________________

Delaware

000-06920

94-1655526

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

3050 Bowers Avenue

P.O. Box 58039

Santa Clara, CA 95052-8039

(Address of principal executive offices)

Registrant’s telephone number, including area code: (408) 727-5555

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐						Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐						Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐						Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐						Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Common Stock, par value $.01 per share	AMAT	The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging Growth Company			☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act). ☐

Item 2.02 Results of Operations and Financial Condition.

On May 16, 2024, Applied Materials, Inc. (“Applied Materials”) announced its financial results for its second quarter ended April 28, 2024. A copy of Applied Materials’ press release is attached hereto as Exhibit 99.1.

The information in this Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that section, and shall not be deemed to be incorporated by reference in any filing of Applied Materials under the Securities Act of 1933, as amended, or the Exchange Act, unless expressly incorporated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



Exhibit No.						Description
99.1						Press Release issued by Applied Materials, Inc. dated May 16, 2024
104						Cover Page Interactive Data File (formatted as inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Applied Materials, Inc.
(Registrant)

Date:

May 16, 2024

By:

/s/ Teri A. Little

Teri A. Little

Senior Vice President, Chief Legal Officer
and Corporate Secretary

Exhibit 99.1

APPLIED MATERIALS ANNOUNCES SECOND QUARTER 2024 RESULTS

•Revenue $6.65 billion, flat year over year

•GAAP operating margin 28.8 percent and non-GAAP operating margin 29.0 percent, flat and down 0.1 point year over year, respectively

•GAAP EPS $2.06 and non-GAAP EPS $2.09, up 11 percent and 5 percent year over year, respectively

•Generated $1.39 billion in cash from operations

SANTA CLARA, Calif., May 16, 2024 — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its second quarter ended Apr. 28, 2024.

Second Quarter Results

Applied generated revenue of $6.65 billion. On a GAAP basis, the company reported gross margin of 47.4 percent, operating income of $1.91 billion or 28.8 percent of net revenue, and earnings per share (EPS) of $2.06.

On a non-GAAP basis, the company reported gross margin of 47.5 percent, operating income of $1.93 billion or 29.0 percent of net revenue, and EPS of $2.09.

The company generated $1.39 billion in cash from operations and distributed $1.09 billion to shareholders including $820 million in share repurchases and $266 million in dividends.

“Applied Materials continues to deliver strong performance in 2024, with fiscal second quarter revenue and earnings towards the high end of our guided range,” said Gary Dickerson, President and CEO. “Applied Materials has the most enabling portfolio of materials engineering technologies for chips that underpin tectonic shifts in technology including AI, IoT, electric vehicles and clean energy, which puts us in a great position to grow along with these long-term, secular trends.”

Applied Materials, Inc.

Page 2 of 13

Results Summary



	Q2 FY2024			Q2 FY2023			Change

	(In millions, except per share amounts and percentages)

Net revenue	$	6,646		$	6,630		—

Gross margin	47.4		%	46.7		%	0.7 points

Operating margin	28.8		%	28.8		%	—
Net income	$	1,722		$	1,575		9%
Diluted earnings per share	$	2.06		$	1.86		11%
Non-GAAP Results
Non-GAAP gross margin	47.5		%	46.8		%	0.7 points
Non-GAAP operating margin	29.0		%	29.1		%	(0.1) point
Non-GAAP net income	$	1,744		$	1,692		3%
Non-GAAP diluted EPS	$	2.09		$	2.00		5%
Non-GAAP free cash flow	$	1,135		$	2,037		(44)%

A reconciliation of the GAAP and non-GAAP results is provided in the financial tables included in this release. See also “Use of Non-GAAP Financial Measures” section.

Applied Materials, Inc.

Page 3 of 13

Business Outlook

In the third quarter of fiscal 2024, Applied expects net revenue to be approximately $6.65 billion, plus or minus $400 million. Non-GAAP diluted EPS is expected to be in the range of $1.83 to $2.19.

This outlook for non-GAAP diluted EPS excludes known charges related to completed acquisitions of $0.01 per share and includes the normalized tax benefit of share-based compensation of $0.01 per share and includes a net income tax benefit related to intra-entity intangible asset transfers of $0.02 per share, but does not reflect any items that are unknown at this time, such as any additional charges related to acquisitions or other non-operational or unusual items, as well as other tax-related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty.

Second Quarter Reportable Segment Information

Effective in the first quarter of fiscal 2024, management began including share-based compensation expense in the evaluation of reportable segments' performance. Prior-year numbers have been recast to conform to the current-year presentation.


Semiconductor Systems	Q2 FY2024			Q2 FY2023
	(In millions, except percentages)





Net revenue	$	4,901		$	4,977
Foundry, logic and other	65		%	84		%
DRAM	32		%	11		%
Flash memory	3		%	5		%


Operating income	$	1,701		$	1,715
Operating margin	34.7		%	34.5		%
Non-GAAP Results
Non-GAAP operating income	$	1,711		$	1,725
Non-GAAP operating margin	34.9		%	34.7		%


Applied Global Services	Q2 FY2024			Q2 FY2023
	(In millions, except percentages)

Net revenue	$	1,530		$	1,428

Operating income	$	436		$	384
Operating margin	28.5		%	26.9		%
Non-GAAP Results
Non-GAAP operating income	$	436		$	384
Non-GAAP operating margin	28.5		%	26.9		%


Display and Adjacent Markets	Q2 FY2024			Q2 FY2023
	(In millions, except percentages)

Net revenue	$	179		$	168

Operating income	$	5		$	16
Operating margin	2.8		%	9.5		%
Non-GAAP Results
Non-GAAP operating income	$	5		$	16
Non-GAAP operating margin	2.8		%	9.5		%

Applied Materials, Inc.

Page 4 of 13

Corporate and Other


(In millions)	Q2 FY2024		Q2 FY2023


Unallocated net revenue	$	36	$	57
Unallocated cost of products sold and expenses	(266)		(261)





Total	$	(230)	$	(204)

Use of Non-GAAP Financial Measures

Applied provides investors with certain non-GAAP financial measures, which are adjusted for the impact of certain costs, expenses, gains and losses, including certain items related to mergers and acquisitions; restructuring and severance charges and any associated adjustments; impairments of assets; gain or loss, dividends and impairments on strategic investments; certain income tax items and other discrete adjustments. On a non-GAAP basis, the tax effect related to share-based compensation is recognized ratably over the fiscal year. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included in this release.

Management uses these non-GAAP financial measures to evaluate the company’s operating and financial performance and for planning purposes, and as performance measures in its executive compensation program. Applied believes these measures enhance an overall understanding of its performance and investors’ ability to review the company’s business from the same perspective as the company’s management, and facilitate comparisons of this period’s results with prior periods on a consistent basis by excluding items that management does not believe are indicative of Applied's ongoing operating performance. There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles, may be different from non-GAAP financial measures used by other companies, and may exclude certain items that may have a material impact upon our reported financial results. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP.

Webcast Information

Applied Materials will discuss these results during an earnings call that begins at 1:30 p.m. Pacific Time today. A live webcast and related slide presentation will be available at www.appliedmaterials.com. A replay will be available on the website beginning at 5:00 p.m. Pacific Time today.

Applied Materials, Inc.

Page 5 of 13

Forward-Looking Statement

This press release contains forward-looking statements, including those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, technology transitions, our business and financial performance and market share positions, our capital allocation and cash deployment strategies, our investment and growth strategies, our development of new products and technologies, our business outlook for the third quarter of fiscal 2024 and beyond, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the level of demand for our products; global economic, political and industry conditions, including rising inflation and interest rates; the implementation and interpretation of export regulations and license requirements, and their impact on our ability to export products and provide services to customers and on our results of operations; global trade issues and changes in trade and export license policies; our ability to obtain licenses or authorizations on a timely basis, if at all; the effects of geopolitical turmoil or conflicts; consumer demand for electronic products; the demand for semiconductors; customers’ technology and capacity requirements; the introduction of new and innovative technologies, and the timing of technology transitions; our ability to develop, deliver and support new products and technologies; our ability to meet customer demand, and our suppliers' ability to meet our demand requirements; the concentrated nature of our customer base; our ability to expand our current markets, increase market share and develop new markets; market acceptance of existing and newly developed products; our ability to obtain and protect intellectual property rights in key technologies; our ability to achieve the objectives of operational and strategic initiatives, align our resources and cost structure with business conditions, and attract, motivate and retain key employees; the effects of regional or global health epidemics; acquisitions, investments and divestitures; changes in income tax laws; the variability of operating expenses and results among products and segments, and our ability to accurately forecast future results, market conditions, customer requirements and business needs; our ability to ensure compliance with applicable law, rules and regulations and other risks and uncertainties described in our SEC filings, including our recent Forms 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and we assume no obligation to update them.

About Applied Materials

Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future. Learn more at www.appliedmaterials.com.

Contact:

Ricky Gradwohl (editorial/media) 408.235.4676

Michael Sullivan (financial community) 408.986.7977

Applied Materials, Inc.

Page 6 of 13

APPLIED MATERIALS, INC.

UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS


	Three Months Ended		Six Months Ended
(In millions, except per share amounts)	April 28, 2024		April 30, 2023		April 28, 2024		April 30, 2023
Net revenue	$	6,646	$	6,630	$	13,353	$	13,369
Cost of products sold	3,493		3,536		6,996		7,130
Gross profit	3,153		3,094		6,357		6,239
Operating expenses:
Research, development and engineering	785		775		1,539		1,546
Marketing and selling	209		194		416		391
General and administrative	247		214		523		421




Total operating expenses	1,241		1,183		2,478		2,358
Income from operations	1,912		1,911		3,879		3,881

Interest expense	59		61		118		120
Interest and other income (expense), net	141		(73)		536		(23)
Income before income taxes	1,994		1,777		4,297		3,738
Provision for income taxes	272		202		556		446
Net income	$	1,722	$	1,575	$	3,741	$	3,292
Earnings per share:
Basic	$	2.08	$	1.87	$	4.50	$	3.90
Diluted	$	2.06	$	1.86	$	4.47	$	3.88
Weighted average number of shares:
Basic	830		843		831		844
Diluted	836		847		837		848

Applied Materials, Inc.

Page 7 of 13

APPLIED MATERIALS, INC.

UNAUDITED CONSOLIDATED CONDENSED BALANCE SHEETS


(In millions)	April 28, 2024		October 29, 2023
ASSETS
Current assets:
Cash and cash equivalents	$	7,085	$	6,132
Short-term investments	472		737
Accounts receivable, net	4,778		5,165
Inventories	5,691		5,725
Other current assets	1,239		1,388

Total current assets	19,265		19,147
Long-term investments	2,983		2,281
Property, plant and equipment, net	2,958		2,723
Goodwill	3,732		3,732
Purchased technology and other intangible assets, net	273		294
Deferred income taxes and other assets	2,738		2,552
Total assets	$	31,949	$	30,729
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	99	$	100
Accounts payable and accrued expenses	4,174		4,297
Contract liabilities	2,611		2,975

Total current liabilities	6,884		7,372
Long-term debt	5,463		5,461
Income taxes payable	656		833
Other liabilities	747		714

Total liabilities	13,750		14,380
Total stockholders’ equity	18,199		16,349
Total liabilities and stockholders’ equity	$	31,949	$	30,729

Applied Materials, Inc.

Page 8 of 13

APPLIED MATERIALS, INC.

UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS


(In millions)	Three Months Ended		Six Months Ended
	April 28, 2024				April 30, 2023	April 28, 2024		April 30, 2023
Cash flows from operating activities:
Net income	$	1,722	$	1,575		$	3,741	$	3,292
Adjustments required to reconcile net income to cash provided by operating activities:
Depreciation and amortization	96		129			187		249







Share-based compensation	134		113			304		261

Deferred income taxes	(134)		(115)			(206)		(136)
Other	(12)		167			(247)		174
Net change in operating assets and liabilities	(414)		423			(62)		722
Cash provided by operating activities	1,392		2,292			3,717		4,562
Cash flows from investing activities:
Capital expenditures	(257)		(255)			(486)		(542)
Cash paid for acquisitions, net of cash acquired	—		2			—		(18)

Proceeds from sales and maturities of investments	582		255			1,113		669
Purchases of investments	(474)		(324)			(1,223)		(730)
Cash used in investing activities	(149)		(322)			(596)		(621)
Cash flows from financing activities:


Proceeds from issuance of commercial paper	100		297			200		595
Repayments of commercial paper	(100)		(300)			(200)		(400)
Proceeds from common stock issuances	119		111			119		111
Common stock repurchases	(820)		(800)			(1,520)		(1,050)

Tax withholding payments for vested equity awards	(41)		(18)			(233)		(154)
Payments of dividends to stockholders	(266)		(219)			(532)		(439)
Repayments of principal on finance leases	(14)		1			(13)		(9)
Cash used in financing activities	(1,022)		(928)			(2,179)		(1,346)

Increase (decrease) in cash, cash equivalents and restricted cash equivalents	221		1,042			942		2,595
Cash, cash equivalents and restricted cash equivalents—beginning of period	6,954		3,653			6,233		2,100
Cash, cash equivalents and restricted cash equivalents — end of period	$	7,175	$	4,695		$	7,175	$	4,695

Reconciliation of cash, cash equivalents, and restricted cash equivalents
Cash and cash equivalents	$	7,085	$	4,588		$	7,085	$	4,588
Restricted cash equivalents included in deferred income taxes and other assets	90		107			90		107
Total cash, cash equivalents, and restricted cash equivalents	$	7,175	$	4,695		$	7,175	$	4,695

Supplemental cash flow information:
Cash payments for income taxes	$	467	$	152		$	606	$	221
Cash refunds from income taxes	$	3	$	47		$	5	$	51
Cash payments for interest	$	68	$	68		$	102	$	102

Applied Materials, Inc.

Page 9 of 13

Additional Information


	Q2 FY2024			Q2 FY2023
Net Revenue by Geography (In millions)

United States	$	853		$	1,113
% of Total	13		%	17		%
Europe	$	289		$	477
% of Total	4		%	7		%
Japan	$	453		$	460
% of Total	7		%	7		%
Korea	$	988		$	1,583
% of Total	15		%	24		%
Taiwan	$	1,019		$	1,435
% of Total	15		%	22		%
Southeast Asia	$	213		$	157
% of Total	3		%	2		%
China	$	2,831		$	1,405
% of Total	43		%	21		%

Employees (In thousands)
Regular Full Time	34.8			34.2

Applied Materials, Inc.

Page 10 of 13

APPLIED MATERIALS, INC.

UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS


	Three Months Ended			Six Months Ended
(In millions, except percentages)	April 28, 2024			April 30, 2023			April 28, 2024			April 30, 2023
Non-GAAP Gross Profit
GAAP reported gross profit	$	3,153		$	3,094		$	6,357		$	6,239
Certain items associated with acquisitions1	7			7			14			14



Non-GAAP gross profit	$	3,160		$	3,101		$	6,371		$	6,253
Non-GAAP gross margin	47.5		%	46.8		%	47.7		%	46.8		%
Non-GAAP Operating Income
GAAP reported operating income	$	1,912		$	1,911		$	3,879		$	3,881
Certain items associated with acquisitions1	10			11			21			22
Acquisition integration and deal costs	5			8			8			14








Non-GAAP operating income	$	1,927		$	1,930		$	3,908		$	3,917
Non-GAAP operating margin	29.0		%	29.1		%	29.3		%	29.3		%
Non-GAAP Net Income
GAAP reported net income	$	1,722		$	1,575		$	3,741		$	3,292
Certain items associated with acquisitions1	10			11			21			22
Acquisition integration and deal costs	5			8			8			14






Realized loss (gain), dividends and impairments on strategic investments, net	(3)			117			(4)			113
Unrealized loss (gain) on strategic investments, net	(20)			11			(300)			7





Income tax effect of share-based compensation2	11			3			(15)			(11)

Income tax effects related to intra-entity intangible asset transfers	18			(1)			40			16
Resolution of prior years’ income tax filings and other tax items	—			(27)			33			(32)
Income tax effect of non-GAAP adjustments3	1			(5)			2			(5)
Non-GAAP net income	$	1,744		$	1,692		$	3,526		$	3,416


1			These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets.

















2			GAAP basis tax benefit related to share-based compensation is recognized ratably over the fiscal year on a non-GAAP basis.



3			Adjustment to provision for income taxes related to non-GAAP adjustments reflected in income before income taxes.

Applied Materials, Inc.

Page 11 of 13

APPLIED MATERIALS, INC.

UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS


	Three Months Ended		Six Months Ended
(In millions, except per share amounts)	April 28, 2024		April 30, 2023		April 28, 2024		April 30, 2023
Non-GAAP Earnings Per Diluted Share
GAAP reported earnings per diluted share	$	2.06	$	1.86	$	4.47	$	3.88
Certain items associated with acquisitions	0.01		0.01		0.02		0.03
Acquisition integration and deal costs	0.01		0.01		0.01		0.01





Realized loss (gain), dividends and impairments on strategic investments, net	—		0.14		—		0.13

Unrealized loss (gain) on strategic investments, net	(0.02)		0.01		(0.36)		0.01


Income tax effect of share-based compensation	0.01		—		(0.02)		(0.01)

Income tax effects related to intra-entity intangible asset transfers	0.02		—		0.05		0.02
Resolution of prior years’ income tax filings and other tax items	—		(0.03)		0.04		(0.04)


Non-GAAP earnings per diluted share	$	2.09	$	2.00	$	4.21	$	4.03
Weighted average number of diluted shares	836		847		837		848

Applied Materials, Inc.

Page 12 of 13

APPLIED MATERIALS, INC.

UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS


	Three Months Ended			Six Months Ended
(In millions, except percentages)	April 28, 2024			April 30, 2023			April 28, 2024			April 30, 2023
Semiconductor Systems Non-GAAP Operating Income
GAAP reported operating income	$	1,701		$	1,715		$	3,445		$	3,570
Certain items associated with acquisitions1	10			10			20			19



Non-GAAP operating income	$	1,711		$	1,725		$	3,465		$	3,589
Non-GAAP operating margin	34.9		%	34.7		%	35.3		%	35.4		%
Applied Global Services Non-GAAP Operating Income
GAAP reported operating income	$	436		$	384		$	853		$	729




Non-GAAP operating income	$	436		$	384		$	853		$	729
Non-GAAP operating margin	28.5		%	26.9		%	28.4		%	26.1		%
Display and Adjacent Markets Non-GAAP Operating Income
GAAP reported operating income	$	5		$	16		$	30		$	19




Non-GAAP operating income	$	5		$	16		$	30		$	19
Non-GAAP operating margin	2.8		%	9.5		%	7.1		%	5.7		%


1			These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets.

Note: The reconciliation of GAAP and non-GAAP segment results above does not include certain revenues, costs of products sold and operating expenses that are reported within corporate and other and included in consolidated operating income.

Applied Materials, Inc.

Page 13 of 13

APPLIED MATERIALS, INC.

UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP EFFECTIVE INCOME TAX RATE


	Three Months Ended
(In millions, except percentages)	April 28, 2024

GAAP provision for income taxes (a)	$	272
Income tax effect of share-based compensation	(11)

Income tax effects related to intra-entity intangible asset transfers	(18)

Income tax effect of non-GAAP adjustments	(1)
Non-GAAP provision for income taxes (b)	$	242

GAAP income before income taxes (c)	$	1,994
Certain items associated with acquisitions	10
Acquisition integration and deal costs	5



Realized loss (gain), dividends and impairments on strategic investments, net	(3)
Unrealized loss (gain) on strategic investments, net	(20)





Non-GAAP income before income taxes (d)	$	1,986

GAAP effective income tax rate (a/c)	13.6		%

Non-GAAP effective income tax rate (b/d)	12.2		%

UNAUDITED RECONCILIATION OF NON-GAAP FREE CASH FLOW


	Three Months Ended		Six Months Ended
(In millions)	April 28, 2024		April 30, 2023		April 28, 2024		April 30, 2023

Cash provided by operating activities	$	1,392	$	2,292	$	3,717	$	4,562
Capital expenditures	(257)		(255)		(486)		(542)
Non-GAAP free cash flow	$	1,135	$	2,037	$	3,231	$	4,020

Cover	May 16, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	May 16, 2024
Entity Registrant Name	APPLIED MATERIALS INC /DE
Entity Central Index Key	0000006951
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity File Number	000-06920
Entity Tax Identification Number	94-1655526
Entity Address, Address Line One	3050 Bowers Avenue
Entity Address, Address Line Two	P.O. Box 58039
Entity Address, City or Town	Santa Clara
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95052-8039
City Area Code	408
Local Phone Number	727-5555
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	AMAT
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false