Applied Materials Files 2024 10-K

TL;DR

AMAT dropped its 2024 10-K. All systems go for chip gear.

AI Summary

Applied Materials Inc. (AMAT) filed its 10-K for the fiscal year ending October 27, 2024. The company, a leader in semiconductor manufacturing equipment, reported its financial performance and operational highlights. Key financial data and business segment information are detailed within the filing, providing investors with a comprehensive overview of the company's standing and outlook for the upcoming fiscal year.

Why It Matters

This filing provides crucial insights into Applied Materials' financial health and strategic direction, impacting investors and the broader semiconductor industry.

Risk Assessment

Risk Level: low — This is a standard annual financial filing with no immediate red flags.

Key Numbers

• N/A — Revenue (Specific revenue figures are not provided in this header snippet.)
• N/A — Net Income (Specific net income figures are not provided in this header snippet.)
• N/A — Total Assets (Specific total asset figures are not provided in this header snippet.)

Key Players & Entities

• Applied Materials Inc. (company) — Filer of the 10-K
• 0000006951-24-000044 (filing_id) — Accession number for the 10-K filing
• 20241027 (date) — Fiscal year end date
• 3674 (sic_code) — Standard Industrial Classification for Semiconductors & Related Devices
• 3050 BOWERS AVE, SANTA CLARA, CA 95054-3299 (address) — Company's business and mail address

FAQ

Key Financial Figures

• $0.01 — nding of the registrant's Common Stock, $0.01 par value, as of December 6, 2024: 813,
• $549 million — expected to be reduced by approximately $549 million. This reduction would have resulted in
• $15.3 b — total backlog as of October 27, 2024 of $15.3 billion, of which approximately 31% would

Filing Documents

• amat-20241027.htm (10-K) — 2125KB
• ex191_amatq42024.htm (EX-19.1) — 44KB
• ex21_amatq42024q4.htm (EX-21) — 72KB
• ex23_amatq4202410kq4.htm (EX-23) — 3KB
• ex311_amatq42024.htm (EX-31.1) — 8KB
• ex312_amatq42024.htm (EX-31.2) — 8KB
• ex321_amatq42024for10-kq4.htm (EX-32.1) — 4KB
• ex322_amatq42024for10-kq4.htm (EX-32.2) — 4KB
• amat-20241027_g1.jpg (GRAPHIC) — 6KB
• amat-20241027_g2.jpg (GRAPHIC) — 132KB
• amat-20241027_g3.jpg (GRAPHIC) — 111KB
• image_0.jpg (GRAPHIC) — 37KB
• 0000006951-24-000044.txt ( ) — 12329KB
• amat-20241027.xsd (EX-101.SCH) — 72KB
• amat-20241027_cal.xml (EX-101.CAL) — 140KB
• amat-20241027_def.xml (EX-101.DEF) — 311KB
• amat-20241027_lab.xml (EX-101.LAB) — 926KB
• amat-20241027_pre.xml (EX-101.PRE) — 627KB
• amat-20241027_htm.xml (XML) — 2004KB

: Business

Item 1: Business 4

: Risk Factors

Item 1A: Risk Factors 13

: Unresolved Staff Comments

Item 1B: Unresolved Staff Comments 27

: Cybersecurity

Item 1C: Cybersecurity 27

: Properties

Item 2: Properties 28

: Legal Proceedings

Item 3: Legal Proceedings 29

: Mine Safety Disclosures

Item 4: Mine Safety Disclosures 29 PART II

: Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5: Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 30

: [Reserved]

Item 6: [Reserved] 31

: Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7: Management's Discussion and Analysis of Financial Condition and Results of Operations 32

: Quantitative and Qualitative Disclosures About Market Risk

Item 7A: Quantitative and Qualitative Disclosures About Market Risk 44

: Financial Statements and Supplementary Data

Item 8: Financial Statements and Supplementary Data 44

: Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9: Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 44

: Controls and Procedures

Item 9A: Controls and Procedures 45

: Other Information

Item 9B: Other Information 45

: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 45 PART III

: Directors, Executive Officers and Corporate Governance

Item 10: Directors, Executive Officers and Corporate Governance 46

: Executive Compensation

Item 11: Executive Compensation 46

: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 47

: Certain Relationships and Related Transactions, and Director Independence

Item 13: Certain Relationships and Related Transactions, and Director Independence 48

: Principal Accounting Fees and Services

Item 14: Principal Accounting Fees and Services 48 PART IV

: Exhibits, Financial Statement Schedules

Item 15: Exhibits, Financial Statement Schedules 49

: Form 10-K Summary

Item 16: Form 10-K Summary 49

Signatures

Signatures 88 3 Table of Contents PART I

: Business

Item 1: Business Applied Materials, Inc. is the leader in the materials engineering solutions used to produce virtually every semiconductor and advanced display in the world. We are experts in the design, development, production, and servicing of the critical wafer fabrication and display fabrication tools our customers need to manufacture semiconductors and displays. Our customers' products are used in a wide variety of products such as personal computing devices, mobile phones, artificial intelligence (AI) and data center servers, automobiles, connected devices, industrial applications and consumer electronics. We have the semiconductor capital equipment industry's most comprehensive portfolio of products. This breadth allows us the ability to connect and co-optimize technologies across our portfolio, enabling our customers to achieve superior results as manufacturing semiconductors and displays is becoming increasingly complex. Semiconductors provide the foundation for advances in technology that are reshaping the global economy, including artificial intelligence, internet of things, robotics, electric and autonomous vehicles, and clean energy. Incorporated in 1967, we are a Delaware corporation. Our fiscal year ends on the last Sunday in October. We operate in three reportable segments: Semiconductor Systems, Applied Global Services (AGS), and Display. The Semiconductor Systems segment represents the largest contributor to our net revenue. A summary of financial information for each reportable segment is found in Note 14 of Notes to Consolidated Financial Statements. A discussion of factors that could affect operations is set forth under "Risk Factors" in Item 1A, which is incorporated herein by reference. Semiconductor Systems Our Semiconductor Systems segment designs, develops, manufactures and sells a wide range of primarily 300mm equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). The Semiconductor Systems segm