0000006951-25-000037 | 10-Q | XBRL Viewer

Print Document

Industry Segment Operations - Reconciliations of Total Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Unallocated net revenue	$ 7,302	$ 6,778	$ 21,568	$ 20,131
Income from operations	2,233	1,942	6,577	5,821
Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Unallocated net revenue	12	23	65	137
Unallocated cost of products sold and expenses	(252)	(276)	(822)	(839)
Income from operations	$ (240)	$ (253)	$ (757)	$ (702)

- Definition

The net result for the period of deducting operating expenses from operating revenues.

+ References

+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 8: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Borrowing Facilities and Debt (Tables)

9 Months Ended

Jul. 27, 2025

Debt Disclosure [Abstract]

Schedule of Debt Outstanding

Debt outstanding as of July 27, 2025 and October 27, 2024 was as follows:


	Principal Amount
	July 27, 2025		October 27, 2024		Effective Interest Rate	Interest Pay Dates

	(In millions)
Current portion of long-term debt:
3.900% Senior Notes Due 2025	$	700	$	700	3.944%	April 1, October 1


Total current portion of long-term debt	$	700	$	700
Long-term debt:




3.300% Senior Notes Due 2027	$	1,200	$	1,200	3.342%	April 1, October 1
4.800% Senior Notes Due 2029	700		700		4.844%	June 15, December 15
1.750% Senior Notes Due 2030	750		750		1.792%	June 1, December 1
5.100% Senior Notes Due 2035	500		500		5.127%	April 1, October 1
5.850% Senior Notes Due 2041	600		600		5.879%	June 15, December 15
4.350% Senior Notes Due 2047	1,000		1,000		4.361%	April 1, October 1
2.750% Senior Notes Due 2050	750		750		2.773%	June 1, December 1
	5,500		5,500
Total unamortized discount	(10)		(10)
Total unamortized debt issuance costs	(27)		(30)



Total long-term debt	$	5,463	$	5,460

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Fair Value Measurements

9 Months Ended

Jul. 27, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurements

Assets Measured at Fair Value on a Recurring Basis

The following table presents our fair value hierarchy for our financial assets (excluding cash balances) measured at fair value on a recurring basis:


	July 27, 2025				October 27, 2024
	Level 1		Level 2		Total		Level 1		Level 2		Total

	(In millions)
Assets:
Available-for-sale debt security investments
Money market funds*	$	994	$	—	$	994	$	3,512	$	—	$	3,512
Bank certificates of deposit and time deposits	—		66		66		—		103		103
U.S. Treasury and agency securities	2,500		193		2,693		2,684		14		2,698
Non-U.S. government securities	—		5		5		—		5		5
Municipal securities	—		501		501		—		460		460
Commercial paper, corporate bonds and medium-term notes	—		2,649		2,649		—		2,590		2,590
Asset-backed and mortgage-backed securities	—		623		623		—		654		654
Total available-for-sale debt security investments	$	3,494	$	4,037	$	7,531	$	6,196	$	3,826	$	10,022
Equity investments with readily determinable values

Publicly traded equity securities	$	1,903	$	—	$	1,903	$	723	$	—	$	723
Total equity investments with readily determinable values	$	1,903	$	—	$	1,903	$	723	$	—	$	723
Total	$	5,397	$	4,037	$	9,434	$	6,919	$	3,826	$	10,745

_________________________

*Amounts as of July 27, 2025 and October 27, 2024 include $70 million and $91 million, respectively, invested in money market funds related to deferred compensation plans. Due to restrictions on the distribution of these funds, they are classified as restricted cash equivalents and are included in deferred income taxes and other assets in the Consolidated Condensed Balance Sheets.

As of July 27, 2025 and October 27, 2024, available-for-sale, short-term and long-term investments not recognized at fair value based upon observable inputs or quoted prices were not material.

We did not have any financial assets measured at fair value on a recurring basis within Level 3 fair value measurements as of July 27, 2025 or October 27, 2024.

Assets and Liabilities without Readily Determinable Values Measured on a Non-recurring Basis

Our equity investments without readily determinable values consist of equity investments in privately held companies. We elected the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes on a prospective basis for certain equity investments without readily determinable fair values and are required to account for any subsequent observable changes in fair value within the statements of operations. These investments are classified as Level 3 within the fair value hierarchy and periodically assessed for impairment when an event or circumstance indicates that a decline in value may have occurred. Impairment losses on equity investments in privately held companies are included in interest and other income (expense), net in the Consolidated Condensed Statement of Operations and were not material during the three and nine months ended July 27, 2025 and July 28, 2024.

Other

The carrying amounts of our financial instruments, including cash and cash equivalents, restricted cash equivalents, accounts receivable, commercial paper notes, and accounts payable and accrued expenses, approximate fair value due to their short maturities. As of July 27, 2025, the aggregate principal amount of long-term senior unsecured notes was $5.5 billion and the estimated fair value was $5.0 billion. As of October 27, 2024, the aggregate principal amount of long-term senior unsecured notes was $5.5 billion and the estimated fair value was $5.1 billion. The estimated fair value of long-term senior unsecured notes is determined by Level 2 inputs and is based primarily on quoted market prices for the same or similar issues. See Note 9 of the Notes to the Consolidated Condensed Financial Statements for further detail of existing debt.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Industry Segment Operations - Narrative (Details)	9 Months Ended
Industry Segment Operations - Narrative (Details)	Jul. 27, 2025 Segment
Concentration Risk [Line Items]
Number of reportable segments	3
Revenue \| Customer Concentration Risk \| Customer One
Concentration Risk [Line Items]
Concentration risk, percentage	19.00%
Revenue \| Customer Concentration Risk \| Customer Two
Concentration Risk [Line Items]
Concentration risk, percentage	15.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-20

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-18

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-20

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 954
-SubTopic 310
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478785/954-310-50-2

+ Details

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

Cover Page	9 Months Ended
Cover Page	Jul. 27, 2025 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 27, 2025
Document Transition Report	false
Entity File Number	000-06920
Entity Registrant Name	APPLIED MATERIALS INC /DE
Entity Incorporation, State or Country Code	DE
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
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	AMAT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	796,642,427
Entity Central Index Key	0000006951
Current Fiscal Year End Date	--10-26
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q3
Amendment Flag	false

Balance Sheet Detail - Inventories (Details) - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024
Inventories
Customer service spares	$ 1,761	$ 1,742
Raw materials	2,002	1,680
Work-in-process	925	879
Finished goods
Deferred cost of sales	197	217
Evaluation inventory	520	459
Manufactured on-hand inventory	402	444
Total finished goods	1,119	1,120
Total inventories	$ 5,807	$ 5,421

Guarantees, Commitments and Contingencies (Details) $ in Millions	Jul. 27, 2025 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Maximum potential amount of future payments for letters of credit or other guarantee instruments	$ 376
Parent guarantees to banks	$ 294

Contract Balances and Performance Obligations - Narrative (Details) - USD ($)	9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognized	$ 2,200,000,000
Accounts receivable, credit losses	0	$ 0
Contract assets, credit losses	0	$ 0
Long-term Contract with Customer
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 2,000,000,000.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-28 \| Long-term Contract with Customer
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percent of performance obligation recognized	50.00%
Expected timing of satisfaction	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-27 \| Long-term Contract with Customer
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction	24 months

Accounts Receivable, Net	9 Months Ended
Accounts Receivable, Net	Jul. 27, 2025
Receivables [Abstract]
Accounts Receivable, Net	Accounts Receivable, Net We have agreements with various financial institutions to sell accounts receivable and discount promissory notes from selected customers. We sell our accounts receivable generally without recourse. From time to time, we also discount letters of credit issued by customers through various financial institutions. The discounting of letters of credit depends on many factors, including the willingness of financial institutions to discount the letters of credit and the cost of such arrangements. We sold $215 million and $324 million of account receivables during the three and nine months ended July 27, 2025, respectively. We sold $131 million and $395 million of account receivables during the three and nine months ended July 28, 2024, respectively. We did not discount letters of credit issued by customers or discount promissory notes during the three and nine months ended July 27, 2025 and July 28, 2024. Financing charges on the sale of receivables and discounting of letters of credit are included in interest expense in the accompanying Consolidated Condensed Statements of Operations and were not material for all periods presented. We maintain an allowance for credit losses for estimated losses resulting from the inability of our customers to make required payments. This allowance is based on historical experience, credit evaluations, specific customer collection history and any customer-specific issues we have identified. Changes in circumstances, such as an unexpected material adverse change in a major customer’s ability to meet its financial obligation to us or its payment trends, may require us to further adjust our estimates of the recoverability of amounts due to us. Bad debt expense and any reversals are recorded in marketing and selling expenses in the Consolidated Condensed Statement of Operations. The balances of allowance for credit losses were not material as of July 27, 2025 and October 27, 2024, and the changes in allowance for credit losses were not material for the three and nine months ended July 27, 2025 and July 28, 2024. We sell our products principally to manufacturers within the semiconductor and display industries. While we believe that our allowance for credit losses is adequate and represents our best estimate as of July 27, 2025, we continue to closely monitor customer liquidity and industry and economic conditions, which may result in changes to our estimates.

Borrowing Facilities and Debt

9 Months Ended

Jul. 27, 2025

Debt Disclosure [Abstract]

Borrowing Facilities and Debt

Revolving Credit Facilities

In February 2025, we entered into a $2.0 billion committed unsecured revolving credit agreement (Revolving Credit Agreement) with a group of banks. The Revolving Credit Agreement includes a provision under which we may request an increase in the amount of the facility of up to $500 million for a total commitment of no more than $2.5 billion, subject to the receipt of commitments from one or more lenders for any such increase and other customary conditions. The Revolving Credit Agreement is scheduled to expire in February 2030, unless extended as permitted under the Revolving Credit Agreement. The Revolving Credit Agreement provides for borrowings that bear interest for each advance at one of two rates selected by us, plus an applicable margin, which varies according to our public debt credit ratings. The Revolving Credit Agreement replaced the prior $1.5 billion credit agreement, which was scheduled to expire in February 2026.

No amounts were outstanding under the Revolving Credit Agreement as of July 27, 2025 or under the prior revolving credit agreement as of October 27, 2024.

In addition, we have revolving credit facilities with Japanese banks pursuant to which we may borrow up to approximately $55 million in aggregate at any time. Our ability to borrow under these facilities is subject to bank approval at the time of the borrowing request, and any advances will be at rates indexed to the banks’ prime reference rate denominated in Japanese yen. As of July 27, 2025 and October 27, 2024, no amounts were outstanding under these revolving credit facilities.

Short-term Commercial Paper

We have a short-term commercial paper program under which we may issue unsecured commercial paper notes. In June 2025, we increased the total amount of commercial paper notes we may issue under the program from $1.5 billion to $2.0 billion. The proceeds from the issuances of commercial paper are used for general corporate purposes. As of July 27, 2025, we had commercial paper notes outstanding with an aggregate principal amount of $100 million, which were recorded as short-term debt with a weighted-average interest rate of 4.31% and maturities of 77 days, and as of October 27, 2024, we had $100 million of commercial paper notes outstanding and recorded as short-term debt with a weighted-average interest rate of 5.06% and maturities of 63 days.

Senior Unsecured Notes

Debt outstanding as of July 27, 2025 and October 27, 2024 was as follows:


	Principal Amount
	July 27, 2025		October 27, 2024		Effective Interest Rate	Interest Pay Dates

	(In millions)
Current portion of long-term debt:
3.900% Senior Notes Due 2025	$	700	$	700	3.944%	April 1, October 1


Total current portion of long-term debt	$	700	$	700
Long-term debt:




3.300% Senior Notes Due 2027	$	1,200	$	1,200	3.342%	April 1, October 1
4.800% Senior Notes Due 2029	700		700		4.844%	June 15, December 15
1.750% Senior Notes Due 2030	750		750		1.792%	June 1, December 1
5.100% Senior Notes Due 2035	500		500		5.127%	April 1, October 1
5.850% Senior Notes Due 2041	600		600		5.879%	June 15, December 15
4.350% Senior Notes Due 2047	1,000		1,000		4.361%	April 1, October 1
2.750% Senior Notes Due 2050	750		750		2.773%	June 1, December 1
	5,500		5,500
Total unamortized discount	(10)		(10)
Total unamortized debt issuance costs	(27)		(30)



Total long-term debt	$	5,463	$	5,460

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Cash, Cash Equivalents and Investments

9 Months Ended

Jul. 27, 2025

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Investments

Summary of Cash, Cash Equivalents and Investments

The following tables summarize our cash, cash equivalents and investments by security type:


July 27, 2025	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,437	$	—	$	—	$	1,437
Cash equivalents:
Money market funds*	924		—		—		924
Bank certificates of deposit and time deposits	60		—		—		60
U.S. Treasury and agency securities	1,114		—		—		1,114

Municipal securities	34		—		—		34
Commercial paper, corporate bonds and medium-term notes	1,815		—		—		1,815

Total cash equivalents	3,947		—		—		3,947
Total cash and cash equivalents	$	5,384	$	—	$	—	$	5,384
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	6	$	—	$	—	$	6
U.S. Treasury and agency securities	1,578		1		—		1,579
Non-U.S. government securities**	5		—		—		5
Municipal securities	465		3		1		467
Commercial paper, corporate bonds and medium-term notes	831		4		1		834
Asset-backed and mortgage-backed securities	623		2		2		623
Total fixed income securities	3,508		10		4		3,514
Publicly traded equity securities	1,438		467		2		1,903
Equity investments in privately held companies	315		69		38		346
Total equity investments	1,753		536		40		2,249
Total short-term and long-term investments	$	5,261	$	546	$	44	$	5,763
Total cash, cash equivalents and investments	$	10,645	$	546	$	44	$	11,147

_________________________

*Excludes $70 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.


October 27, 2024	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,313	$	—	$	—	$	1,313
Cash equivalents:
Money market funds*	3,421		—		—		3,421
Bank certificates of deposit and time deposits	90		—		—		90
U.S. Treasury and agency securities	1,394		—		—		1,394

Municipal securities	19		—		—		19
Commercial paper, corporate bonds and medium-term notes	1,785		—		—		1,785
Total cash equivalents	6,709		—		—		6,709
Total cash and cash equivalents	$	8,022	$	—	$	—	$	8,022
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	13	$	—	$	—	$	13
U.S. Treasury and agency securities	1,306		—		2		1,304
Non-U.S. government securities**	5		—		—		5
Municipal securities	441		2		2		441
Commercial paper, corporate bonds and medium-term notes	803		4		2		805
Asset-backed and mortgage-backed securities	656		3		5		654
Total fixed income securities	3,224		9		11		3,222
Publicly traded equity securities	543		185		5		723
Equity investments in privately held companies	255		58		22		291
Total equity investments	798		243		27		1,014
Total short-term and long-term investments	$	4,022	$	252	$	38	$	4,236
Total cash, cash equivalents and investments	$	12,044	$	252	$	38	$	12,258

_________________________

*Excludes $91 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.

During the three months ended July 27, 2025 and July 28, 2024, interest income from our cash, cash equivalents and fixed income securities was $92 million and $124 million, respectively.

During the nine months ended July 27, 2025 and July 28, 2024, interest income from our cash, cash equivalents and fixed income securities was $309 million and $345 million, respectively.

Maturities of Investments

The following table summarizes the contractual maturities of our investments as of July 27, 2025:


	Cost		Estimated Fair Value

	(In millions)
Due in one year or less	$	1,565	$	1,564
Due after one through five years	1,317		1,324
Due after five years	3		3
No single maturity date*	2,376		2,872
Total	$	5,261	$	5,763

_________________________

*Securities with no single maturity date include publicly traded and privately held equity securities and asset-backed and mortgage-backed securities.

Gains and Losses on Investments

During the three and nine months ended July 27, 2025 and July 28, 2024 gross realized gains and losses on our fixed income portfolio were not material.

As of July 27, 2025 and October 27, 2024, gross unrealized losses related to our fixed income portfolio were not material. We regularly review our fixed income portfolio to identify and evaluate investments that have indications of possible impairment from credit losses or other factors. Factors considered in determining whether an unrealized loss is considered to be a credit loss include: the significance of the decline in value compared to the cost basis; the financial condition, credit quality and near-term prospects of the investee; and whether it is more likely than not that we will be required to sell the security prior to recovery. Credit losses related to available-for-sale debt securities are recorded as an allowance for credit losses through interest and other income (expense), net. Any additional changes in fair value that are not related to credit losses are recognized in accumulated other comprehensive income (loss) (AOCI). During the three and nine months ended July 27, 2025 and July 28, 2024, we did not recognize material credit losses and the ending allowance for credit losses was not material to our fixed income portfolio.

The components of gain (loss) on equity investments for the three and nine months ended July 27, 2025 and July 28, 2024 were as follows:


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024

	(In millions)
Publicly traded equity securities
Unrealized gain	$	311	$	6	$	424	$	318
Unrealized loss	—		(30)		(139)		(33)
Realized gain on sales and dividends	5		3		30		5
Realized loss on sales or impairment	—		—		—		(1)
Equity investments in privately held companies
Unrealized gain	9		1		16		2
Unrealized loss	(6)		(2)		(13)		(12)
Realized gain on sales and dividends	1		—		8		3
Realized loss on sales or impairment	(22)		(19)		(27)		(19)
Total gain (loss) on equity investments, net	$	298	$	(41)	$	299	$	263

Earnings Per Share (Tables)

9 Months Ended

Jul. 27, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024

	(In millions, except per share amounts)
Numerator:
Net income	$	1,779	$	1,705	$	5,101	$	5,446
Denominator:
Weighted average common shares outstanding	798		826		807		829
Effect of weighted dilutive restricted stock units and employees’ stock purchase plan shares	4		7		4		6
Denominator for diluted earnings per share	802		833		811		835
Basic earnings per share	$	2.23	$	2.06	$	6.32	$	6.57
Diluted earnings per share	$	2.22	$	2.05	$	6.29	$	6.52
Potentially weighted dilutive securities	—		—		—		—

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units (Details) - Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units shares in Millions	9 Months Ended
	Jul. 27, 2025 $ / shares shares
Shares
Beginning balance (in shares) \| shares	10
Granted (in shares) \| shares	4
Vested (in shares) \| shares	(4)
Canceled (in shares) \| shares	0
Ending balance (in shares) \| shares	10
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) \| $ / shares	$ 129.31
Granted (in dollars per share) \| $ / shares	166.59
Vested (in dollars per share) \| $ / shares	127.02
Canceled (in dollars per share) \| $ / shares	137.99
Ending balance (in dollars per share) \| $ / shares	$ 145.58

Accounts Receivable, Net (Details) - USD ($)	3 Months Ended		9 Months Ended
Accounts Receivable, Net (Details) - USD ($)	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Receivables [Abstract]
Factored accounts receivable	$ 215,000,000	$ 131,000,000	$ 324,000,000	$ 395,000,000
Discounted letters of credit	0	0	0	0
Discounted promissory notes	$ 0	$ 0	$ 0	$ 0

Industry Segment Operations - Percentage for Semiconductor Systems by End User (Details) - Revenue - Product Concentration Risk - Semiconductor Systems	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Concentration Risk [Line Items]
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Foundry, logic and other
Concentration Risk [Line Items]
Concentration risk, percentage	69.00%	72.00%	67.00%	66.00%
Dynamic random-access memory (DRAM)
Concentration Risk [Line Items]
Concentration risk, percentage	22.00%	24.00%	26.00%	30.00%
Flash memory (NAND)
Concentration Risk [Line Items]
Concentration risk, percentage	9.00%	4.00%	7.00%	4.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

+ References + Details

Consolidated Condensed Statements of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)
Beginning Balance (in shares) at Oct. 29, 2023		833
Beginning Balance at Oct. 29, 2023	$ 16,349	$ 8	$ 9,131	$ 43,726	$ (36,299)	$ (217)
Treasury stock, beginning balance (in shares) at Oct. 29, 2023					1,191
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,446			5,446
Other comprehensive income (loss), net of tax	71					71
Dividends declared	(925)			(925)
Share-based compensation	436		436
Net issuance under stock plans (in shares)		4
Net issuance under stock plans	$ (139)		(139)
Common stock repurchases (in shares)	(13)	(13)			(13)
Common stock repurchases	$ (2,398)				$ (2,398)
Ending Balance (in shares) at Jul. 28, 2024		824
Ending Balance at Jul. 28, 2024	18,840	$ 8	9,428	48,247	$ (38,697)	(146)
Treasury stock, ending balance (in shares) at Jul. 28, 2024					1,204
Beginning Balance (in shares) at Apr. 28, 2024		828
Beginning Balance at Apr. 28, 2024	18,199	$ 8	9,321	46,871	$ (37,829)	(172)
Treasury stock, beginning balance (in shares) at Apr. 28, 2024					1,200
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,705			1,705
Other comprehensive income (loss), net of tax	26					26
Dividends declared	(329)			(329)
Share-based compensation	132		132
Net issuance under stock plans	$ (25)		(25)
Common stock repurchases (in shares)	(4)	(4)			(4)
Common stock repurchases	$ (868)				$ (868)
Ending Balance (in shares) at Jul. 28, 2024		824
Ending Balance at Jul. 28, 2024	18,840	$ 8	9,428	48,247	$ (38,697)	(146)
Treasury stock, ending balance (in shares) at Jul. 28, 2024					1,204
Beginning Balance (in shares) at Oct. 27, 2024		818
Beginning Balance at Oct. 27, 2024	19,001	$ 8	9,660	49,651	$ (40,150)	(168)
Treasury stock, beginning balance (in shares) at Oct. 27, 2024					1,211
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,101			5,101
Other comprehensive income (loss), net of tax	66					66
Dividends declared	(1,058)			(1,058)
Share-based compensation	512		512
Net issuance under stock plans (in shares)		4
Net issuance under stock plans	$ (82)		(82)
Common stock repurchases (in shares)	(25)	(25)			(25)
Common stock repurchases	$ (4,036)				$ (4,036)
Ending Balance (in shares) at Jul. 27, 2025		797
Ending Balance at Jul. 27, 2025	19,504	$ 8	10,090	53,694	$ (44,186)	(102)
Treasury stock, ending balance (in shares) at Jul. 27, 2025					1,236
Beginning Balance (in shares) at Apr. 27, 2025		802
Beginning Balance at Apr. 27, 2025	18,961	$ 8	9,966	52,280	$ (43,149)	(144)
Treasury stock, beginning balance (in shares) at Apr. 27, 2025					1,230
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,779			1,779
Other comprehensive income (loss), net of tax	42					42
Dividends declared	(365)			(365)
Share-based compensation	158		158
Net issuance under stock plans (in shares)		1
Net issuance under stock plans	$ (34)		(34)
Common stock repurchases (in shares)	(6)	(6)			(6)
Common stock repurchases	$ (1,037)				$ (1,037)
Ending Balance (in shares) at Jul. 27, 2025		797
Ending Balance at Jul. 27, 2025	$ 19,504	$ 8	$ 10,090	$ 53,694	$ (44,186)	$ (102)
Treasury stock, ending balance (in shares) at Jul. 27, 2025					1,236

Cash, Cash Equivalents and Investments - Summary of Cash, Cash Equivalents and Investments (Details) - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024	Jul. 28, 2024
Summary of Cash, Cash Equivalents and Investments
Cash	$ 1,437	$ 1,313
Total cash equivalents	3,947	6,709
Total cash and cash equivalents	5,384	8,022	$ 8,288
Total equity investments, cost	1,753	798
Total equity investments, gross unrealized gains	536	243
Total equity investments, gross unrealized losses	40	27
Total equity investments, estimated fair value	2,249	1,014
Total short-term and long-term investments cost	5,261	4,022
Total short-term and long-term investments, gross unrealized gains	546	252
Total short-term and long-term investments ,gross unrealized losses	44	38
Total short-term and long-term investments, estimated fair value	5,763	4,236
Total cash, cash equivalents and investments, cost	10,645	12,044
Total cash, cash equivalents and investments, gross unrealized gains	546	252
Total cash, cash equivalents and investments, gross unrealized losses	44	38
Total cash, cash equivalents and investments, estimated fair value	11,147	12,258
Restricted cash equivalents included in deferred income taxes and other assets	70		$ 90
Total fixed income securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	3,508	3,224
Gross unrealized gains on fixed income securities	10	9
Gross unrealized losses on fixed income securities	4	11
Estimated fair value of fixed income securities	3,514	3,222
Bank certificates of deposit and time deposits
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	6	13
Gross unrealized gains on fixed income securities	0	0
Gross unrealized losses on fixed income securities	0	0
Estimated fair value of fixed income securities	6	13
U.S. Treasury and agency securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	1,578	1,306
Gross unrealized gains on fixed income securities	1	0
Gross unrealized losses on fixed income securities	0	2
Estimated fair value of fixed income securities	1,579	1,304
Non-U.S. government securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	5	5
Gross unrealized gains on fixed income securities	0	0
Gross unrealized losses on fixed income securities	0	0
Estimated fair value of fixed income securities	5	5
Municipal securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	465	441
Gross unrealized gains on fixed income securities	3	2
Gross unrealized losses on fixed income securities	1	2
Estimated fair value of fixed income securities	467	441
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	831	803
Gross unrealized gains on fixed income securities	4	4
Gross unrealized losses on fixed income securities	1	2
Estimated fair value of fixed income securities	834	805
Asset-backed and mortgage-backed securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	623	656
Gross unrealized gains on fixed income securities	2	3
Gross unrealized losses on fixed income securities	2	5
Estimated fair value of fixed income securities	623	654
Publicly traded equity securities
Summary of Cash, Cash Equivalents and Investments
Equity investments cost	1,438	543
Equity investments unrealized gains	467	185
Equity investments unrealized losses	2	5
Equity investments estimated fair value	1,903	723
Equity investments in privately held companies
Summary of Cash, Cash Equivalents and Investments
Equity investments in privately held companies, cost	315	255
Equity investments in privately held companies, gross unrealized gains	69	58
Equity investments in privately held companies , gross unrealized losses	38	22
Equity investments in privately held companies, estimated fair value	346	291
Money market funds
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	924	3,421
Restricted cash equivalents included in deferred income taxes and other assets	70	91
Bank certificates of deposit and time deposits
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	60	90
U.S. Treasury and agency securities
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	1,114	1,394
Municipal securities
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	34	19
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	$ 1,815	$ 1,785

Contract Balances and Performance Obligations - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024
Revenue from Contract with Customer [Abstract]
Contract assets	$ 306	$ 269
Contract liabilities	$ 2,470	$ 2,849

Balance Sheet Detail - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 27, 2025	Jul. 27, 2025
Balance Sheet Detail [Abstract]
Government assistance, asset, decrease		$ 907
Government Assistance, Asset, Decrease, Noncurrent, Statement of Financial Position [Extensible Enumeration]		Property, Plant and Equipment, Net
Government assistance, operating expense, decrease	$ 6	$ 24
Government Assistance, Operating Expense, Decrease (Increase), Statement of Income or Comprehensive Income [Extensible Enumeration]	Research and Development Expense	Research and Development Expense
Government assistance, liability, decrease		$ 463
Government assistance, liability, decrease, current		$ 309
Government Assistance, Liability, Decrease, Current, Statement of Financial Position [Extensible Enumeration]		Accounts payable and accrued expenses
Government assistance, liability, decrease, noncurrent		$ 154
Government Assistance, Liability, Decrease, Noncurrent, Statement of Financial Position [Extensible Enumeration]		Deferred Income Taxes and Other Assets, Noncurrent

Basis of Presentation and Recently Adopted Accounting Standards	9 Months Ended
	Jul. 27, 2025
Accounting Policies [Abstract]
Basis of Presentation and Recently Adopted Accounting Standards	Basis of Presentation and Recently Adopted Accounting Standards Basis of Presentation In the opinion of our management, the unaudited interim consolidated condensed financial statements of Applied Materials, Inc. and its subsidiaries (we, us, and our) included herein have been prepared on a basis consistent with the October 27, 2024 audited consolidated financial statements and include all material adjustments, consisting of normal recurring adjustments, necessary to fairly state the information set forth therein. These unaudited interim consolidated condensed financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 27, 2024 (2024 Form 10-K). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make judgments, estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates. Our results of operations for the three and nine months ended July 27, 2025 are not necessarily indicative of future operating results. Our fiscal year ends on the last Sunday in October of each year. Fiscal 2025 and 2024 contain 52 weeks each and the first nine months of fiscal 2025 and 2024 each contained 39 weeks. Recently Adopted Accounting Standards Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. In June 2022, the Financial Accounting Standards Board (FASB) issued an accounting standard update which clarifies how the fair value of equity securities subject to contractual sale restrictions is determined (Topic 820). The amendment clarifies that a contractual sale restriction should not be considered in measuring fair value. It also requires certain qualitative and quantitative disclosures related to equity securities subject to contractual sale restrictions. We adopted this authoritative guidance in the first quarter of fiscal 2025. The adoption of this guidance did not have a significant impact on our consolidated condensed financial statements.

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Share-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 158	$ 132	$ 512	$ 436
Cost of products sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	40	33	118	98
Research, development and engineering
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	65	53	196	163
Marketing and selling
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	21	17	63	53
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 32	$ 29	$ 135	$ 122

Income Taxes	9 Months Ended
Income Taxes	Jul. 27, 2025
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our provision for income taxes and effective tax rate are affected by the geographical composition of pre-tax income which includes jurisdictions with differing tax rates, conditional reduced tax rates and other income tax incentives. It is also affected by events that vary from period to period, such as changes in income tax laws and the resolution of prior years’ income tax filings. Our effective tax rates for the third quarter of fiscal 2025 and 2024 were 30.6 percent and 13.0 percent, respectively. The effective tax rate for the third quarter of fiscal 2025 was higher than the same period in the prior fiscal year, primarily due to the recognition of a $410 million valuation allowance against deferred tax assets related to corporate alternative minimum tax (CAMT) credits. These credits are not expected to be realized as a result of changes in the timing of future tax deductions, following the enactment of the One Big Beautiful Bill Act during the quarter. No prudent and feasible tax-planning strategies are currently available. The amount of the valuation allowance may be adjusted in future quarters if estimates of future taxable income change. Our effective tax rates for the first nine months of fiscal 2025 and 2024 were 27.2 percent and 13.0 percent, respectively. The effective tax rate for the first nine months of fiscal 2025 was higher than the same period in the prior fiscal year,

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024
Current assets:
Cash and cash equivalents	$ 5,384	$ 8,022
Short-term investments	1,630	1,449
Accounts receivable, net	5,772	5,234
Inventories	5,807	5,421
Other current assets	1,125	1,094
Total current assets	19,718	21,220
Long-term investments	4,133	2,787
Property, plant and equipment, net	4,124	3,339
Goodwill	3,748	3,732
Purchased technology and other intangible assets, net	238	249
Deferred income taxes and other assets	2,250	3,082
Total assets	34,211	34,409
Current liabilities:
Short-term debt	799	799
Accounts payable and accrued expenses	4,614	4,820
Contract liabilities	2,470	2,849
Total current liabilities	7,883	8,468
Long-term debt	5,463	5,460
Income taxes payable	330	670
Other liabilities	1,031	810
Total liabilities	14,707	15,408
Stockholders’ equity:
Common stock	8	8
Additional paid-in capital	10,090	9,660
Retained earnings	53,694	49,651
Treasury stock	(44,186)	(40,150)
Accumulated other comprehensive loss	(102)	(168)
Total stockholders’ equity	19,504	19,001
Total liabilities and stockholders’ equity	$ 34,211	$ 34,409

Cash, Cash Equivalents and Investments - Gain (Loss) on Equity Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Publicly traded equity securities
Unrealized gain	$ 311	$ 6	$ 424	$ 318
Unrealized loss	0	(30)	(139)	(33)
Realized gain on sales and dividends	5	3	30	5
Realized loss on sales or impairment	0	0	0	(1)
Equity investments in privately held companies
Unrealized gain	9	1	16	2
Unrealized loss	(6)	(2)	(13)	(12)
Realized gain on sales and dividends	1	0	8	3
Realized loss on sales or impairment	(22)	(19)	(27)	(19)
Total gain (loss) on equity investments, net	$ 298	$ (41)	$ 299	$ 263

Contract Balances and Performance Obligations

9 Months Ended

Jul. 27, 2025

Revenue from Contract with Customer [Abstract]

Contract Balances and Performance Obligations

Contract Assets and Liabilities

Contract assets primarily result from receivables for goods transferred to customers where payment is conditional upon technical sign off and not just the passage of time. Contract liabilities consist of unsatisfied performance obligations related to advance payments received and billings in excess of revenue recognized. Our contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period.

Contract assets are generally classified as current and are included in Other Current Assets in the Consolidated Condensed Balance Sheets. Contract liabilities are classified as current or non-current based on the timing of when performance obligations will be satisfied and associated revenue is expected to be recognized.

Contract balances at the end of each reporting period were as follows:


	July 27, 2025		October 27, 2024
	(In millions)

Contract assets	$	306	$	269
Contract liabilities	$	2,470	$	2,849

The increase in contract assets during the nine months ended July 27, 2025 was primarily due to an increase in unsatisfied performance obligations related to goods transferred to customers where payment was conditional upon technical sign off.

During the nine months ended July 27, 2025, we recognized revenue of approximately $2.2 billion related to contract liabilities at October 27, 2024. Contract liabilities decreased during the nine months ended July 27, 2025 due to revenue recognized related to contract liabilities at October 27, 2024, partially offset by new billings for products and services for which there were unsatisfied performance obligations to customers and revenue had not yet been recognized as of July 27, 2025.

There were no credit losses recognized on our accounts receivables and contract assets during both the nine months ended July 27, 2025 and July 28, 2024.

Performance Obligations

As of July 27, 2025, the amount of remaining unsatisfied performance obligations on contracts, primarily consisting of written purchase orders received from customers, with an original estimated duration of one year or more was approximately $2.0 billion, of which approximately 50% is expected to be recognized within 12 months and the remainder is expected to be recognized within the following 24 months thereafter.

We have elected the available practical expedient to exclude the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Stockholders' Equity, Comprehensive Income and Share-Based Compensation

9 Months Ended

Jul. 27, 2025

Equity [Abstract]

Stockholders' Equity, Comprehensive Income and Share-Based Compensation

Stockholders’ Equity, Comprehensive Income and Share-Based Compensation

Accumulated Other Comprehensive Income (Loss)

Changes in the components of accumulated other comprehensive income (loss) (AOCI), net of tax, were as follows:


	Unrealized Gain (Loss) on Investments, Net		Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges		Defined and Postretirement Benefit Plans		Cumulative Translation Adjustments		Total

	(in millions)
Balance as of October 27, 2024	$	(7)	$	(87)	$	(87)	$	13	$	(168)


Other comprehensive income (loss) before reclassifications	7		57		—		—		64
Amounts reclassified out of AOCI	—		2		—		—		2
Other comprehensive income (loss), net of tax	7		59		—		—		66
Balance as of July 27, 2025	$	—	$	(28)	$	(87)	$	13	$	(102)


	Unrealized Gain (Loss) on Investments, Net		Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges		Defined and Postretirement Benefit Plans		Cumulative Translation Adjustments		Total

	(in millions)
Balance as of October 29, 2023	$	(50)	$	(118)	$	(62)	$	13	$	(217)


Other comprehensive income (loss) before reclassifications	27		44		—		—		71
Amounts reclassified out of AOCI	9		—		(9)		—		—
Other comprehensive income (loss), net of tax	36		44		(9)		—		71
Balance as of July 28, 2024	$	(14)	$	(74)	$	(71)	$	13	$	(146)

The tax effects on net income of amounts reclassified from AOCI for the three and nine months ended July 27, 2025 and July 28, 2024 were not material.

Stock Repurchase Program

In March 2025, our Board of Directors approved a common stock repurchase program authorizing $10.0 billion in repurchases, which supplemented the previously existing $10.0 billion authorization from March 2023. As of July 27, 2025, approximately $14.8 billion remained available for future stock repurchases under the repurchase program.

The following table summarizes our stock repurchases, including and excluding excise tax, for the three and nine months ended July 27, 2025 and July 28, 2024:


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024

	(in millions, except per share amount)
Shares of common stock repurchased	6		4		25		13
Cost of stock repurchased (including excise tax)*	$	1,038	$	868	$	4,037	$	2,398
Average price paid per share (including excise tax)*	$	164.47	$	222.82	$	160.95	$	189.90
Cost of stock repurchased (excluding excise tax)	$	1,028	$	861	$	4,003	$	2,381
Average price paid per share (excluding excise tax)	$	162.97	$	221.27	$	159.60	$	188.60

(*) Stock repurchase amounts include the 1% surcharge on stock repurchases under the Inflation Reduction Act’s excise tax. This excise tax is recorded in equity and reduces the amount available under the repurchase program, as applicable.

We record treasury stock purchases under the cost method using the first-in, first-out (FIFO) method. Upon reissuance of treasury stock, amounts in excess of the acquisition cost are credited to additional paid in capital. If we reissue treasury stock at an amount below our acquisition cost and additional paid in capital associated with prior treasury stock transactions is insufficient to cover the difference between the acquisition cost and the reissue price, this difference is recorded against retained earnings.

Dividends

In June 2025, March 2025 and December 2024, our Board of Directors declared quarterly cash dividends in the amount of $0.46, $0.46 and $0.40 per share, respectively. The dividend declared in June 2025 is payable in September 2025. Dividends paid during the nine months ended July 27, 2025 and July 28, 2024 totaled $1.0 billion and $863 million, respectively. We currently anticipate that cash dividends will continue to be paid on a quarterly basis, although the declaration of any future cash dividend is at the discretion of the Board of Directors and will depend on our financial condition, results of operations, capital requirements, business conditions and other factors, as well as a determination by the Board of Directors that cash dividends are in the best interests of our stockholders.

Share-Based Compensation

We have a stockholder-approved equity plan, the Employee Stock Incentive Plan (ESIP), which permits grants to employees of share-based awards, including stock options, stock appreciation rights, restricted stock, restricted stock units, performance share units and performance units. In addition, the plan provides for the automatic grant of restricted stock units to non-employee directors and permits the grant of share-based awards to non-employee directors and consultants. Share-based awards made under the plan may be subject to accelerated vesting under certain circumstances, including in the event of a change in control. In addition, we have an Omnibus Employees’ Stock Purchase Plan (ESPP), which enables eligible employees to purchase our common stock.

During the three and nine months ended July 27, 2025 and July 28, 2024, we recognized share-based compensation expense related to equity awards and ESPP shares. The effect of share-based compensation on the results of operations was as follows:


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024

	(In millions)
Cost of products sold	$	40	$	33	$	118	$	98
Research, development and engineering	65		53		196		163
Marketing and selling	21		17		63		53
General and administrative	32		29		135		122

Total share-based compensation	$	158	$	132	$	512	$	436

The cost associated with share-based awards is typically recognized over the awards’ service period for the entire award on a straight-line basis, adjusting for estimated forfeitures. However, in the case of share-based awards granted to certain members of senior management that allow for partial accelerated vesting in the event of a qualifying retirement based on age and years of service, the compensation expense is recognized once the individual meets the conditions for a qualifying retirement. We calculate estimated forfeiture rate on an annual basis, based on historical forfeiture activities. The cost associated with performance-based equity awards, which include performance and/or market goals, is recognized for each tranche over the service period. The cost of the portion of performance-based equity awards subject to performance goals is recognized based on an assessment of the likelihood that the applicable performance goals will be achieved, and the cost of the portion of performance-based equity awards subject to market goals is recognized based on the assumption of 100% achievement of the goal.

As of July 27, 2025, we had $1.1 billion in total unrecognized compensation expense, net of estimated forfeitures, related to grants of share-based awards under the ESIP and shares issued under the ESPP, which will be recognized over a weighted average period of 2.6 years. As of July 27, 2025, there were 17 million shares available for grant of share-based awards under the ESIP, and an additional 9 million shares available for issuance under the ESPP.

Restricted Stock Units, Restricted Stock, Performance Share Units and Performance Units

A summary of the changes in restricted stock units, restricted stock, performance share units and performance units outstanding under our equity compensation plans during the nine months ended July 27, 2025 is presented below:


	Shares	Weighted Average Grant Date Fair Value

	(In millions, except per share amounts)
Outstanding as of October 27, 2024	10	$	129.31
Granted	4	$	166.59
Vested	(4)	$	127.02
Canceled	—	$	137.99
Outstanding as of July 27, 2025	10	$	145.58

As of July 27, 2025, 0.8 million additional performance-based awards could be earned based upon achievement of certain levels of specified performance and/or market goals.

A summary of the weighted-average grant date fair value per share of the granted restricted stock units, restricted stock, performance share units and performance units and total fair value vested awards for indicated periods is presented below:


	Nine Months Ended
	July 27, 2025		July 28, 2024
	(In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted	$	166.59	$	148.07
Total fair value of vested awards	$	522	$	468

During the first quarter of fiscal 2025, certain members of senior management were granted both awards subject solely to time-based vesting requirements and awards that are subject to the achievement of certain levels of specific performance and market goals, in addition to time-based vesting requirements (Performance-Based Awards). These Performance-Based Awards are subject to the achievement of targeted levels of non-GAAP economic profit and targeted levels of total shareholder return (TSR) relative to the TSR of the companies in the Standard & Poor’s 500 Index. Each of these two metrics will be weighted 50% and will be measured over a three-year period.

The number of Performance-Based Awards that may vest in full after three years ranges from 0% to 200% of the target amount. The awards become eligible to vest only if the goals are achieved and will vest only if the grantee remains employed by us through each applicable vesting date, subject to a qualifying retirement based on age and years of service. The awards provide for a partial vesting based on actual performance at the conclusion of the three-year performance period in the event of a qualifying retirement.

Omnibus Employees’ Stock Purchase Plan

Under the ESPP, substantially all employees may purchase our common stock through payroll deductions at a price equal to 85 percent of the lower of the fair market value of our common stock at the beginning or end of each 6-month purchase period, subject to certain limits. Our purchasing cycles begin in March and September of each of fiscal year. We issued a total of 1 million shares in each of the nine months ended July 27, 2025 and July 28, 2024. Compensation expense is calculated using the fair value of the employees’ purchase rights under the Black-Scholes model. Underlying assumptions used in the model are outlined in the following table:



	Nine Months Ended
	July 27, 2025	July 28, 2024

Dividend yield	1.21%	0.76%
Expected volatility	42.3%	35.6%
Risk-free interest rate	4.27%	5.27%
Expected life (in years)	0.5	0.5
Weighted average estimated fair value	$41.47	$53.98

Industry Segment Operations (Tables)

9 Months Ended

Jul. 27, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting

Net revenue and operating income (loss) for each reportable segment were as follows:


	Three Months Ended				Nine Months Ended
	Net Revenue		Operating Income (Loss)		Net Revenue		Operating Income (Loss)

	(In millions)
July 27, 2025:
Semiconductor Systems	$	5,427	$	1,966	$	16,038	$	5,852
Applied Global Services	1,600		445		4,760		1,338
Display	263		62		705		144
Corporate and Other	12		(240)		65		(757)
Total	$	7,302	$	2,233	$	21,568	$	6,577
July 28, 2024:
Semiconductor Systems	$	4,924	$	1,712	$	14,734	$	5,157
Applied Global Services	1,580		467		4,586		1,320
Display	251		16		674		46
Corporate and Other	23		(253)		137		(702)
Total	$	6,778	$	1,942	$	20,131	$	5,821

Details of goodwill by reportable segment as of July 27, 2025 and October 27, 2024 were as follows:


	July 27, 2025		October 27, 2024

	(In millions)
Goodwill by reportable segment
Semiconductor Systems	$	2,476	$	2,460
Applied Global Services	1,032		1,032
Display	199		199
Corporate and Other	41		41
	$	3,748	$	3,732

Schedule of Revenue from External Customers by Geographic Areas

Net revenue by geographic region, determined by the location of customers’ facilities to which products were shipped and services were performed, was as follows:


	Three Months Ended										Nine Months Ended
	July 27, 2025				July 28, 2024				Change		July 27, 2025				July 28, 2024				Change

	(In millions, except percentages)
China	$	2,548	35	%	$	2,153	32	%	18	%	$	6,565	30	%	$	7,981	40	%	(18)	%
Korea	1,160		16	%	1,102		16	%	5	%	4,389		20	%	3,321		16	%	32	%
Taiwan	1,843		25	%	1,148		17	%	61	%	5,023		23	%	2,726		14	%	84	%
Japan	713		10	%	555		8	%	28	%	1,825		9	%	1,573		8	%	16	%
Southeast Asia	195		3	%	428		6	%	(54)	%	616		3	%	827		4	%	(26)	%
Asia Pacific	6,459		89	%	5,386		79	%	20	%	18,418		85	%	16,428		82	%	12	%
United States	683		9	%	1,053		16	%	(35)	%	2,408		11	%	2,665		13	%	(10)	%
Europe	160		2	%	339		5	%	(53)	%	742		4	%	1,038		5	%	(29)	%
Total	$	7,302	100	%	$	6,778	100	%	8	%	$	21,568	100	%	$	20,131	100	%	7	%

Schedule of Disaggregation of Revenue

Net revenue for Semiconductor Systems by market for the periods presented were as follows:


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024
Foundry, logic and other	69	%	72	%	67	%	66	%
Dynamic random-access memory (DRAM)	22	%	24	%	26	%	30	%
Flash memory (NAND)	9	%	4	%	7	%	4	%

	100	%	100	%	100	%	100	%

Schedule of Reconciliations of Total Segment Operating Income to Consolidated Operating Income (Loss)

The reconciling items included in Corporate and Other were as follows:


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024

	(In millions)
Unallocated net revenue	$	12	$	23	$	65	$	137
Unallocated cost of products sold and expenses	(252)		(276)		(822)		(839)





Total	$	(240)	$	(253)	$	(757)	$	(702)

Fair Value Measurements (Tables)

9 Months Ended

Jul. 27, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The following table presents our fair value hierarchy for our financial assets (excluding cash balances) measured at fair value on a recurring basis:


	July 27, 2025				October 27, 2024
	Level 1		Level 2		Total		Level 1		Level 2		Total

	(In millions)
Assets:
Available-for-sale debt security investments
Money market funds*	$	994	$	—	$	994	$	3,512	$	—	$	3,512
Bank certificates of deposit and time deposits	—		66		66		—		103		103
U.S. Treasury and agency securities	2,500		193		2,693		2,684		14		2,698
Non-U.S. government securities	—		5		5		—		5		5
Municipal securities	—		501		501		—		460		460
Commercial paper, corporate bonds and medium-term notes	—		2,649		2,649		—		2,590		2,590
Asset-backed and mortgage-backed securities	—		623		623		—		654		654
Total available-for-sale debt security investments	$	3,494	$	4,037	$	7,531	$	6,196	$	3,826	$	10,022
Equity investments with readily determinable values

Publicly traded equity securities	$	1,903	$	—	$	1,903	$	723	$	—	$	723
Total equity investments with readily determinable values	$	1,903	$	—	$	1,903	$	723	$	—	$	723
Total	$	5,397	$	4,037	$	9,434	$	6,919	$	3,826	$	10,745

_________________________

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				9 Months Ended
	Jul. 27, 2025	Apr. 27, 2025	Jan. 26, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024	Mar. 31, 2025	Mar. 31, 2023
Equity [Line Items]
Authorized amount							$ 10,000	$ 10,000
Remaining authorized repurchase amount	$ 14,800				$ 14,800
Dividends declared per share (in dollars per share)	$ 0.46	$ 0.46	$ 0.40	$ 0.40	$ 1.32	$ 1.12
Payments of dividends to stockholders					$ 1,019	$ 863
Employee Stock Incentive Plan
Equity [Line Items]
Number of shares available for grant	17.0				17.0
Employee Stock Purchase Plan
Equity [Line Items]
Number of shares available for grant	9.0				9.0
Purchase period					6 months
Number of shares issued under the ESPP (in shares)					1.0	1.0
Employee Stock
Equity [Line Items]
Performance of total shareholder return					100.00%
Total unrecognized compensation expense	$ 1,100				$ 1,100
Weighted average period for unrecognized compensation expense to be recognized					2 years 7 months 6 days
Employee Stock \| Employee Stock Purchase Plan
Equity [Line Items]
Purchase price of common stock, percent					85.00%
Performance Shares
Equity [Line Items]
Additional performance-based awards to be earned upon certain levels of achievement (in shares)	0.8				0.8
Weight of metric (as a percent)			50.00%
Award measurement period			3 years
Performance Shares \| Minimum
Equity [Line Items]
Award vesting rights, percentage of target amount			0.00%
Performance Shares \| Maximum
Equity [Line Items]
Award vesting rights, percentage of target amount			200.00%

Balance Sheet Detail - Other Current Assets (Details) - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024
Other Current Assets
Prepaid income taxes and income taxes receivable	$ 56	$ 120
Prepaid expenses and other	1,069	974
Total other current assets	$ 1,125	$ 1,094

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024	Oct. 27, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment losses on equity investments	$ 0	$ 0	$ 0	$ 0
Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt principal amount	5,500		5,500		$ 5,500
Senior Notes \| Level 2 \| Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt fair value	$ 5,000		$ 5,000		$ 5,100

- Definition

The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Changes in Components of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 18,961	$ 18,199	$ 19,001	$ 16,349
Other comprehensive income (loss) before reclassifications			64	71
Amounts reclassified out of AOCI			2	0
Other comprehensive income (loss), net of tax	42	26	66	71
Ending Balance	19,504	18,840	19,504	18,840
AOCI Attributable to Parent
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(144)	(172)	(168)	(217)
Other comprehensive income (loss), net of tax	42	26	66	71
Ending Balance	(102)	(146)	(102)	(146)
Unrealized Gain (Loss) on Investments, Net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			(7)	(50)
Other comprehensive income (loss) before reclassifications			7	27
Amounts reclassified out of AOCI			0	9
Other comprehensive income (loss), net of tax			7	36
Ending Balance	0	(14)	0	(14)
Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			(87)	(118)
Other comprehensive income (loss) before reclassifications			57	44
Amounts reclassified out of AOCI			2	0
Other comprehensive income (loss), net of tax			59	44
Ending Balance	(28)	(74)	(28)	(74)
Defined and Postretirement Benefit Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			(87)	(62)
Other comprehensive income (loss) before reclassifications			0	0
Amounts reclassified out of AOCI			0	(9)
Other comprehensive income (loss), net of tax			0	(9)
Ending Balance	(87)	(71)	(87)	(71)
Cumulative Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			13	13
Other comprehensive income (loss) before reclassifications			0	0
Amounts reclassified out of AOCI			0	0
Other comprehensive income (loss), net of tax			0	0
Ending Balance	$ 13	$ 13	$ 13	$ 13

Contract Balances and Performance Obligations (Tables)

9 Months Ended

Jul. 27, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Contract Balances

Contract balances at the end of each reporting period were as follows:


	July 27, 2025		October 27, 2024
	(In millions)

Contract assets	$	306	$	269
Contract liabilities	$	2,470	$	2,849

Borrowing Facilities and Debt - Narrative (Details) - USD ($)	Jul. 27, 2025	Jun. 01, 2025	May 31, 2025	Feb. 28, 2025	Oct. 27, 2024	Feb. 29, 2020
Debt Instrument [Line Items]
Short-term debt	$ 799,000,000				$ 799,000,000
Commercial Paper
Debt Instrument [Line Items]
Commercial paper		$ 2,000,000,000	$ 1,500,000,000
Short-term debt	$ 100,000,000				$ 100,000,000
Debt, weighted average interest rate	4.31%				5.06%
Debt securities, held-to-maturity, threshold period past due	77 days				63 days
Revolving Credit Facility \| Unsecured Debt
Debt Instrument [Line Items]
Outstanding credit facilities	$ 0				$ 0
Revolving Credit Facility \| Unsecured Debt \| Revolving Credit Facility, February 2030 Expiration
Debt Instrument [Line Items]
Available revolving credit agreement				$ 2,000,000,000
Accordion feature, increase limit				500,000,000
Accordion feature, higher borrowing capacity option				$ 2,500,000,000
Revolving Credit Facility \| Unsecured Debt \| Revolving Credit Facility, February 2026 Expiration
Debt Instrument [Line Items]
Available revolving credit agreement						$ 1,500,000,000
Foreign Line of Credit
Debt Instrument [Line Items]
Available revolving credit agreement	55,000,000
Outstanding credit facilities	$ 0				$ 0

Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)

9 Months Ended

Jul. 27, 2025

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss), After-Tax Basis

Changes in the components of accumulated other comprehensive income (loss) (AOCI), net of tax, were as follows:


	Unrealized Gain (Loss) on Investments, Net		Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges		Defined and Postretirement Benefit Plans		Cumulative Translation Adjustments		Total

	(in millions)
Balance as of October 27, 2024	$	(7)	$	(87)	$	(87)	$	13	$	(168)


Other comprehensive income (loss) before reclassifications	7		57		—		—		64
Amounts reclassified out of AOCI	—		2		—		—		2
Other comprehensive income (loss), net of tax	7		59		—		—		66
Balance as of July 27, 2025	$	—	$	(28)	$	(87)	$	13	$	(102)


	Unrealized Gain (Loss) on Investments, Net		Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges		Defined and Postretirement Benefit Plans		Cumulative Translation Adjustments		Total

	(in millions)
Balance as of October 29, 2023	$	(50)	$	(118)	$	(62)	$	13	$	(217)


Other comprehensive income (loss) before reclassifications	27		44		—		—		71
Amounts reclassified out of AOCI	9		—		(9)		—		—
Other comprehensive income (loss), net of tax	36		44		(9)		—		71
Balance as of July 28, 2024	$	(14)	$	(74)	$	(71)	$	13	$	(146)

Schedule of Stock Repurchases

The following table summarizes our stock repurchases, including and excluding excise tax, for the three and nine months ended July 27, 2025 and July 28, 2024:


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024

	(in millions, except per share amount)
Shares of common stock repurchased	6		4		25		13
Cost of stock repurchased (including excise tax)*	$	1,038	$	868	$	4,037	$	2,398
Average price paid per share (including excise tax)*	$	164.47	$	222.82	$	160.95	$	189.90
Cost of stock repurchased (excluding excise tax)	$	1,028	$	861	$	4,003	$	2,381
Average price paid per share (excluding excise tax)	$	162.97	$	221.27	$	159.60	$	188.60

Schedule of Effect of Share-Based Compensation on the Results of Operations

The effect of share-based compensation on the results of operations was as follows:


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024

	(In millions)
Cost of products sold	$	40	$	33	$	118	$	98
Research, development and engineering	65		53		196		163
Marketing and selling	21		17		63		53
General and administrative	32		29		135		122

Total share-based compensation	$	158	$	132	$	512	$	436

Schedule of Changes in Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units


	Shares	Weighted Average Grant Date Fair Value

	(In millions, except per share amounts)
Outstanding as of October 27, 2024	10	$	129.31
Granted	4	$	166.59
Vested	(4)	$	127.02
Canceled	—	$	137.99
Outstanding as of July 27, 2025	10	$	145.58


	Nine Months Ended
	July 27, 2025		July 28, 2024
	(In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted	$	166.59	$	148.07
Total fair value of vested awards	$	522	$	468

Schedule of Employee Stock Purchase Plan

Underlying assumptions used in the model are outlined in the following table:



	Nine Months Ended
	July 27, 2025	July 28, 2024

Dividend yield	1.21%	0.76%
Expected volatility	42.3%	35.6%
Risk-free interest rate	4.27%	5.27%
Expected life (in years)	0.5	0.5
Weighted average estimated fair value	$41.47	$53.98

Industry Segment Operations - Net Sales by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Segment Reporting Information [Line Items]
Net revenue	$ 7,302	$ 6,778	$ 21,568	$ 20,131
Change	8.00%		7.00%
Revenue \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Asia Pacific
Segment Reporting Information [Line Items]
Net revenue	$ 6,459	$ 5,386	$ 18,418	$ 16,428
Change	20.00%		12.00%
Asia Pacific \| Revenue \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	89.00%	79.00%	85.00%	82.00%
China
Segment Reporting Information [Line Items]
Net revenue	$ 2,548	$ 2,153	$ 6,565	$ 7,981
Change	18.00%		(18.00%)
China \| Revenue \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	35.00%	32.00%	30.00%	40.00%
Korea
Segment Reporting Information [Line Items]
Net revenue	$ 1,160	$ 1,102	$ 4,389	$ 3,321
Change	5.00%		32.00%
Korea \| Revenue \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	16.00%	16.00%	20.00%	16.00%
Taiwan
Segment Reporting Information [Line Items]
Net revenue	$ 1,843	$ 1,148	$ 5,023	$ 2,726
Change	61.00%		84.00%
Taiwan \| Revenue \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	25.00%	17.00%	23.00%	14.00%
Japan
Segment Reporting Information [Line Items]
Net revenue	$ 713	$ 555	$ 1,825	$ 1,573
Change	28.00%		16.00%
Japan \| Revenue \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	10.00%	8.00%	9.00%	8.00%
Southeast Asia
Segment Reporting Information [Line Items]
Net revenue	$ 195	$ 428	$ 616	$ 827
Change	(54.00%)		(26.00%)
Southeast Asia \| Revenue \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	3.00%	6.00%	3.00%	4.00%
United States
Segment Reporting Information [Line Items]
Net revenue	$ 683	$ 1,053	$ 2,408	$ 2,665
Change	(35.00%)		(10.00%)
United States \| Revenue \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	9.00%	16.00%	11.00%	13.00%
Europe
Segment Reporting Information [Line Items]
Net revenue	$ 160	$ 339	$ 742	$ 1,038
Change	(53.00%)		(29.00%)
Europe \| Revenue \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	2.00%	5.00%	4.00%	5.00%

Cash, Cash Equivalents and Investments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Cash and Cash Equivalents [Abstract]
Interest income	$ 92	$ 124	$ 309	$ 345

Balance Sheet Detail (Tables)

9 Months Ended

Jul. 27, 2025

Balance Sheet Detail [Abstract]

Schedule of Inventories


	July 27, 2025		October 27, 2024

	(In millions)
Inventories
Customer service spares	$	1,761	$	1,742
Raw materials	2,002		1,680
Work-in-process	925		879
Finished goods
Deferred cost of sales	197		217
Evaluation inventory	520		459
Manufactured on-hand inventory	402		444
Total finished goods	1,119		1,120
Total inventories	$	5,807	$	5,421

Schedule of Other Current Assets


	July 27, 2025		October 27, 2024

	(In millions)
Other Current Assets


Prepaid income taxes and income taxes receivable	$	56	$	120
Prepaid expenses and other	1,069		974
	$	1,125	$	1,094

Schedule of Property, Plant and Equipment, Net


	Useful Life	July 27, 2025		October 27, 2024

	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	537	$	492
Buildings and improvements	3-30	2,662		2,359
Demonstration and manufacturing equipment	5-8	2,766		2,578
Furniture, fixtures and other equipment	3-5	830		782
Construction in progress		1,316		898
Gross property, plant and equipment		8,111		7,109
Accumulated depreciation		(3,987)		(3,770)
		$	4,124	$	3,339

Schedule of Deferred Income Taxes and Other Assets


	July 27, 2025		October 27, 2024

	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,288	$	2,393
Operating lease right-of-use assets	519		375

Income tax receivables and other assets	443		314
	$	2,250	$	3,082

Schedule of Accounts Payable and Accrued Expenses


	July 27, 2025		October 27, 2024

	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,769	$	1,570

Compensation and employee benefits	1,109		1,188

Warranty	363		364
Dividends payable	366		327
Income taxes payable	157		535




Operating lease liabilities, current	88		87

Other	762		749
	$	4,614	$	4,820

Schedule of Other Liabilities


	July 27, 2025		October 27, 2024

	(In millions)
Other Liabilities


Defined and postretirement benefit plans	$	152	$	142
Operating lease liabilities, non-current	412		259

Other	467		409
	$	1,031	$	810

Basis of Presentation and Recently Adopted Accounting Standards (Policies)	9 Months Ended
	Jul. 27, 2025
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation In the opinion of our management, the unaudited interim consolidated condensed financial statements of Applied Materials, Inc. and its subsidiaries (we, us, and our) included herein have been prepared on a basis consistent with the October 27, 2024 audited consolidated financial statements and include all material adjustments, consisting of normal recurring adjustments, necessary to fairly state the information set forth therein. These unaudited interim consolidated condensed financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 27, 2024 (2024 Form 10-K). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make judgments, estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates. Our results of operations for the three and nine months ended July 27, 2025 are not necessarily indicative of future operating results. Our fiscal year ends on the last Sunday in October of each year. Fiscal 2025 and 2024 contain 52 weeks each and the first nine months of fiscal 2025 and 2024 each contained 39 weeks.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. In June 2022, the Financial Accounting Standards Board (FASB) issued an accounting standard update which clarifies how the fair value of equity securities subject to contractual sale restrictions is determined (Topic 820). The amendment clarifies that a contractual sale restriction should not be considered in measuring fair value. It also requires certain qualitative and quantitative disclosures related to equity securities subject to contractual sale restrictions. We adopted this authoritative guidance in the first quarter of fiscal 2025. The adoption of this guidance did not have a significant impact on our consolidated condensed financial statements.
Assets and Liabilities without Readily Determinable Values Measured on a Non-recurring Basis	Assets and Liabilities without Readily Determinable Values Measured on a Non-recurring Basis Our equity investments without readily determinable values consist of equity investments in privately held companies. We elected the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes on a prospective basis for certain equity investments without readily determinable fair values and are required to account for any subsequent observable changes in fair value within the statements of operations. These investments are classified as Level 3 within the fair value hierarchy and periodically assessed for impairment when an event or circumstance indicates that a decline in value may have occurred. Impairment losses on equity investments in privately held companies are included in interest and other income (expense), net in the Consolidated Condensed Statement of Operations and were not material during the three and nine months ended July 27, 2025 and July 28, 2024.
Derivative Financial Instruments	We do not use derivative financial instruments for trading or speculative purposes. Derivative instruments and hedging activities, including foreign exchange and interest rate contracts, are recognized on the balance sheet at fair value. Changes in the fair value of derivatives that do not qualify for hedge accounting treatment are recognized currently in earnings. All of our derivative financial instruments are recorded at their fair value in other current assets or in accounts payable and accrued expenses. Hedges related to anticipated transactions are designated and documented at the inception of the hedge as cash flow hedges and foreign exchange derivatives are typically entered into once per month. Cash flow hedges are evaluated for effectiveness quarterly. The effective portion of the gain or loss on these hedges is reported as a component of accumulated other comprehensive income (loss) (AOCI) in stockholders’ equity and is reclassified into earnings when the hedged transaction affects earnings. The majority of the after-tax net income or loss related to foreign exchange derivative instruments included in AOCI as of July 27, 2025 is expected to be reclassified into earnings within 12 months. Changes in fair value caused by changes in time value of option contracts designated as cash flow hedges are excluded from the assessment of effectiveness. The initial value of this excluded component is amortized on a straight-line basis over the life of the hedging instrument and recognized in the financial statement line item to which the hedge relates. If the transaction being hedged is probable not to occur, we recognize the gain or loss on the associated financial instrument in the consolidated condensed statement of operations. Foreign currency forward contracts are generally used to hedge certain foreign currency denominated assets or liabilities. Accordingly, changes in the fair value of these hedges are recorded in earnings to offset the changes in the fair value of the assets or liabilities being hedged.
Accounts Receivable, Net	We maintain an allowance for credit losses for estimated losses resulting from the inability of our customers to make required payments. This allowance is based on historical experience, credit evaluations, specific customer collection history and any customer-specific issues we have identified. Changes in circumstances, such as an unexpected material adverse change in a major customer’s ability to meet its financial obligation to us or its payment trends, may require us to further adjust our estimates of the recoverability of amounts due to us. Bad debt expense and any reversals are recorded in marketing and selling expenses in the Consolidated Condensed Statement of Operations.
Contract Assets and Liabilities	Contract assets primarily result from receivables for goods transferred to customers where payment is conditional upon technical sign off and not just the passage of time. Contract liabilities consist of unsatisfied performance obligations related to advance payments received and billings in excess of revenue recognized. Our contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. Contract assets are generally classified as current and are included in Other Current Assets in the Consolidated Condensed Balance Sheets. Contract liabilities are classified as current or non-current based on the timing of when performance obligations will be satisfied and associated revenue is expected to be recognized.
Treasury Stock	We record treasury stock purchases under the cost method using the first-in, first-out (FIFO) method. Upon reissuance of treasury stock, amounts in excess of the acquisition cost are credited to additional paid in capital. If we reissue treasury stock at an amount below our acquisition cost and additional paid in capital associated with prior treasury stock transactions is insufficient to cover the difference between the acquisition cost and the reissue price, this difference is recorded against retained earnings.
Share-Based Compensation	The cost associated with share-based awards is typically recognized over the awards’ service period for the entire award on a straight-line basis, adjusting for estimated forfeitures. However, in the case of share-based awards granted to certain members of senior management that allow for partial accelerated vesting in the event of a qualifying retirement based on age and years of service, the compensation expense is recognized once the individual meets the conditions for a qualifying retirement. We calculate estimated forfeiture rate on an annual basis, based on historical forfeiture activities. The cost associated with performance-based equity awards, which include performance and/or market goals, is recognized for each tranche over the service period. The cost of the portion of performance-based equity awards subject to performance goals is recognized based on an assessment of the likelihood that the applicable performance goals will be achieved, and the cost of the portion of performance-based equity awards subject to market goals is recognized based on the assumption of 100% achievement of the goal.
Performance Based Awards	During the first quarter of fiscal 2025, certain members of senior management were granted both awards subject solely to time-based vesting requirements and awards that are subject to the achievement of certain levels of specific performance and market goals, in addition to time-based vesting requirements (Performance-Based Awards). These Performance-Based Awards are subject to the achievement of targeted levels of non-GAAP economic profit and targeted levels of total shareholder return (TSR) relative to the TSR of the companies in the Standard & Poor’s 500 Index. Each of these two metrics will be weighted 50% and will be measured over a three-year period. The number of Performance-Based Awards that may vest in full after three years ranges from 0% to 200% of the target amount. The awards become eligible to vest only if the goals are achieved and will vest only if the grantee remains employed by us through each applicable vesting date, subject to a qualifying retirement based on age and years of service. The awards provide for a partial vesting based on actual performance at the conclusion of the three-year performance period in the event of a qualifying retirement.

Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Jul. 27, 2025

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents and Investments

The following tables summarize our cash, cash equivalents and investments by security type:


July 27, 2025	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,437	$	—	$	—	$	1,437
Cash equivalents:
Money market funds*	924		—		—		924
Bank certificates of deposit and time deposits	60		—		—		60
U.S. Treasury and agency securities	1,114		—		—		1,114

Municipal securities	34		—		—		34
Commercial paper, corporate bonds and medium-term notes	1,815		—		—		1,815

Total cash equivalents	3,947		—		—		3,947
Total cash and cash equivalents	$	5,384	$	—	$	—	$	5,384
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	6	$	—	$	—	$	6
U.S. Treasury and agency securities	1,578		1		—		1,579
Non-U.S. government securities**	5		—		—		5
Municipal securities	465		3		1		467
Commercial paper, corporate bonds and medium-term notes	831		4		1		834
Asset-backed and mortgage-backed securities	623		2		2		623
Total fixed income securities	3,508		10		4		3,514
Publicly traded equity securities	1,438		467		2		1,903
Equity investments in privately held companies	315		69		38		346
Total equity investments	1,753		536		40		2,249
Total short-term and long-term investments	$	5,261	$	546	$	44	$	5,763
Total cash, cash equivalents and investments	$	10,645	$	546	$	44	$	11,147

_________________________

*Excludes $70 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.


October 27, 2024	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,313	$	—	$	—	$	1,313
Cash equivalents:
Money market funds*	3,421		—		—		3,421
Bank certificates of deposit and time deposits	90		—		—		90
U.S. Treasury and agency securities	1,394		—		—		1,394

Municipal securities	19		—		—		19
Commercial paper, corporate bonds and medium-term notes	1,785		—		—		1,785
Total cash equivalents	6,709		—		—		6,709
Total cash and cash equivalents	$	8,022	$	—	$	—	$	8,022
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	13	$	—	$	—	$	13
U.S. Treasury and agency securities	1,306		—		2		1,304
Non-U.S. government securities**	5		—		—		5
Municipal securities	441		2		2		441
Commercial paper, corporate bonds and medium-term notes	803		4		2		805
Asset-backed and mortgage-backed securities	656		3		5		654
Total fixed income securities	3,224		9		11		3,222
Publicly traded equity securities	543		185		5		723
Equity investments in privately held companies	255		58		22		291
Total equity investments	798		243		27		1,014
Total short-term and long-term investments	$	4,022	$	252	$	38	$	4,236
Total cash, cash equivalents and investments	$	12,044	$	252	$	38	$	12,258

_________________________

*Excludes $91 million of restricted cash equivalents invested in money market funds related to deferred compensation plans.

**Includes Canadian provincial government debt.

Schedule of Contractual Maturities of Investments

The following table summarizes the contractual maturities of our investments as of July 27, 2025:


	Cost		Estimated Fair Value

	(In millions)
Due in one year or less	$	1,565	$	1,564
Due after one through five years	1,317		1,324
Due after five years	3		3
No single maturity date*	2,376		2,872
Total	$	5,261	$	5,763

_________________________

*Securities with no single maturity date include publicly traded and privately held equity securities and asset-backed and mortgage-backed securities.

Schedule of Components of Gain (Loss) on Equity Investment

The components of gain (loss) on equity investments for the three and nine months ended July 27, 2025 and July 28, 2024 were as follows:


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024

	(In millions)
Publicly traded equity securities
Unrealized gain	$	311	$	6	$	424	$	318
Unrealized loss	—		(30)		(139)		(33)
Realized gain on sales and dividends	5		3		30		5
Realized loss on sales or impairment	—		—		—		(1)
Equity investments in privately held companies
Unrealized gain	9		1		16		2
Unrealized loss	(6)		(2)		(13)		(12)
Realized gain on sales and dividends	1		—		8		3
Realized loss on sales or impairment	(22)		(19)		(27)		(19)
Total gain (loss) on equity investments, net	$	298	$	(41)	$	299	$	263

Consolidated Condensed Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended				9 Months Ended
	Jul. 27, 2025	Apr. 27, 2025	Jan. 26, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Statement of Stockholders' Equity [Abstract]
Dividends declared per share (in dollars per share)	$ 0.46	$ 0.46	$ 0.40	$ 0.40	$ 1.32	$ 1.12

Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Statement of Comprehensive Income [Abstract]
Net income	$ 1,779	$ 1,705	$ 5,101	$ 5,446
Other comprehensive income (loss), net of tax:
Change in unrealized gain (loss) on available-for-sale investments	2	18	7	36
Change in unrealized net loss on derivative instruments	40	8	59	44
Change in defined and postretirement benefit plans	0	0	0	(9)
Other comprehensive income (loss), net of tax	42	26	66	71
Comprehensive income	$ 1,821	$ 1,731	$ 5,167	$ 5,517

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3A
-Subparagraph (24)(d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-3A

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 19: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 34: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 45: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 47: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

Reference 49: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Guarantees, Commitments and Contingencies	9 Months Ended
Guarantees, Commitments and Contingencies	Jul. 27, 2025
Commitments and Contingencies Disclosure [Abstract]
Guarantees, Commitments and Contingencies	Guarantees, Commitments and Contingencies Guarantees In the ordinary course of business, we provide standby letters of credit or other guarantee instruments to third parties as required for certain transactions initiated by either us or our subsidiaries. As of July 27, 2025, the maximum potential amount of future payments that we could be required to make under these guarantee agreements was approximately $376 million. We have not recorded any liability in connection with these guarantee agreements beyond that required to appropriately account for the underlying transaction being guaranteed. We do not believe, based on historical experience and information currently available, that it is probable that any amounts will be required to be paid under these guarantee agreements. We also have agreements with various banks to facilitate subsidiary banking operations worldwide, including overdraft arrangements, issuance of bank guarantees, and letters of credit. As of July 27, 2025, we have provided parent guarantees to banks for approximately $294 million to cover these arrangements. Legal Matters From time to time, we receive notification from third parties, including customers and suppliers, seeking indemnification, litigation support, payment of money or other actions by us in connection with claims made against them. In addition, from time to time, we receive notification from third parties claiming that we may be or are infringing or misusing their intellectual property or other rights. We also are subject to various legal proceedings, government investigations or inquiries, and claims, both asserted and unasserted, that arise in the ordinary course of business. These matters are subject to uncertainties, and we cannot predict the outcome of these matters, or governmental inquiries or proceedings that may occur. Although the outcome of the above-described matters, claims and proceedings cannot be predicted with certainty, we do not believe at this time that any of the above-described matters will have a material effect on our consolidated financial condition or results of operations. Since 2022, we have received multiple subpoenas from government authorities requesting information relating to certain China customer shipments and export controls compliance, including from the U.S. Department of Justice, the U.S. Commerce Department Bureau of Industry and Security, and the U.S. Securities and Exchange Commission. We also have received subpoenas from the U.S. Department of Justice requesting information related to certain federal award applications and information submitted to the federal government. We are cooperating fully with the U.S. government in these matters. We have continued to receive related subpoenas, as well as requests for information, and may in the future receive additional related subpoenas and requests for information from such or other government authorities. Any such matters are subject to uncertainties, and we cannot predict the outcome, nor reasonably estimate a range of loss or penalties, if any, relating to these matters.

Balance Sheet Detail

9 Months Ended

Jul. 27, 2025

Balance Sheet Detail [Abstract]

Balance Sheet Detail


	July 27, 2025		October 27, 2024

	(In millions)
Inventories
Customer service spares	$	1,761	$	1,742
Raw materials	2,002		1,680
Work-in-process	925		879
Finished goods
Deferred cost of sales	197		217
Evaluation inventory	520		459
Manufactured on-hand inventory	402		444
Total finished goods	1,119		1,120
Total inventories	$	5,807	$	5,421


	July 27, 2025		October 27, 2024

	(In millions)
Other Current Assets


Prepaid income taxes and income taxes receivable	$	56	$	120
Prepaid expenses and other	1,069		974
	$	1,125	$	1,094


	Useful Life	July 27, 2025		October 27, 2024

	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	537	$	492
Buildings and improvements	3-30	2,662		2,359
Demonstration and manufacturing equipment	5-8	2,766		2,578
Furniture, fixtures and other equipment	3-5	830		782
Construction in progress		1,316		898
Gross property, plant and equipment		8,111		7,109
Accumulated depreciation		(3,987)		(3,770)
		$	4,124	$	3,339


	July 27, 2025		October 27, 2024

	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,288	$	2,393
Operating lease right-of-use assets	519		375

Income tax receivables and other assets	443		314
	$	2,250	$	3,082


	July 27, 2025		October 27, 2024

	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,769	$	1,570

Compensation and employee benefits	1,109		1,188

Warranty	363		364
Dividends payable	366		327
Income taxes payable	157		535




Operating lease liabilities, current	88		87

Other	762		749
	$	4,614	$	4,820


	July 27, 2025		October 27, 2024

	(In millions)
Other Liabilities


Defined and postretirement benefit plans	$	152	$	142
Operating lease liabilities, non-current	412		259

Other	467		409
	$	1,031	$	810

Government Assistance

Capital expenditure related incentives reduced gross property, plant and equipment, net by $907 million as of July 27, 2025. Contra-depreciation expense was not material during the three and nine months ended July 27, 2025. Operating incentives recognized as a reduction to research, development and engineering expense were $6 million and $24 million in the three and nine months ended July 27, 2025, respectively. Capital expenditure related incentives reduced our income taxes payable by $463 million as of July 27, 2025, of which $309 million is in accounts payable and accrued expenses and $154 million is in deferred income taxes and other assets, in our Consolidated Condensed Balance Sheets.

Consolidated Condensed Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Income Statement [Abstract]
Net revenue	$ 7,302	$ 6,778	$ 21,568	$ 20,131
Cost of products sold	3,740	3,573	11,025	10,569
Gross profit	3,562	3,205	10,543	9,562
Operating expenses:
Research, development and engineering	901	836	2,653	2,375
Marketing and selling	224	205	646	621
General and administrative	204	222	667	745
Total operating expenses	1,329	1,263	3,966	3,741
Income from operations	2,233	1,942	6,577	5,821
Interest expense	66	63	198	181
Interest and other income (expense), net	396	81	625	617
Income before income taxes	2,563	1,960	7,004	6,257
Provision for income taxes	784	255	1,903	811
Net income	$ 1,779	$ 1,705	$ 5,101	$ 5,446
Earnings per share:
Basic (in dollars per share)	$ 2.23	$ 2.06	$ 6.32	$ 6.57
Diluted (in dollars per share)	$ 2.22	$ 2.05	$ 6.29	$ 6.52
Weighted average number of shares:
Basic (in shares)	798	826	807	829
Diluted (in shares)	802	833	811	835

Borrowing Facilities and Debt - Debt Outstanding (Details) - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024
Debt Instrument [Line Items]
Current portion of long-term debt	$ 700	$ 700
Total long-term debt	5,463	5,460
Senior Notes
Debt Instrument [Line Items]
Long-term debt principal amount	5,500	5,500
Total unamortized discount	(10)	(10)
Total unamortized debt issuance costs	$ (27)	(30)
3.900% Senior Notes Due 2025 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	3.90%
Current portion of long-term debt	$ 700	700
Effective Interest Rate	3.944%
3.300% Senior Notes Due 2027 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	3.30%
Long-term debt principal amount	$ 1,200	1,200
Effective Interest Rate	3.342%
4.800% Senior Notes Due 2029 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.80%
Long-term debt principal amount	$ 700	700
Effective Interest Rate	4.844%
1.750% Senior Notes Due 2030 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	1.75%
Long-term debt principal amount	$ 750	750
Effective Interest Rate	1.792%
5.100% Senior Notes Due 2035 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.10%
Long-term debt principal amount	$ 500	500
Effective Interest Rate	5.127%
5.850% Senior Notes Due 2041 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.85%
Long-term debt principal amount	$ 600	600
Effective Interest Rate	5.879%
4.350% Senior Notes Due 2047 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.35%
Long-term debt principal amount	$ 1,000	1,000
Effective Interest Rate	4.361%
2.750% Senior Notes Due 2050 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	2.75%
Long-term debt principal amount	$ 750	$ 750
Effective Interest Rate	2.773%

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Weighted-Average Grant Date Fair Value Per Share and Total Fair Value Vested Awards (Details) - Restricted Stock Units, Restricted Stock, Performance Shares Units and Performance Units - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value per share of awards granted (in shares)	$ 166.59	$ 148.07
Total fair value of vested awards	$ 522	$ 468

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Balance Sheet Detail - Accounts Payable and Accrued Expense (Details) - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024
Accounts Payable and Accrued Expenses
Accounts payable	$ 1,769	$ 1,570
Compensation and employee benefits	1,109	1,188
Warranty	363	364
Dividends payable	366	327
Income taxes payable	157	535
Operating lease liabilities, current	88	87
Other	762	749
Accounts payable and accrued expenses	$ 4,614	$ 4,820

Derivative Instruments and Hedging Activities	9 Months Ended
Derivative Instruments and Hedging Activities	Jul. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Derivative Financial Instruments We conduct business in a number of foreign countries, with certain transactions denominated in local currencies, such as the Japanese yen, Israeli shekel, euro and Taiwanese dollar. We use derivative financial instruments, such as foreign currency forward and option contracts, to hedge certain forecasted foreign currency denominated transactions expected to occur typically within the next 24 months. The purpose of our foreign currency management is to mitigate the effect of exchange rate fluctuations on certain foreign currency denominated revenues, costs and eventual cash flows. The terms of currency instruments used for hedging purposes are generally consistent with the timing of the transactions being hedged. We do not use derivative financial instruments for trading or speculative purposes. Derivative instruments and hedging activities, including foreign exchange and interest rate contracts, are recognized on the balance sheet at fair value. Changes in the fair value of derivatives that do not qualify for hedge accounting treatment are recognized currently in earnings. All of our derivative financial instruments are recorded at their fair value in other current assets or in accounts payable and accrued expenses. Hedges related to anticipated transactions are designated and documented at the inception of the hedge as cash flow hedges and foreign exchange derivatives are typically entered into once per month. Cash flow hedges are evaluated for effectiveness quarterly. The effective portion of the gain or loss on these hedges is reported as a component of accumulated other comprehensive income (loss) (AOCI) in stockholders’ equity and is reclassified into earnings when the hedged transaction affects earnings. The majority of the after-tax net income or loss related to foreign exchange derivative instruments included in AOCI as of July 27, 2025 is expected to be reclassified into earnings within 12 months. Changes in fair value caused by changes in time value of option contracts designated as cash flow hedges are excluded from the assessment of effectiveness. The initial value of this excluded component is amortized on a straight-line basis over the life of the hedging instrument and recognized in the financial statement line item to which the hedge relates. If the transaction being hedged is probable not to occur, we recognize the gain or loss on the associated financial instrument in the consolidated condensed statement of operations. The amount recognized due to discontinuance of cash flow hedges that were probable of not occurring by the end of the originally specified time period was not significant for the three and nine months ended July 27, 2025 and July 28, 2024. Foreign currency forward contracts are generally used to hedge certain foreign currency denominated assets or liabilities. Accordingly, changes in the fair value of these hedges are recorded in earnings to offset the changes in the fair value of the assets or liabilities being hedged. As of July 27, 2025 and October 27, 2024, the total outstanding notional amounts of foreign exchange contracts were $2.1 billion and $2.0 billion, respectively. The fair values of foreign exchange derivative instruments as of July 27, 2025 and October 27, 2024 were not material. The gain (loss) on derivatives in cash flow hedging relationships recognized in AOCI for derivatives designated as hedging instruments were not material for the three and nine months ended July 27, 2025 and July 28, 2024. The effects of derivative instruments, both those designated as cash flow hedges and those that are not designated, on the Consolidated Condensed Statements of Operations were not material for the three and nine months ended July 27, 2025 and July 28, 2024. Credit Risk Contingent Features If our credit rating were to fall below investment grade, we would be in violation of credit risk contingent provisions of the derivative instruments discussed above, and certain counterparties to the derivative instruments could request immediate payment on derivative instruments in net liability positions. The aggregate fair value of all derivative instruments with credit-risk related contingent features that were in a net liability position was immaterial as of July 27, 2025. Entering into derivative contracts with banks exposes us to credit-related losses in the event of the banks’ nonperformance. However, our exposure is not considered significant.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 185
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-185

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 184
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-184

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 15
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480960/815-15-50-3

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 183
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-183

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4I
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4I

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4F
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4F

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/815/tableOfContent

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-5

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C

+ Details

Earnings Per Share

9 Months Ended

Jul. 27, 2025

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per share is determined using the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined using the weighted average number of common shares and potential common shares (representing the dilutive effect of restricted stock units and employees’ stock purchase plan shares) outstanding during the period. Our net income has not been adjusted for any period presented for purposes of computing basic or diluted earnings per share due to our non-complex capital structure.


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024

	(In millions, except per share amounts)
Numerator:
Net income	$	1,779	$	1,705	$	5,101	$	5,446
Denominator:
Weighted average common shares outstanding	798		826		807		829
Effect of weighted dilutive restricted stock units and employees’ stock purchase plan shares	4		7		4		6
Denominator for diluted earnings per share	802		833		811		835
Basic earnings per share	$	2.23	$	2.06	$	6.32	$	6.57
Diluted earnings per share	$	2.22	$	2.05	$	6.29	$	6.52
Potentially weighted dilutive securities	—		—		—		—

Excluded from the calculation of diluted earnings per share are securities attributable to outstanding restricted stock units where the combined exercise price and average unamortized fair value are greater than the average market price of our common stock, and therefore their inclusion would be anti-dilutive.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jul. 27, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Balance Sheet Detail - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 8,111	$ 7,109
Accumulated depreciation	(3,987)	(3,770)
Net property, plant and equipment	4,124	3,339
Land and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	537	492
Buildings and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 2,662	2,359
Buildings and improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Buildings and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life	30 years
Demonstration and manufacturing equipment
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 2,766	2,578
Demonstration and manufacturing equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Demonstration and manufacturing equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life	8 years
Furniture, fixtures and other equipment
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 830	782
Furniture, fixtures and other equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Furniture, fixtures and other equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Construction in progress
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 1,316	$ 898

Balance Sheet Detail - Other Liabilities (Details) - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024
Other Liabilities
Defined and postretirement benefit plans	$ 152	$ 142
Operating lease liabilities, non-current	412	259
Other	467	409
Total other liabilities	$ 1,031	$ 810

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024
Cash flows from operating activities:
Net income	$ 5,101	$ 5,446
Adjustments required to reconcile net income to cash provided by operating activities:
Depreciation and amortization	321	282
Share-based compensation	512	436
Deferred income taxes	952	(385)
Other	(298)	(199)
Changes in operating assets and liabilities:
Accounts receivable	(538)	195
Inventories	(386)	157
Other current and non-current assets	(36)	353
Accounts payable and accrued expenses	135	(20)
Contract liabilities	(379)	(233)
Income taxes payable	(297)	46
Other liabilities	43	24
Cash provided by operating activities	5,130	6,102
Cash flows from investing activities:
Capital expenditures	(1,475)	(783)
Cash paid for acquisitions, net of cash acquired	(29)	0
Proceeds from asset sale	33	0
Proceeds from sales and maturities of investments	3,937	1,495
Purchases of investments	(5,109)	(1,968)
Cash used in investing activities	(2,643)	(1,256)
Cash flows from financing activities:
Debt borrowings, net of issuance costs	0	694
Proceeds from issuance of commercial paper	400	300
Repayments of commercial paper	(400)	(300)
Proceeds from common stock issuances	129	119
Common stock repurchases	(4,044)	(2,381)
Tax withholding payments for vested equity awards	(210)	(258)
Payments of dividends to stockholders	(1,019)	(863)
Payments of debt issuance costs	(2)	0
Repayments of principal on finance leases	0	(12)
Cash used in financing activities	(5,146)	(2,701)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	(2,659)	2,145
Cash, cash equivalents and restricted cash equivalents — beginning of period	8,113	6,233
Cash, cash equivalents and restricted cash equivalents — end of period	5,454	8,378
Reconciliation of cash, cash equivalents and restricted cash equivalents
Cash and cash equivalents	5,384	8,288
Restricted cash equivalents included in deferred income taxes and other assets	70	90
Total cash, cash equivalents and restricted cash equivalents	5,454	8,378
Supplemental cash flow information:
Cash payments for income taxes	1,269	819
Cash refunds from income taxes	79	7
Cash payments for interest	$ 171	$ 137

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Numerator:
Net income	$ 1,779	$ 1,705	$ 5,101	$ 5,446
Denominator:
Weighted average common shares outstanding (in shares)	798	826	807	829
Effect of weighted dilutive restricted stock units and employee's stock purchase plan shares (in shares)	4	7	4	6
Denominator for diluted earnings per share (in shares)	802	833	811	835
Basic earnings per share (in dollars per share)	$ 2.23	$ 2.06	$ 6.32	$ 6.57
Diluted earnings per share (in dollars per share)	$ 2.22	$ 2.05	$ 6.29	$ 6.52
Potentially weighted dilutive securities (in shares)	0	0	0	0

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-7

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-7

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Industry Segment Operations - Schedule of Segment Reporting (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Segment Reporting Information [Line Items]
Net revenue	$ 7,302	$ 6,778	$ 21,568	$ 20,131
Operating Income (Loss)	2,233	1,942	6,577	5,821
Operating Segments \| Semiconductor Systems
Segment Reporting Information [Line Items]
Net revenue	5,427	4,924	16,038	14,734
Operating Income (Loss)	1,966	1,712	5,852	5,157
Operating Segments \| Applied Global Services
Segment Reporting Information [Line Items]
Net revenue	1,600	1,580	4,760	4,586
Operating Income (Loss)	445	467	1,338	1,320
Operating Segments \| Display
Segment Reporting Information [Line Items]
Net revenue	263	251	705	674
Operating Income (Loss)	62	16	144	46
Corporate and Other
Segment Reporting Information [Line Items]
Net revenue	12	23	65	137
Operating Income (Loss)	$ (240)	$ (253)	$ (757)	$ (702)

- Definition

The net result for the period of deducting operating expenses from operating revenues.

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Income Tax Disclosure [Abstract]
Effective income tax rate provision	30.60%	13.00%	27.20%	13.00%
Valuation allowance	$ 410.0		$ 410.0

Industry Segment Operations

9 Months Ended

Jul. 27, 2025

Segment Reporting [Abstract]

Industry Segment Operations

Our three reportable segments are: Semiconductor Systems, Applied Global Services (AGS), and Display. As defined under the accounting literature, our chief operating decision-maker has been identified as the President and Chief Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire company. Segment information is presented based upon our management organization structure as of July 27, 2025 and the distinctive nature of each segment. Future changes to this internal financial structure may result in changes to our reportable segments.

The Semiconductor Systems reportable segment includes semiconductor capital equipment to enable materials engineering steps including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, advanced wafer packaging, and ion implantation.

The AGS segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, 200mm and other equipment and factory automation software for semiconductor, display and other products.

The Display segment includes products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), equipment upgrades and other display technologies for TVs, monitors, laptops, personal computers, smart phones, other consumer-oriented devices and solar energy cells.

Each operating segment is separately managed and has separate financial results that are reviewed by our chief operating decision-maker. Each reportable segment contains closely related products that are unique to the particular segment. Segment operating income is determined based upon internal performance measures used by our chief operating decision-maker. The chief operating decision-maker does not evaluate operating segments using total asset information.

We derive the segment results directly from our internal management reporting system. The accounting policies we use to derive reportable segment results are substantially the same as those used for external reporting purposes. Management measures the performance of each reportable segment based upon several metrics including net revenue and operating income. Management uses these results to evaluate the performance of, and to assign resources to, each of the reportable segments.

The Corporate and Other category includes revenues and costs of products not included in our reportable segments, as well as certain operating expenses that are not allocated to our reportable segments and are managed separately at the corporate level. These operating expenses include costs related to certain management, finance, legal, human resources, and research, development and engineering functions provided at the corporate level; and unabsorbed information technology and occupancy. In addition, we do not allocate to our reportable segments severance, asset impairment and any associated charges related to restructuring actions, unless these actions pertain to a specific reportable segment. Segment operating income also excludes interest income/expense and other financial charges and income taxes. Management does not consider the unallocated costs in measuring the performance of the reportable segments.

Net revenue and operating income (loss) for each reportable segment were as follows:


	Three Months Ended				Nine Months Ended
	Net Revenue		Operating Income (Loss)		Net Revenue		Operating Income (Loss)

	(In millions)
July 27, 2025:
Semiconductor Systems	$	5,427	$	1,966	$	16,038	$	5,852
Applied Global Services	1,600		445		4,760		1,338
Display	263		62		705		144
Corporate and Other	12		(240)		65		(757)
Total	$	7,302	$	2,233	$	21,568	$	6,577
July 28, 2024:
Semiconductor Systems	$	4,924	$	1,712	$	14,734	$	5,157
Applied Global Services	1,580		467		4,586		1,320
Display	251		16		674		46
Corporate and Other	23		(253)		137		(702)
Total	$	6,778	$	1,942	$	20,131	$	5,821

Semiconductor Systems and Display revenues are recognized at a point in time. AGS revenue is recognized at a point in time for tangible goods such as spare parts and equipment, and over time for service agreements. The majority of revenue recognized over time is recognized within 12 months of the contract inception.

Two customers accounted for approximately 19% and 15%, respectively, of our net revenue for the nine months ended July 27, 2025. No other customer accounted for greater than 10% of our net revenue for the nine months ended July 27, 2025.

Details of goodwill by reportable segment as of July 27, 2025 and October 27, 2024 were as follows:


	July 27, 2025		October 27, 2024

	(In millions)
Goodwill by reportable segment
Semiconductor Systems	$	2,476	$	2,460
Applied Global Services	1,032		1,032
Display	199		199
Corporate and Other	41		41
	$	3,748	$	3,732

From time to time, we acquire companies related to our existing or new markets. During the first nine months of fiscal 2025, goodwill increased primarily due to the preliminary purchase accounting for an acquisition, net of adjustments, which was not material to our results of operations or to our balance sheet.

Net revenue by geographic region, determined by the location of customers’ facilities to which products were shipped and services were performed, was as follows:


	Three Months Ended										Nine Months Ended
	July 27, 2025				July 28, 2024				Change		July 27, 2025				July 28, 2024				Change

	(In millions, except percentages)
China	$	2,548	35	%	$	2,153	32	%	18	%	$	6,565	30	%	$	7,981	40	%	(18)	%
Korea	1,160		16	%	1,102		16	%	5	%	4,389		20	%	3,321		16	%	32	%
Taiwan	1,843		25	%	1,148		17	%	61	%	5,023		23	%	2,726		14	%	84	%
Japan	713		10	%	555		8	%	28	%	1,825		9	%	1,573		8	%	16	%
Southeast Asia	195		3	%	428		6	%	(54)	%	616		3	%	827		4	%	(26)	%
Asia Pacific	6,459		89	%	5,386		79	%	20	%	18,418		85	%	16,428		82	%	12	%
United States	683		9	%	1,053		16	%	(35)	%	2,408		11	%	2,665		13	%	(10)	%
Europe	160		2	%	339		5	%	(53)	%	742		4	%	1,038		5	%	(29)	%
Total	$	7,302	100	%	$	6,778	100	%	8	%	$	21,568	100	%	$	20,131	100	%	7	%

Net revenue for Semiconductor Systems by market for the periods presented were as follows:


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024
Foundry, logic and other	69	%	72	%	67	%	66	%
Dynamic random-access memory (DRAM)	22	%	24	%	26	%	30	%
Flash memory (NAND)	9	%	4	%	7	%	4	%

	100	%	100	%	100	%	100	%

The reconciling items included in Corporate and Other were as follows:


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024

	(In millions)
Unallocated net revenue	$	12	$	23	$	65	$	137
Unallocated cost of products sold and expenses	(252)		(276)		(822)		(839)





Total	$	(240)	$	(253)	$	(757)	$	(702)

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Employee Stock Purchase Plan, Valuation Assumptions (Details) - Employee Stock Purchase Plan - $ / shares	9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	1.21%	0.76%
Expected volatility	42.30%	35.60%
Risk-free interest rate	4.27%	5.27%
Expected life (in years)	6 months	6 months
Weighted average estimated fair value (in dollars per share)	$ 41.47	$ 53.98

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Billions	9 Months Ended
	Jul. 27, 2025	Oct. 27, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Time period for hedging of foreign currency transaction	24 months
Time period over which majority of after tax gain loss related to derivatives to be reclassified into earnings	12 months
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 2.1	$ 2.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Industry Segment Operations - Schedule of Goodwill by Reportable Segment (Details) - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024
Segment Reporting Information [Line Items]
Goodwill	$ 3,748	$ 3,732
Operating Segments \| Semiconductor Systems
Segment Reporting Information [Line Items]
Goodwill	2,476	2,460
Operating Segments \| Applied Global Services
Segment Reporting Information [Line Items]
Goodwill	1,032	1,032
Operating Segments \| Display
Segment Reporting Information [Line Items]
Goodwill	199	199
Corporate and Other
Segment Reporting Information [Line Items]
Goodwill	$ 41	$ 41

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-41

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 740
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478064/805-740-55-13

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 39
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-39

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-4

+ Details

Fair Value Measurements - Assets Measured at Fair Value (Details) - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024	Jul. 28, 2024
Assets:
Restricted cash equivalents included in deferred income taxes and other assets	$ 70		$ 90
Money market funds
Assets:
Restricted cash equivalents included in deferred income taxes and other assets	70	$ 91
Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	6	13
U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	1,579	1,304
Non-U.S. government securities
Assets:
Available-for-sale debt security investments	5	5
Municipal securities
Assets:
Available-for-sale debt security investments	467	441
Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	834	805
Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	623	654
Publicly traded equity securities
Assets:
Equity investments with readily determinable values	1,903	723
Recurring Fair Value Measurements
Assets:
Available-for-sale debt security investments	7,531	10,022
Equity investments with readily determinable values	1,903	723
Total	9,434	10,745
Recurring Fair Value Measurements \| Money market funds
Assets:
Available-for-sale debt security investments	994	3,512
Recurring Fair Value Measurements \| Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	66	103
Recurring Fair Value Measurements \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	2,693	2,698
Recurring Fair Value Measurements \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	5	5
Recurring Fair Value Measurements \| Municipal securities
Assets:
Available-for-sale debt security investments	501	460
Recurring Fair Value Measurements \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	2,649	2,590
Recurring Fair Value Measurements \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	623	654
Recurring Fair Value Measurements \| Publicly traded equity securities
Assets:
Equity investments with readily determinable values	1,903	723
Recurring Fair Value Measurements \| Level 1
Assets:
Available-for-sale debt security investments	3,494	6,196
Equity investments with readily determinable values	1,903	723
Total	5,397	6,919
Recurring Fair Value Measurements \| Level 1 \| Money market funds
Assets:
Available-for-sale debt security investments	994	3,512
Recurring Fair Value Measurements \| Level 1 \| Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 1 \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	2,500	2,684
Recurring Fair Value Measurements \| Level 1 \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 1 \| Municipal securities
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 1 \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 1 \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 1 \| Publicly traded equity securities
Assets:
Equity investments with readily determinable values	1,903	723
Recurring Fair Value Measurements \| Level 2
Assets:
Available-for-sale debt security investments	4,037	3,826
Equity investments with readily determinable values	0	0
Total	4,037	3,826
Recurring Fair Value Measurements \| Level 2 \| Money market funds
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements \| Level 2 \| Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	66	103
Recurring Fair Value Measurements \| Level 2 \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	193	14
Recurring Fair Value Measurements \| Level 2 \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	5	5
Recurring Fair Value Measurements \| Level 2 \| Municipal securities
Assets:
Available-for-sale debt security investments	501	460
Recurring Fair Value Measurements \| Level 2 \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	2,649	2,590
Recurring Fair Value Measurements \| Level 2 \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	623	654
Recurring Fair Value Measurements \| Level 2 \| Publicly traded equity securities
Assets:
Equity investments with readily determinable values	$ 0	$ 0

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Stock Repurchase Program (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 27, 2025	Jul. 28, 2024	Jul. 27, 2025	Jul. 28, 2024
Equity [Abstract]
Shares of common stock repurchases (in shares)	6	4	25	13
Cost of stock repurchased (including excise tax)	$ 1,038	$ 868	$ 4,037	$ 2,398
Average price paid per share (including excise tax) (in dollars per share)	$ 164.47	$ 222.82	$ 160.95	$ 189.90
Cost of stock repurchased (excluding excise tax)	$ 1,028	$ 861	$ 4,003	$ 2,381
Average price paid per share (excluding excise tax) (in dollars per share)	$ 162.97	$ 221.27	$ 159.60	$ 188.60

Cash, Cash Equivalents and Investments - Summary of Contractual Maturity (Details) $ in Millions	Jul. 27, 2025 USD ($)
Contractual maturities of investments
Due in one year or less, cost	$ 1,565
Due after one through five years, cost	1,317
Due after five years, cost	3
No single maturity date, cost	2,376
Total cost	5,261
Due in one year or less, estimated fair value	1,564
Due after one through five years, estimated fair value	1,324
Due after five years, estimated fair value	3
No single maturity date, estimated fair value	2,872
Total estimated fair value	$ 5,763

Balance Sheet Detail - Deferred Income Taxes and Other Assets (Details) - USD ($) $ in Millions	Jul. 27, 2025	Oct. 27, 2024
Balance Sheet Detail [Abstract]
Non-current deferred income taxes	$ 1,288	$ 2,393
Operating lease right-of-use assets	519	375
Income tax receivables and other assets	443	314
Deferred income taxes and other assets	$ 2,250	$ 3,082