0001628280-25-056742 | 10-K | XBRL Viewer

Fair Value Measurements (Tables)

12 Months Ended

Oct. 26, 2025

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:


	October 26, 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*	$	2,264	$	—	$	2,264	$	3,512	$	—	$	3,512
Bank certificates of deposit and time deposits	—		184		184		—		103		103
U.S. Treasury and agency securities	2,109		319		2,428		2,684		14		2,698
Non-U.S. government securities	—		5		5		—		5		5
Municipal securities	—		473		473		—		460		460
Commercial paper, corporate bonds and medium-term notes	—		3,102		3,102		—		2,590		2,590
Asset-backed and mortgage-backed securities	—		616		616		—		654		654
Total available-for-sale debt security investments	$	4,373	$	4,699	$	9,072	$	6,196	$	3,826	$	10,022
Equity investments with readily determinable values

Publicly traded equity securities	$	2,110	$	—	$	2,110	$	723	$	—	$	723
Total equity investments with readily determinable values	$	2,110	$	—	$	2,110	$	723	$	—	$	723
Total	$	6,483	$	4,699	$	11,182	$	6,919	$	3,826	$	10,745

______________________________

*Amounts as of October 26, 2025 and October 27, 2024 include $71 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 Balance Sheets.

Restructuring Charges - Schedule of Restructuring Reserves (Details) $ in Millions	12 Months Ended
	Oct. 26, 2025 USD ($)
Restructuring Reserve [Roll Forward]
Beginning balance	$ 0
Restructuring charges	181
Ending balance	165
Fiscal 2025 Restructuring Plan
Restructuring Reserve [Roll Forward]
Beginning balance	0
Restructuring charges	167
Consumption of reserves	(2)
Ending balance	$ 165

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References + Details

Restructuring Charges - Schedule of Restructuring Charges (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Restructuring Cost and Reserve [Line Items]
Total	$ 181	$ 0	$ 0
Fiscal 2025 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Severance and other employee-related charges	154
Asset impairments	27
Total	$ 181

- 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

Borrowing Facilities and Debt - Narrative (Details) - USD ($)	1 Months Ended
	Sep. 30, 2025	Feb. 28, 2025	Oct. 26, 2025	Oct. 01, 2025	Jul. 27, 2025	Apr. 27, 2025	Oct. 27, 2024	Feb. 29, 2020
Debt Instrument [Line Items]
Short-term debt			$ 100,000,000				$ 799,000,000
Commercial Paper
Debt Instrument [Line Items]
Commercial paper			4,000,000,000		$ 2,000,000,000	$ 1,500,000,000
Short-term debt			$ 100,000,000				$ 100,000,000
Debt, weighted average interest rate			4.07%				5.06%
Debt securities, held-to-maturity, threshold period past due			35 days				63 days
4.000% Senior Notes Due 2031 \| Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 550,000,000
Stated interest rate	4.00%		4.00%
4.600% Senior Notes Due 2036 \| Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 450,000,000
Stated interest rate	4.60%		4.60%
3.900% Senior Notes Due 2025 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate			3.90%	3.90%
Debt repurchased				$ 700,000,000
Revolving Credit \| 364-Day Credit Agreement \| Unsecured Debt
Debt Instrument [Line Items]
Available revolving credit agreement	$ 2,000,000,000
Debt instrument term	364 days
Accordion feature, increase limit	$ 1,000,000,000
Accordion feature, higher borrowing capacity option	$ 3,000,000,000
Outstanding credit facilities			$ 0
Revolving Credit \| Five-Year Credit Agreement \| Unsecured Debt
Debt Instrument [Line Items]
Available revolving credit agreement		$ 2,000,000,000						$ 1,500,000,000
Debt instrument term		5 years
Accordion feature, increase limit		$ 500,000,000
Accordion feature, higher borrowing capacity option		$ 2,500,000,000
Outstanding credit facilities			0				$ 0
Foreign Line of Credit
Debt Instrument [Line Items]
Available revolving credit agreement			53,000,000
Outstanding credit facilities			$ 0				$ 0

Audit Information	12 Months Ended
Audit Information	Oct. 26, 2025
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Santa Clara, California
Auditor Firm ID	185

Income Taxes - Components of Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Components of income from operations before income taxes
U.S.	$ 56	$ 833	$ 1,234
Foreign	9,215	7,319	6,482
Income before income taxes	9,271	8,152	7,716
Current:
U.S.	675	1,254	708
Foreign	411	366	456
State	34	33	54
Total current provision for income taxes	1,120	1,653	1,218
Deferred:
U.S.	382	(697)	(255)
Foreign	788	30	(61)
State	(17)	(11)	(42)
Total deferred provision (benefit) for income taxes	1,153	(678)	(358)
Total	$ 2,273	$ 975	$ 860

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards - Warranty (Details)	12 Months Ended
	Oct. 26, 2025
Accounting Policies [Abstract]
Standard product warranty period	12 months
Extended product warranty period	2 years

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Oct. 26, 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

Income Taxes - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Income Tax Disclosure [Abstract]
Tax provision at U.S. statutory rate	21.00%	21.00%	21.00%
Effect of foreign operations taxed at various rates	(7.30%)	(7.60%)	(8.20%)
Changes in prior years’ unrecognized tax benefits	0.00%	0.00%	(0.20%)
Resolutions of prior years’ income tax filings	0.20%	(0.10%)	(0.10%)
Research and other tax credits	(1.30%)	(1.40%)	(1.60%)
Remeasurement of deferred tax assets in Singapore	7.10%	0.00%	0.00%
Valuation allowance on corporate alternative minimum tax credits	4.40%	0.00%	0.00%
Other	0.40%	0.10%	0.20%
Total	24.50%	12.00%	11.10%

Cash, Cash Equivalents and Investments - Summary of Contractual Maturity (Details) $ in Millions	Oct. 26, 2025 USD ($)
Contractual maturities of investments [Abstract]
Due in one year or less, cost	$ 1,275
Due after one through five years, cost	1,274
No single maturity date, cost	2,244
Total cost	4,793
Due in one year or less, estimated fair value	1,276
Due after one through five years, estimated fair value	1,287
No single maturity date, estimated fair value	3,096
Total estimated fair value	$ 5,659

- Definition

Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method.

+ References + Details

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Oct. 26, 2025	Dec. 05, 2025	Apr. 27, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Oct. 26, 2025
Current Fiscal Year End Date	--10-26
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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 121,318,219,350
Entity Common Stock, Shares Outstanding		792,943,366
Documents Incorporated by Reference	Portions of Part III will be provided in accordance with Instruction G(3) to Form 10-K no later than February 23, 2026.
Entity Central Index Key	0000006951
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment Flag	false

Industry Segment Operations (Tables)

12 Months Ended

Oct. 26, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting

Information for each reportable segment for and as of the end of each fiscal year were as follows:


	Semiconductor Systems			Applied Global Services			Corporate and Other		Total

	(In millions, except percentages)
2025:
Net revenue	$	20,798		$	6,385		$	1,185	$	28,368
Costs of products sold	9,530			4,251			779		14,560
Gross profit	$	11,268		$	2,134		$	406	$	13,808
Gross margin	54.2		%	33.4		%			48.7		%
Operating expenses:
Research, development and engineering	3,042			126			402		3,570
Selling, general and administrative	847			216			705		1,768

Restructuring charges	—			—			181		181

Operating income (loss)	$	7,379		$	1,792		$	(882)	$	8,289
Operating margin	35.5		%	28.1		%			29.2		%

Depreciation and amortization	$	192		$	26		$	217	$	435
Capital expenditures	$	507		$	57		$	1,696	$	2,260
Accounts receivable	$	3,733		$	1,269		$	183	$	5,185
Inventories	$	3,444		$	2,301		$	170	$	5,915
Goodwill	$	2,476		$	1,032		$	199	$	3,707


	Semiconductor Systems			Applied Global Services			Corporate and Other		Total

	(In millions, except percentages)
2024
Net revenue	$	19,911		$	6,225		$	1,040	$	27,176
Costs of products sold	9,379			4,088			812		14,279
Gross profit	$	10,532		$	2,137		$	228	$	12,897
Gross margin	52.9		%	34.3		%			47.5		%
Operating expenses:
Research, development and engineering	2,684			114			435		3,233
Selling, general and administrative	867			211			719		1,797

Operating income (loss)	$	6,981		$	1,812		$	(926)	$	7,867
Operating margin	35.1		%	29.1		%			28.9		%

Depreciation and amortization	$	168		$	22		$	202	$	392
Capital expenditures	$	425		$	35		$	730	$	1,190
Accounts receivable	$	3,816		$	1,297		$	121	$	5,234
Inventories	$	2,988		$	2,306		$	127	$	5,421
Goodwill	$	2,460		$	1,032		$	240	$	3,732


	Semiconductor Systems			Applied Global Services			Corporate and Other		Total

	(In millions, except percentages)
2023
Net revenue	$	19,698		$	5,732		$	1,087	$	26,517
Costs of products sold	9,456			3,911			766		14,133
Gross profit	$	10,242		$	1,821		$	321	$	12,384
Gross margin	52.0		%	31.8		%			46.7		%
Operating expenses:
Research, development and engineering	2,544			101			457		3,102
Selling, general and administrative	819			191			618		1,628

Operating income (loss)	$	6,879		$	1,529		$	(754)	$	7,654
Operating margin	34.9		%	26.7		%			28.9		%

Depreciation and amortization	$	235		$	31		$	249	$	515
Capital expenditures	$	381		$	39		$	686	$	1,106
Accounts receivable	$	3,943		$	1,111		$	111	$	5,165
Inventories	$	3,433		$	2,073		$	219	$	5,725
Goodwill	$	2,460		$	1,032		$	240	$	3,732

Schedule of Disaggregation of Revenue

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


	2025		2024		2023
Foundry, logic and other	67	%	68	%	77	%
Dynamic random-access memory (DRAM)	26	%	28	%	17	%
Flash memory (NAND)	7	%	4	%	6	%

	100	%	100	%	100	%

Schedule of Net Revenue and Long-Lived Assets

Net revenue and long-lived assets by geographic region for and as of each fiscal year were as follows:


	2025		2024		2023

	(In millions)
Net revenue:
United States	$	3,063	$	3,818	$	4,006
China	8,529		10,117		7,247
Korea	5,608		4,493		4,609
Taiwan	6,857		4,010		5,670
Japan	2,273		2,154		2,075
Europe	962		1,443		2,152
Southeast Asia	1,076		1,141		758
Total outside United States	25,305		23,358		22,511
Consolidated total	$	28,368	$	27,176	$	26,517


	October 26, 2025		October 27, 2024

	(In millions)
Long-lived assets:
United States	$	5,071	$	3,759
China	8		3
Korea	9		9
Taiwan	67		59
Japan	6		7
Europe	155		113
Southeast Asia	21		5
Total outside United States	266		196
Consolidated total	$	5,337	$	3,955

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards - Goodwill and Intangible Assets (Details) - USD ($)	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Finite-Lived Intangible Assets [Line Items]
Impairment of goodwill	$ 41,000,000	$ 0	$ 0
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]	General and administrative
Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives	15 years

- 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.

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-URI https://asc.fasb.org/1943274/2147482665/350-30-50-3

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-2

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483154/926-20-50-5

+ Details

- Definition

Amount of impairment loss from 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 + Details

Cash, Cash Equivalents and Investments (Tables)

12 Months Ended

Oct. 26, 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:


October 26, 2025	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,419	$	—	$	—	$	1,419
Cash equivalents:
Money market funds*	2,193		—		—		2,193
Bank certificates of deposit and time deposits	180		—		—		180
U.S. Treasury and agency securities	1,196		—		—		1,196

Municipal securities	5		—		—		5
Commercial paper, corporate bonds and medium-term notes	2,248		—		—		2,248

Total cash equivalents	5,822		—		—		5,822
Total cash and cash equivalents	$	7,241	$	—	$	—	$	7,241
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	4	$	—	$	—	$	4
U.S. Treasury and agency securities	1,229		3		—		1,232
Non-U.S. government securities**	5		—		—		5
Municipal securities	463		5		—		468
Commercial paper, corporate bonds and medium-term notes	848		6		—		854
Asset-backed and mortgage-backed securities	614		4		2		616
Total fixed income securities	3,163		18		2		3,179
Publicly traded equity securities	1,288		824		2		2,110
Equity investments in privately held companies	342		74		46		370
Total equity investments	1,630		898		48		2,480
Total short-term and long-term investments	$	4,793	$	916	$	50	$	5,659
Total cash, cash equivalents and investments	$	12,034	$	916	$	50	$	12,900

_________________________

*Excludes $71 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 October 26, 2025:


	Cost		Estimated Fair Value

	(In millions)
Due in one year or less	$	1,275	$	1,276
Due after one through five years	1,274		1,287

No single maturity date*	2,244		3,096
Total	$	4,793	$	5,659

_________________________

*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 recognized in the Consolidated Statements of Operations for each fiscal year were as follows:


	2025		2024		2023

	(In millions)
Publicly traded equity securities
Unrealized gain	$	887	$	332	$	193
Unrealized loss	(139)		(287)		(44)
Realized gain on sales and dividends	91		5		9
Realized loss on sales or impairment	—		(1)		(4)
Equity investments in privately held companies
Unrealized gain	20		3		15
Unrealized loss	(13)		(17)		(30)
Realized gain on sales and dividends	10		4		9
Realized loss on sales or impairment	(35)		(19)		(121)
Total gain (loss) on equity investments, net	$	821	$	20	$	27

Borrowing Facilities and Debt - Debt Outstanding (Details) - USD ($) $ in Millions	Oct. 26, 2025	Oct. 01, 2025	Sep. 30, 2025	Oct. 27, 2024
Debt Instrument [Line Items]
Current portion of long-term debt	$ 0			$ 700
Total long-term debt	6,455			5,460
Senior Notes
Debt Instrument [Line Items]
Long-term debt, principal amount	6,500			5,500
Total unamortized discount	(12)			(10)
Total unamortized debt issuance costs	$ (33)			(30)
3.900% Senior Notes Due 2025 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	3.90%	3.90%
Current portion of long-term debt	$ 0			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%
4.000% Senior Notes Due 2031 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.00%		4.00%
Long-term debt, principal amount	$ 550			0
Effective Interest Rate	4.07%
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%
4.600% Senior Notes Due 2036 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.60%		4.60%
Long-term debt, principal amount	$ 450			0
Effective Interest Rate	4.632%
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%

Industry Segment Operations - Narrative (Details) - segment	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Concentration Risk [Line Items]
Number of reportable segments	2
Customer One \| Net sales \| Customer Concentration Risk
Concentration Risk [Line Items]
Percentage of net revenue	19.00%	12.00%	19.00%
Customer Two \| Net sales \| Customer Concentration Risk
Concentration Risk [Line Items]
Percentage of net revenue	15.00%	11.00%	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

Balance Sheet Detail - Other Liabilities (Details) - USD ($) $ in Millions	Oct. 26, 2025	Oct. 27, 2024
Other Liabilities
Defined and postretirement benefit plans	$ 151	$ 142
Operating lease liabilities, non-current	$ 404	$ 259
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Total other liabilities	Total other liabilities
Other	$ 519	$ 409
Total other liabilities	$ 1,074	$ 810

Income Taxes - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Income Tax Examination [Line Items]
Effect of new foreign tax incentive agreements	$ 659
Effect of valuation allowance on corporate alternative minimum tax credits	407
Tax holiday benefit	$ 490	$ 393	$ 369
Tax holiday benefit per diluted share (in dollars per share)	$ 0.61	$ 0.47	$ 0.44
Income tax penalties and interest expense (benefit)	$ (63)	$ 45	$ 34
Unrecognized tax benefits that would impact effective tax rate	347	397	386
Noncurrent Liabilities
Income Tax Examination [Line Items]
Interest and penalties related to uncertain tax positions	118	$ 181	$ 136
Foreign Tax Jurisdiction
Income Tax Examination [Line Items]
Reduction in unrecognized tax benefits	200
Corporate alternative minimum tax credit carryforward
Income Tax Examination [Line Items]
Tax credit carryforwards	407
Research and development tax credit carryforwards \| State and Local Jurisdiction
Income Tax Examination [Line Items]
Tax credit carryforwards	677
Carried over until exhausted \| State and Local Jurisdiction
Income Tax Examination [Line Items]
Tax credit carryforwards	624
Carried over the next fifteen years \| State and Local Jurisdiction
Income Tax Examination [Line Items]
Tax credit carryforwards	$ 42
Tax credit carryforward, term	15 years
Singapore
Income Tax Examination [Line Items]
Foreign statutory income tax rate	17.00%

Earnings Per Share

12 Months Ended

Oct. 26, 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.


Fiscal Year	2025		2024		2023

	(In millions, except per share amounts)
Numerator:
Net income	$	6,998	$	7,177	$	6,856
Denominator:
Weighted average common shares outstanding	804		827		840
Effect of weighted dilutive restricted stock units and employees’ stock purchase plan shares	4		7		5
Denominator for diluted earnings per share	808		834		845
Basic earnings per share	$	8.71	$	8.68	$	8.16
Diluted earnings per share	$	8.66	$	8.61	$	8.11
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.

Accounts Receivable, Net (Details) - USD ($)	12 Months Ended
Accounts Receivable, Net (Details) - USD ($)	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Receivables [Abstract]
Factored accounts receivable	$ 501,000,000	$ 444,000,000	$ 679,000,000
Discounted letters of credit	0	0	0
Discounted promissory notes	$ 0	$ 0	$ 0

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended												12 Months Ended
	Oct. 26, 2025	Jul. 27, 2025	Apr. 27, 2025	Jan. 26, 2025	Oct. 27, 2024	Jul. 28, 2024	Apr. 28, 2024	Jan. 28, 2024	Oct. 29, 2023	Jul. 30, 2023	Apr. 30, 2023	Jan. 29, 2023	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023	Mar. 31, 2025	Mar. 31, 2023
Equity [Line Items]
Tax effects on net income of amounts reclassified from AOCI													$ 0	$ 0	$ 0
Share repurchase program, authorized amount																$ 10,000	$ 10,000
Share repurchase program, remaining authorized amount	$ 14,000												$ 14,000
Dividends declared per share (in dollars per share)	$ 0.46	$ 0.46	$ 0.46	$ 0.40	$ 0.40	$ 0.40	$ 0.40	$ 0.32	$ 0.32	$ 0.32	$ 0.32	$ 0.26	$ 1.78	$ 1.52	$ 1.22
Payments of dividends to stockholders													$ 1,384	$ 1,192	$ 975
Options granted (in shares)													0	0	0
Options outstanding (in shares)	0				0				0				0	0	0
Employee Stock Incentive Plan
Equity [Line Items]
Number of shares available for grant (in shares)	17,000,000												17,000,000
Employee Stock Purchase Plan
Equity [Line Items]
Number of shares available for grant (in shares)	8,000,000												8,000,000
Purchase period													6 months
Number of shares issued under the ESPP (in shares)													2,000,000	2,000,000	2,000,000
Weighted average exercise price (in dollars per share)													$ 131.75	$ 147.38	$ 87.75
Employee Stock
Equity [Line Items]
Performance of total shareholder return													100.00%
Total unrecognized compensation expense	$ 947												$ 947
Weighted average period for unrecognized compensation expense to be recognized													2 years 4 months 24 days
Employee Stock \| Employee Stock Purchase Plan
Equity [Line Items]
Purchase price of common stock, percent													85.00%
Restricted Stock Units, Restricted Stock, Performance Shares Units and Performance Units \| Minimum
Equity [Line Items]
Award vesting period													3 years
Restricted Stock Units, Restricted Stock, Performance Shares Units and Performance Units \| Maximum
Equity [Line Items]
Award vesting period													4 years
Restricted Stock Units
Equity [Line Items]
Conversion basis													1
Performance Shares/Performance Units
Equity [Line Items]
Performance of total shareholder return													100.00%
Conversion basis													1
Weight of metric													50.00%
Award measurement period													3 years
Additional performance-based awards to be earned upon certain levels of achievement (in shares)	700,000												700,000
Performance Shares/Performance Units \| Minimum
Equity [Line Items]
Award vesting rights as percentage of target amount													0.00%
Performance Shares/Performance Units \| Maximum
Equity [Line Items]
Award vesting rights as percentage of target amount													200.00%

Derivative Instruments and Hedging Activities	12 Months Ended
Derivative Instruments and Hedging Activities	Oct. 26, 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 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 at October 26, 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 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 material for fiscal years 2025, 2024 or 2023. 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 October 26, 2025 and October 27, 2024, the total outstanding notional amount of foreign exchange contracts was $2.3 billion and $2.0 billion, respectively. The fair values of foreign exchange derivative instruments at October 26, 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 fiscal year 2025, 2024 and 2023. The effects of derivative instruments, both those designated as cash flow hedges and those that are not designated, on the Consolidated Statements of Operations were not material for fiscal 2025, 2024 and 2023. 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 October 26, 2025 and October 27, 2024. 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 material.

- 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
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+ Details

Balance Sheet Detail - Accounts Payable and Accrued Expense (Details) - USD ($) $ in Millions	Oct. 26, 2025	Oct. 27, 2024
Accounts Payable and Accrued Expenses
Accounts payable	$ 1,978	$ 1,570
Compensation and employee benefits	1,221	1,188
Warranty	346	364
Dividends payable	365	327
Income taxes payable	380	535
Operating lease liabilities, current	$ 91	$ 87
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable and accrued expenses	Accounts payable and accrued expenses
Restructuring reserve	$ 165	$ 0
Other	787	749
Accounts payable and accrued expenses	$ 5,333	$ 4,820

Restructuring Charges

12 Months Ended

Oct. 26, 2025

Restructuring and Related Activities [Abstract]

Restructuring Charges

Fiscal 2025 Restructuring Plan

In the fourth quarter of fiscal 2025, we approved a workforce reduction plan (Fiscal 2025 Restructuring Plan) to position us for continued growth as a more competitive and productive organization and expect approximately 4% of our global workforce to be impacted under this plan. The majority of the charges related to the Fiscal 2025 Restructuring Plan were recognized in the fourth quarter of fiscal 2025 and consist primarily of severance and other employment termination benefits to be paid in cash, and other non-cash related charges.

Restructuring charges related to the Fiscal 2025 Restructuring Plan were as follows:


	2025
	(In millions)
Severance and other employee-related charges	$	154
Asset impairments	27
Total	$	181

Changes in restructuring reserves related to the Fiscal 2025 Restructuring Plan described above were as follows:


	Restructuring Charges Reserves

	(In millions)
Balance as of October 27, 2024	$	—
Restructuring charges	167
Consumption of reserves	(2)
Balance as of October 26, 2025	$	165

Contract Balances and Performance Obligations - Narrative (Details) - USD ($)	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognized	$ 2,400,000,000
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	$ 1,700,000,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-10-27 \| Long-term Contract with Customer
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percent of performance obligation recognized	53.00%
Expected timing of satisfaction	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-10-26 \| Long-term Contract with Customer
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction	24 months

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Cash flows from operating activities:
Net income	$ 6,998	$ 7,177	$ 6,856
Adjustments required to reconcile net income to cash provided by operating activities:
Depreciation and amortization	435	392	515
Restructuring charges	179	0	0
Deferred income taxes	639	(633)	24
(Gain) loss and impairments on investments, net	(792)	(15)	(16)
Share-based compensation	668	577	490
Other	31	62	56
Changes in operating assets and liabilities, net of amounts acquired:
Accounts receivable	49	(69)	903
Inventories	(494)	304	207
Other current and non-current assets	(119)	287	(48)
Accounts payable and accrued expenses	307	281	(138)
Contract liabilities	(283)	(126)	(167)
Income taxes payable	250	389	(20)
Other liabilities	90	51	38
Cash provided by operating activities	7,958	8,677	8,700
Cash flows from investing activities:
Capital expenditures	(2,260)	(1,190)	(1,106)
Cash paid for acquisitions, net of cash acquired	(29)	0	(25)
Proceeds from asset sale	33	0	0
Proceeds from sales and maturities of investments	5,528	2,451	1,268
Purchases of investments	(6,054)	(3,588)	(1,672)
Cash used in investing activities	(2,782)	(2,327)	(1,535)
Cash flows from financing activities:
Debt borrowings, net of issuance costs	991	694	0
Debt repayments	(700)	0	0
Proceeds from commercial paper	503	401	991
Repayments of commercial paper	(502)	(400)	(900)
Proceeds from common stock issuances	261	243	227
Common stock repurchases	(4,895)	(3,823)	(2,189)
Tax withholding payments for vested equity awards	(248)	(291)	(179)
Payments of dividends to stockholders	(1,384)	(1,192)	(975)
Payments of debt issuance costs	(3)	0	0
Repayments of principals on finance leases	0	(102)	(7)
Cash used in financing activities	(5,977)	(4,470)	(3,032)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	(801)	1,880	4,133
Cash, cash equivalents and restricted cash equivalents — beginning of period	8,113	6,233	2,100
Cash, cash equivalents and restricted cash equivalents — end of period	7,312	8,113	6,233
Reconciliation of cash, cash equivalents, and restricted cash equivalents
Cash and cash equivalents	7,241	8,022	6,132
Restricted cash equivalents included in deferred income taxes and other assets	71	91	101
Total cash, cash equivalents, and restricted cash equivalents	7,312	8,113	6,233
Supplemental cash flow information:
Cash payments for income taxes	1,504	957	1,006
Cash refunds from income taxes	90	15	53
Cash payments for interest	$ 239	$ 205	$ 205

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards (Policies)	12 Months Ended
	Oct. 26, 2025
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of Applied Materials, Inc. and its subsidiaries (we, us, and our) after elimination of intercompany balances and transactions. All references to a fiscal year apply to our fiscal year which ends on the last Sunday in October. Fiscal 2025, 2024 and 2023 each contained 52 weeks. Each fiscal quarter of 2025, 2024 and 2023 contained 13 weeks.
Reclassification	Certain prior-year amounts have been reclassified to conform to current-year presentation.
Use of Estimates	Use of Estimates 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. On an ongoing basis, we evaluate our estimates, including those related to standalone selling price (SSP) related to revenue recognition, accounts receivable and sales allowances, fair values of financial instruments, inventories, intangible assets and goodwill, useful lives of intangible assets and property, plant and equipment, fair values of share-based awards, warranty, and income taxes, among others. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
Cash Equivalents	Cash Equivalents All highly liquid investments with a remaining maturity of three months or less at the time of purchase are classified as cash equivalents. Cash equivalents consist primarily of investments in institutional money market funds, treasury bills and investment grade commercial paper.
Investments	Investments All of our investments, except equity investments, are classified as available-for-sale at the respective balance sheet dates. Investments classified as available-for-sale are measured and recorded in the Consolidated Balance Sheets at fair value, and unrealized gains and losses, net of tax, are reported as a separate component of other comprehensive income. Interest earned on cash and investments, as well as realized gains and losses on sale of securities, are included in interest and other income, net in the Consolidated Statements of Operations. Our equity investments with readily determinable values consist of publicly traded equity securities. These investments are measured at fair value using quoted prices for identical assets in an active market. Privately held equity investments without readily determinable fair value are measured at cost, less impairment, adjusted by observable price changes. Adjustments resulting from impairments and observable price changes are recorded in interest and other income, net in the Consolidated Statements of Operations. Investments with remaining effective maturities of 12 months or less from the balance sheet date are classified as short-term investments. Investments with remaining effective maturities of more than 12 months from the balance sheet date are classified as long-term investments.
Fair Value Measurements	Fair Value Measurements Our financial assets are measured and recorded at fair value on a recurring basis, except for equity investments in privately held companies. These equity investments are generally accounted for under the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes and are periodically assessed for impairment when events or circumstances indicate that a decline in value may have occurred. Our nonfinancial assets, such as goodwill, intangible assets, and property, plant and equipment, are recorded at cost and are assessed for impairment at least annually for goodwill, or whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. We use the following hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: •Level 1 — Quoted prices in active markets for identical assets or liabilities; •Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and •Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. In determining the fair value of our debt securities investments, we use pricing information from pricing services that value securities based on quoted market prices and models that utilize observable market inputs. In the event a fair value estimate is unavailable from a pricing service, we generally obtain non-binding price quotes from brokers. In addition, to validate pricing information obtained from pricing services, we periodically perform supplemental analysis on a sample of securities. We review any significant unanticipated differences identified through this analysis to determine the appropriate fair value. As of October 26, 2025, substantially all of our available-for-sale, short-term, and long-term investments were recognized at fair value that was determined based upon quoted prices or other observable inputs. Our equity investments with readily determinable values are measured at fair value using quoted prices for identical assets in an active market, and the changes in fair value of these equity investments are recognized in the consolidated statements of operations.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value, with approximate cost determined on a first-in, first-out (FIFO) basis. We adjust inventory carrying value for estimated obsolescence equal to the difference between the cost of inventory and the estimated net realizable value based upon assumptions about future demand and market conditions. We fully write down inventories and noncancelable purchase orders for inventory deemed obsolete. We perform periodic reviews of inventory items to identify excess inventories on hand by comparing on-hand balances to anticipated usage using recent historical activity as well as anticipated or forecasted demand. If estimates of customer demand diminish further or market conditions become less favorable than those projected by us, additional inventory adjustments may be required.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment is stated at cost. Depreciation is provided over the estimated useful lives of the assets using the straight-line method. Estimated useful lives of certain assets for financial reporting purposes are as follows: buildings and improvements, 3 to 30 years; demonstration and manufacturing equipment, 5 to 8 years; software, 3 to 5 years; and furniture, fixtures and other equipment, 3 to 5 years. Land improvements are amortized over the shorter of 15 years or their estimated useful life. Leasehold improvements are amortized over the shorter of five years or the lease term.
Government Assistance	Government Assistance We receive government assistance from various domestic and foreign governments in the form of cash grants or refundable tax credits. These arrangements incentivize us to continue growing our capital investments and research and development activities. Government incentives generally contain conditions that must be met in order for the assistance to be earned. We recognize the incentives when there is reasonable assurance that we will comply with all conditions specified in the incentive arrangement and the incentive will be received. We record capital expenditure related incentives as an offset to the associated property, plant and equipment, net within our Consolidated Balance Sheets and recognize a reduction to depreciation expense over the useful life of the corresponding acquired asset. We record incentives related to operating activities as a reduction to expense in the same line item on the Consolidated Statements of Operations as the expenditure for which the grant is intended to compensate.
Acquisitions	Acquisitions We account for the acquisition of a business using the acquisition method of accounting. Our methodology for allocating the purchase price relating to purchase acquisitions is determined through established and generally accepted valuation techniques. We allocate the fair value of the purchase consideration of our acquisitions to the tangible assets, liabilities, and intangible assets acquired, including in-process technology, based on their estimated fair values. Goodwill is measured as the excess of the purchase price over the sum of the amounts assigned to tangible and identifiable intangible assets acquired less liabilities assumed. We assign assets acquired (including goodwill) and liabilities assumed to one or more reporting units as of the date of acquisition. Typically, acquisitions relate to a single reporting unit and thus do not require the allocation of goodwill to multiple reporting units. If the products obtained in an acquisition are assigned to multiple reporting units, the goodwill is distributed to the respective reporting units as part of the purchase price allocation process. The value assigned to intangible assets is usually based on estimates and judgments regarding expectations for the success and life cycle of products and technology acquired.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is not amortized but is reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The process of evaluating the potential impairment of goodwill requires judgment. When reviewing goodwill for impairment, we first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. In performing a qualitative assessment, we consider business conditions and other factors including, but not limited to (i) adverse industry or economic trends, (ii) restructuring actions and lower projections that may impact future operating results, (iii) sustained decline in share price, and (iv) overall financial performance and other events affecting the reporting units. If we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a quantitative impairment test is performed by estimating the fair value of the reporting unit and comparing it to its carrying value. If the carrying value of a reporting unit exceeds its fair value, we would record an impairment charge equal to the excess of the carrying value of the reporting unit over its fair value. In the fourth quarter of fiscal 2025, we performed a qualitative assessment to test goodwill for all of our reporting units for impairment. Based on this assessment, we determined that a quantitative impairment test was required for certain non-strategic businesses within our Corporate and Other category, primarily due to events related to the exit of one such business during the quarter. As a result, we recognized goodwill impairment charges of $41 million in general and administrative expenses in our Consolidated Statements of Operations. No goodwill impairment was recorded during fiscal 2024 and 2023. Intangible assets with finite lives are presented at cost, net of accumulated amortization, and are amortized over their estimated useful lives of 1 to 15 years using the straight-line method. We evaluate the useful lives of our intangible assets each reporting period to determine whether events and circumstances require revising the remaining period of amortization. Intangible assets with infinite lives are not subject to amortization and consist primarily of in-process technology, which will be subject to amortization upon commercialization. If an in-process technology project is abandoned, the acquired technology attributable to the project will be written-off. The carrying values of our intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset or asset group may not be recoverable. The balances of our intangible assets were not material as of October 26, 2025 or October 27, 2024 and amortization expenses were not material for fiscal 2025, 2024 and 2023.
Long-Lived Assets	Long-Lived Assets Long-lived assets are evaluated for impairment whenever events or changes in circumstances indicate the carrying value of an asset or asset group may not be recoverable. We assess the recoverability of the assets by comparing the undiscounted future cash flow expected to result from the use and eventual disposal of the assets to their respective carrying value. If not recoverable, we recognize an impairment loss to the excess of the carrying value over the fair value of those assets and reduce the carrying value of the assets to their respective fair value. Fair value is determined by available market valuations, when available and appropriate, or by discounted cash flows.
Leases	Leases A contract contains a lease when we have the right to control the use of an identified asset for a period of time in exchange for consideration. We lease certain facilities, vehicles and equipment under non-cancelable operating leases, many of which include options to renew. Options that are reasonably certain to be exercised are included in the calculation of the right-of-use asset and lease liability. Our finance leases are those that contain a purchase option which we are reasonably certain to exercise at the end of the lease term. Our leases do not contain residual value guarantees or significant restrictions that impact the accounting for leases. As implicit rates are not available for the leases, we use the incremental borrowing rate as of the lease commencement date in order to measure the right-of-use asset and liability. Operating lease expense is generally recognized on a straight-line basis over the lease term. Finance lease expense is generally recognized on a straight-line basis over the life of the underlying leased asset. We elected the practical expedient to account for lease and non-lease components as a single lease component for all leases. For leases with a term of one year or less, we elected not to record a right-of-use asset or lease liability and to account for the associated lease payments as they become due. A majority of our lease arrangements are operating leases. The balances of our operating leases right-of-use assets and liabilities were not material as of October 26, 2025 or October 27, 2024. Operating lease cost for fiscal 2025, 2024 and 2023 was not material.
Revenue Recognition from Contracts with Customers, Shipping and Handling Costs and Contract Assets and Liabilities	Revenue Recognition from Contracts with Customers We recognize revenue when promised goods or services are transferred to a customer in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. We determine revenue recognition through the following five steps: (1) identification of the contract(s) with customers, (2) identification of the performance obligations in the contract, (3) determination of the transaction price, (4) allocation of the transaction price to the performance obligations in the contract, and (5) recognition of revenue when, or as, a performance obligation is satisfied. Identifying the contract(s) with customers. We sell equipment, services, and spare parts directly to our customers in the semiconductor, display and related industries. We generally consider written documentation including, but not limited to, signed purchase orders, master agreements, and sales orders as contracts provided that collection is probable. Collectability is assessed based on the customer’s creditworthiness determined by reviewing the customer’s published credit and financial information, historical payment experience, as well as other relevant factors. Identifying the performance obligations. Our performance obligations include delivery of equipment, service agreements, spare parts, installation, extended warranty and training. Our service agreements are considered one performance obligation and may include multiple goods and services that we provide to the customer to deliver against a performance metric. Judgment is used to determine whether multiple promised goods or services in a contract should be accounted for separately or as a group. Determine the transaction price. The transaction price for our contracts with customers may include fixed and variable consideration. We include variable consideration in the transaction price to the extent that it is probable that a significant reversal of revenue will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Allocate the transaction price to the performance obligations. A contract’s transaction price is allocated to each distinct performance obligation identified within the contract. We generally estimate the standalone selling price of a distinct performance obligation based on historical cost plus an appropriate margin. For contracts with multiple performance obligations, we allocate the contract’s transaction price to each performance obligation using the relative standalone selling price of each distinct good or service in the contract. Recognizing the revenue as performance obligations are satisfied. We recognize revenue from equipment and spares parts at a point in time when we have satisfied our performance obligation by transferring control of the goods to the customer, which typically occurs at shipment or delivery. Revenue from service agreements is recognized over time, typically within 12 months, as customers receive the benefits of services. The incremental costs to obtain a contract are not material. Payment Terms. Payment terms vary by contract. Generally, the majority of payments are due within a certain number of days from shipment of goods or performance of service. The remainder is typically due upon customer technical acceptance. In certain circumstances we may receive deposits from customers for future deliverables. Our payment terms do not generally contain a significant financing component. Shipping and Handling Costs We account for shipping and handling activities related to contracts with customers as costs to fulfill our promise to transfer the associated products. Accordingly, amounts billed for shipping and handling costs are recorded as a component of net revenue and costs as a component of cost of products sold. 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 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.
Warranty	Warranty Our products are generally sold with a warranty for a 12-month period following installation. Parts and labor are covered under the terms of the warranty agreement. We provide for the estimated cost of warranty when revenue is recognized. Estimated warranty costs are determined by analyzing specific product, current and historical configuration statistics and regional warranty support costs. Our warranty obligation is affected by product and component failure rates, material usage and labor costs incurred in correcting product failures during the warranty period. If actual warranty costs differ substantially from our estimates, revisions to the estimated warranty liability would be required. Quarterly warranty consumption is generally associated with sales that occurred during the preceding four quarters, and quarterly warranty provisions are generally related to the current quarter’s sales. We also sell extended warranty contracts to our customers which provide an extension of the standard warranty coverage period of up to 2 years. We receive payment at the inception of the contract and recognizes revenue ratably over the extended warranty coverage period, as the customer simultaneously receives and consumes the benefits of the extended warranty. Our warranty reserves balances and the components of changes in our warranty reserves were not material for all periods presented.
Sales and Value Added Taxes	Sales and Value Added Taxes Taxes collected from customers and remitted to governmental authorities are presented on a net basis in the Consolidated Statements of Operations.
Research, Development and Engineering Costs	Research, Development and Engineering Costs Research, development and engineering costs are expensed as incurred.
Income Taxes	Income Taxes We recognize a current tax liability for the estimated amount of income tax payable on tax returns for the current fiscal year. Deferred tax assets and liabilities are recognized for the estimated future tax effects of temporary differences between the book and tax bases of assets and liabilities. Deferred tax assets are also recognized for net operating loss and tax credit carryovers. Deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized. Deferred tax assets and liabilities are measured based on enacted tax rates that are expected to apply in the period in which the assets are realized or the liabilities are settled. Deferred tax assets and liabilities are adjusted for the effect of a change in tax rates, laws, or status when the change is enacted. We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized from such positions are estimated based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Any changes in judgment related to uncertain tax positions are recognized in our provision for income taxes in the quarter in which such change occurs. Interest and penalties related to uncertain tax positions are recognized in our provision for income taxes.
Derivative Financial Instruments	Derivative Financial Instruments We use financial instruments, such as foreign currency forward and option contracts, to hedge a portion of, but not all, existing and anticipated foreign currency denominated transactions typically expected to occur within 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. In certain cases, we also use interest rate swap or lock agreements to hedge against the variability of cash flows due to changes in the benchmark interest rate of fixed rate debt. The terms of derivative financial instruments used for hedging purposes are generally consistent with the timing of the transactions being hedged. Our derivative financial instruments are recorded as assets or liabilities at fair value and reported gross on our Consolidated Balance Sheets. However, under master netting agreements in place with our counterparties, we may net settle transactions of the same currency under certain circumstances. For derivative instruments designated and qualifying as cash flow hedges, the gain or loss 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. Any portion excluded from the assessment of effectiveness is recognized in the same line as the hedged transaction but may be recognized in a different manner, e.g., amortized. If a hedged transaction becomes probable of not occurring according to the original strategy, the hedge relationship is discontinued, and we recognize the gain or loss on the associated derivative in earnings. For hedges of existing foreign currency denominated assets or liabilities, the gain or loss is recorded in earnings in the same period to offset the changes in the fair value of the assets or liabilities 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 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 at October 26, 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 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.
Foreign Currency	Foreign Currency As of October 26, 2025, all of our subsidiaries use the United States dollar as their functional currency. Accordingly, assets and liabilities of these subsidiaries are remeasured using exchange rates in effect at the end of the period, except for non-monetary assets, such as inventories and property, plant and equipment, which are remeasured using historical exchange rates. Foreign currency-denominated revenues and costs are remeasured using average exchange rates for the period, except for costs related to non-monetary assets and liabilities, which are remeasured using historical exchange rates. The resulting remeasurement gains and losses are included in interest and other income, net in the Consolidated Statements of Operations as incurred.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash equivalents, investments, trade accounts receivable, and derivative financial instruments used in hedging activities. We invest in a variety of financial instruments, such as, but not limited to, commercial paper, corporate bonds, municipal securities, United States Treasury and agency securities, and asset-backed and mortgage-backed securities, and by policy, limit the amount of credit exposure with any one financial institution or commercial issuer. We are exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments but do not expect any counterparties to fail to meet their obligations. We perform ongoing credit evaluations of our customers’ financial condition and generally require no collateral to secure accounts receivable. We maintain an allowance for potentially uncollectible accounts receivable based on our assessment of the collectability of accounts receivable. We regularly review the allowance by considering factors such as historical experience, credit quality, age of the accounts receivable balances, and current economic conditions that may affect a customer’s ability to pay. In addition, we utilize deposits and/or letters of credit to mitigate credit risk when considered appropriate.
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 material impact on our consolidated condensed financial statements. Improvements to Reportable Segment Disclosures. In November 2023, the FASB issued an accounting standard update to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses (Topic 280). The standard requires interim and annual disclosure of significant segment expenses that are regularly provided to the chief operating decision-maker (CODM) and included within the reported measure of a segment’s profit or loss, requires interim disclosures about a reportable segment’s profit or loss and assets that are currently required annually, requires disclosure of the position and title of the CODM, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss and contains other disclosure requirements. We adopted this authoritative guidance in the fourth quarter of fiscal 2025 and expanded the disclosures in our notes to the consolidated financial statements. See Note 15, Industry Segment Operations, of the Notes to the Consolidated Financial Statements for further information.
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, included in the above table, were not material during fiscal 2025 and 2024 and were $121 million during fiscal 2023. These impairment losses are included in interest and other income (expense), net in the Consolidated Statement of Operations.
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 Statement of Operations.
Treasury Stock	We record common stock repurchased and held as treasury stock 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 share-based awards that include performance and/or market goals, is recognized for each tranche over the service period. The cost of the portion of share-based 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 share-based awards subject to market goals is recognized based on the assumption of 100% achievement of the goal.

Cash, Cash Equivalents and Investments

12 Months Ended

Oct. 26, 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:


October 26, 2025	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,419	$	—	$	—	$	1,419
Cash equivalents:
Money market funds*	2,193		—		—		2,193
Bank certificates of deposit and time deposits	180		—		—		180
U.S. Treasury and agency securities	1,196		—		—		1,196

Municipal securities	5		—		—		5
Commercial paper, corporate bonds and medium-term notes	2,248		—		—		2,248

Total cash equivalents	5,822		—		—		5,822
Total cash and cash equivalents	$	7,241	$	—	$	—	$	7,241
Short-term and long-term investments:
Bank certificates of deposit and time deposits	$	4	$	—	$	—	$	4
U.S. Treasury and agency securities	1,229		3		—		1,232
Non-U.S. government securities**	5		—		—		5
Municipal securities	463		5		—		468
Commercial paper, corporate bonds and medium-term notes	848		6		—		854
Asset-backed and mortgage-backed securities	614		4		2		616
Total fixed income securities	3,163		18		2		3,179
Publicly traded equity securities	1,288		824		2		2,110
Equity investments in privately held companies	342		74		46		370
Total equity investments	1,630		898		48		2,480
Total short-term and long-term investments	$	4,793	$	916	$	50	$	5,659
Total cash, cash equivalents and investments	$	12,034	$	916	$	50	$	12,900

_________________________

*Excludes $71 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 fiscal 2025, 2024 and 2023, interest income from our cash, cash equivalents and fixed income securities was $406 million, $486 million and $262 million, respectively.

Maturities of Investments

The following table summarizes the contractual maturities of our investments as of October 26, 2025:


	Cost		Estimated Fair Value

	(In millions)
Due in one year or less	$	1,275	$	1,276
Due after one through five years	1,274		1,287

No single maturity date*	2,244		3,096
Total	$	4,793	$	5,659

_________________________

*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

At October 26, 2025, 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).

During fiscal 2025, 2024 and 2023, gross realized gains and losses related to our fixed income portfolio were not material.

During fiscal 2025, 2024 and 2023, we did not recognize material credit losses and the ending allowance for credit losses was not material.

The components of gain (loss) on equity investments recognized in the Consolidated Statements of Operations for each fiscal year were as follows:


	2025		2024		2023

	(In millions)
Publicly traded equity securities
Unrealized gain	$	887	$	332	$	193
Unrealized loss	(139)		(287)		(44)
Realized gain on sales and dividends	91		5		9
Realized loss on sales or impairment	—		(1)		(4)
Equity investments in privately held companies
Unrealized gain	20		3		15
Unrealized loss	(13)		(17)		(30)
Realized gain on sales and dividends	10		4		9
Realized loss on sales or impairment	(35)		(19)		(121)
Total gain (loss) on equity investments, net	$	821	$	20	$	27

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended												12 Months Ended
	Oct. 26, 2025	Jul. 27, 2025	Apr. 27, 2025	Jan. 26, 2025	Oct. 27, 2024	Jul. 28, 2024	Apr. 28, 2024	Jan. 28, 2024	Oct. 29, 2023	Jul. 30, 2023	Apr. 30, 2023	Jan. 29, 2023	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared per share (in dollars per share)	$ 0.46	$ 0.46	$ 0.46	$ 0.40	$ 0.40	$ 0.40	$ 0.40	$ 0.32	$ 0.32	$ 0.32	$ 0.32	$ 0.26	$ 1.78	$ 1.52	$ 1.22

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Billions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Time period for hedging of foreign currency transactions	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	$ 2.3	$ 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

Restructuring Charges (Tables)

12 Months Ended

Oct. 26, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Charges

Restructuring charges related to the Fiscal 2025 Restructuring Plan were as follows:


	2025
	(In millions)
Severance and other employee-related charges	$	154
Asset impairments	27
Total	$	181

Schedule of Restructuring Charges Reserves

Changes in restructuring reserves related to the Fiscal 2025 Restructuring Plan described above were as follows:


	Restructuring Charges Reserves

	(In millions)
Balance as of October 27, 2024	$	—
Restructuring charges	167
Consumption of reserves	(2)
Balance as of October 26, 2025	$	165

Guarantees, Commitments and Contingencies (Details) $ in Millions	Oct. 26, 2025 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Maximum potential amount of future payments for letters of credit or other guarantee instruments	$ 350
Parent guarantees to banks	$ 293

Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 26, 2025	Oct. 27, 2024
Stockholders’ equity:
Preferred stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,500,000,000	2,500,000,000
Common stock, shares outstanding (in shares)	793,000,000	818,000,000
Common stock, shares issued (in shares)	793,000,000	818,000,000
Treasury stock (in shares)	1,241,000,000	1,211,000,000

Borrowing Facilities and Debt

12 Months Ended

Oct. 26, 2025

Debt Disclosure [Abstract]

Borrowing Facilities and Debt

Revolving Credit Facilities

In September 2025, we entered into a $2.0 billion 364-day committed revolving credit agreement (364-Day Credit Agreement) with a group of banks. The 364-Day Credit Agreement includes a provision under which we may request an increase in the amount of the facility of up to $1.0 billion for a total commitment of no more than $3.0 billion, subject to the receipt of commitments from one or more lenders for any such increase and other customary conditions. The 364-Day Credit Agreement is scheduled to expire in September 2026, provided, however, if any loans are outstanding on the maturity date, we may convert all or part of such loans to term loans that will mature in September 2027, subject to payment of a fee by us and other customary conditions. The 364-Day Credit Agreement provides for unsecured 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.

No amounts were outstanding under the 364-Day Credit Agreement as of October 26, 2025.

In February 2025, we entered into a $2.0 billion committed revolving credit agreement (Five-Year Credit Agreement) with a group of banks. The Five-Year 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 Five-Year Credit Agreement is scheduled to expire in February 2030, unless extended as permitted under the terms of the agreement. The Five-Year 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 Five-Year Credit Agreement replaced our prior $1.5 billion credit agreement, which was scheduled to expire in February 2026.

No amounts were outstanding under the Five-Year Credit Agreement or under the prior revolving credit agreement as of October 26, 2025 and October 27, 2024, respectively.

In addition, we have revolving credit facilities with Japanese banks pursuant to which we may borrow up to approximately $53 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 October 26, 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 up to a total of $4.0 billion. We increased the amount of commercial paper notes we may issue to $4.0 billion in the fourth quarter of fiscal 2025, subsequent to increasing the amount from $1.5 billion to $2.0 billion in the third quarter of fiscal 2025. The proceeds from the issuances of commercial paper are used for general corporate purposes. At October 26, 2025, we had $100 million of commercial paper notes outstanding and recorded as short-term debt with a weighted-average interest rate of 4.07% and maturities of 35 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

In September 2025, we issued $550 million aggregate principal amount of 4.000% senior unsecured notes due 2031 and $450 million aggregate principal amount of 4.600% senior unsecured notes due 2036, in a registered public offering. In October 2025, we used a portion of the net proceeds from the offering to repay the outstanding $700 million in aggregate principal amount of its 3.900% senior unsecured notes due October 1, 2025. The remaining net proceeds from the issuance of the senior unsecured notes are intended for general corporate purposes.

Debt outstanding as of October 26, 2025 and October 27, 2024 was as follows:


	Principal Amount
	October 26, 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	3.944%	April 1, October 1
Total current portion of long-term debt	$	—	$	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
4.000% Senior Notes Due 2031	550		—		4.070%	January 15, July 15
5.100% Senior Notes Due 2035	500		500		5.127%	April 1, October 1
4.600% Senior Notes Due 2036	450		—		4.632%	January 15, July 15
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
	6,500		5,500
Total unamortized discount	(12)		(10)
Total unamortized debt issuance costs	(33)		(30)
Total long-term debt	$	6,455	$	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)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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-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
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-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
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-Section 50
-Paragraph 1B
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Paragraph 1I
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Income Taxes - Valuation Allowance (Details) - Valuation Allowance of Deferred Tax Assets - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Changes in allowance for doubtful accounts
Beginning balance	$ 569	$ 530	$ 460
Increases	480	39	70
Ending balance	$ 1,049	$ 569	$ 530

Balance Sheet Detail - Deferred Income Taxes and Other Assets (Details) - USD ($) $ in Millions	Oct. 26, 2025	Oct. 27, 2024
Balance Sheet Detail [Abstract]
Non-current deferred income taxes	$ 1,233	$ 2,393
Operating lease right-of-use assets	$ 509	$ 375
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Deferred income taxes and other assets	Deferred income taxes and other assets
Income tax receivables and other assets	$ 806	$ 314
Deferred income taxes and other assets	$ 2,548	$ 3,082

Fair Value Measurements

12 Months Ended

Oct. 26, 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:


	October 26, 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*	$	2,264	$	—	$	2,264	$	3,512	$	—	$	3,512
Bank certificates of deposit and time deposits	—		184		184		—		103		103
U.S. Treasury and agency securities	2,109		319		2,428		2,684		14		2,698
Non-U.S. government securities	—		5		5		—		5		5
Municipal securities	—		473		473		—		460		460
Commercial paper, corporate bonds and medium-term notes	—		3,102		3,102		—		2,590		2,590
Asset-backed and mortgage-backed securities	—		616		616		—		654		654
Total available-for-sale debt security investments	$	4,373	$	4,699	$	9,072	$	6,196	$	3,826	$	10,022
Equity investments with readily determinable values

Publicly traded equity securities	$	2,110	$	—	$	2,110	$	723	$	—	$	723
Total equity investments with readily determinable values	$	2,110	$	—	$	2,110	$	723	$	—	$	723
Total	$	6,483	$	4,699	$	11,182	$	6,919	$	3,826	$	10,745

______________________________

We did not have any financial assets measured at fair value on a recurring basis within Level 3 fair value measurements as of October 26, 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, included in the above table, were not material during fiscal 2025 and 2024 and were $121 million during fiscal 2023. These impairment losses are included in interest and other income (expense), net in the Consolidated Statement of Operations.

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. At October 26, 2025, the aggregate principal amount of long-term senior unsecured notes was $6.5 billion, and the estimated fair value was $6.2 billion. At 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 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
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-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

Accounts Receivable, Net	12 Months Ended
Accounts Receivable, Net	Oct. 26, 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 $501 million, $444 million and $679 million of accounts receivable during fiscal 2025, 2024 and 2023, respectively. We did not discount letters of credit issued by customers in fiscal 2025, 2024 and 2023. There was no discounting of promissory notes in each of fiscal 2025, 2024 and 2023. Financing charges on the sale of receivables and discounting of letters of credit are included in interest expense in the accompanying Consolidated Statements of Operations and were not material for all years 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 Statement of Operations. The balances of allowance for credit losses and changes in allowance for credit losses were not material for fiscal 2025, 2024 and 2023. We sell our products principally to manufacturers within the semiconductor industry. While we believe that our allowance for credit losses is adequate and represents our best estimate as of October 26, 2025, we continue to closely monitor customer liquidity and industry and economic conditions, which may result in changes to our estimates.

Contract Balances and Performance Obligations (Tables)

12 Months Ended

Oct. 26, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Contract Balances

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


	October 26, 2025		October 27, 2024
	(In millions)

Contract assets	$	281	$	269
Contract liabilities	$	2,566	$	2,849

Restructuring Charges - Narrative (Details)	12 Months Ended
Restructuring Charges - Narrative (Details)	Oct. 26, 2025
Fiscal 2025 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Positions eliminated, percentage	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

Guarantees, Commitments and Contingencies	12 Months Ended
Guarantees, Commitments and Contingencies	Oct. 26, 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 October 26, 2025, the maximum potential amount of future payments that we could be required to make under these guarantee agreements was approximately $350 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 October 26, 2025, we have provided parent guarantees to banks for approximately $293 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

12 Months Ended

Oct. 26, 2025

Balance Sheet Detail [Abstract]

Balance Sheet Detail


	October 26, 2025		October 27, 2024

	(In millions)
Inventories
Customer service spares	$	1,786	$	1,742
Raw materials	2,007		1,680
Work-in-process	914		879
Finished goods
Deferred cost of sales	229		217
Evaluation inventory	474		459
Manufactured on-hand inventory	505		444
Total finished goods	1,208		1,120
Total inventories	$	5,915	$	5,421


	October 26, 2025		October 27, 2024

	(In millions)
Other Current Assets


Prepaid income taxes and income taxes receivable	$	148	$	120
Prepaid expenses and other	1,060		974
	$	1,208	$	1,094


	Useful Life	October 26, 2025		October 27, 2024

	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	558	$	492
Buildings and improvements	3-30	2,930		2,359
Demonstration and manufacturing equipment	5-8	2,708		2,578
Furniture, fixtures and other equipment	3-5	855		782
Construction in progress		1,460		898
Gross property, plant and equipment		8,511		7,109
Accumulated depreciation		(3,901)		(3,770)
		$	4,610	$	3,339

Depreciation expense was $389 million, $346 million and $471 million for fiscal 2025, 2024 and 2023, respectively.


	October 26, 2025		October 27, 2024

	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,233	$	2,393
Operating lease right-of-use assets	509		375

Income tax receivables and other assets	806		314
	$	2,548	$	3,082


	October 26, 2025		October 27, 2024

	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,978	$	1,570

Compensation and employee benefits	1,221		1,188

Warranty	346		364
Dividends payable	365		327
Income taxes payable	380		535


Operating lease liabilities, current	91		87

Restructuring reserve	165		—
Other	787		749
	$	5,333	$	4,820


	October 26, 2025		October 27, 2024

	(In millions)
Other Liabilities


Defined and postretirement benefit plans	$	151	$	142
Operating lease liabilities, non-current	404		259

Other	519		409
	$	1,074	$	810

Government Assistance

Capital expenditure related incentives reduced gross property, plant and equipment, net by $1.2 billion as of October 26, 2025. Contra-depreciation expense was not material in fiscal 2025. Operating incentives recognized as a reduction to research, development and engineering expense was $31 million in fiscal 2025. Capital expenditure related incentives reduced our income taxes payable by $781 million as of October 26, 2025, of which $233 million is in other current assets and $548 million is in deferred income taxes and other assets, in our Consolidated Balance Sheets.

Earnings Per Share (Tables)

12 Months Ended

Oct. 26, 2025

Earnings Per Share [Abstract]

Schedule of Earnings per Share


Fiscal Year	2025		2024		2023

	(In millions, except per share amounts)
Numerator:
Net income	$	6,998	$	7,177	$	6,856
Denominator:
Weighted average common shares outstanding	804		827		840
Effect of weighted dilutive restricted stock units and employees’ stock purchase plan shares	4		7		5
Denominator for diluted earnings per share	808		834		845
Basic earnings per share	$	8.71	$	8.68	$	8.16
Diluted earnings per share	$	8.66	$	8.61	$	8.11
Potentially weighted dilutive securities	—		—		—

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Employee Stock Purchase Plan, Valuation Assumptions (Details) - Employee Stock Purchase Plan - $ / shares	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	1.19%	0.82%	0.98%
Expected volatility	42.00%	40.10%	39.40%
Risk-free interest rate	4.13%	5.03%	5.29%
Expected life (in years)	6 months	6 months	6 months
Weighted average estimated fair value (in dollars per share)	$ 42.04	$ 52.31	$ 35.31

- 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

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-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

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-Section 50
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-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
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-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
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-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)
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-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)
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-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

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Unrecognized Tax Benefits [Roll Forward]
Beginning balance of gross unrecognized tax benefits	$ 544	$ 510	$ 498
Lapses of statutes of limitation	(82)	0	0
Increases in tax positions for current year	26	25	28
Increases in tax positions for prior years	0	13	0
Decreases in tax positions for prior years	(1)	(4)	(16)
Ending balance of gross unrecognized tax benefits	$ 487	$ 544	$ 510

Balance Sheet Detail - Other Current Assets (Details) - USD ($) $ in Millions	Oct. 26, 2025	Oct. 27, 2024
Other Current Assets
Prepaid income taxes and income taxes receivable	$ 148	$ 120
Prepaid expenses and other	1,060	974
Total other current assets	$ 1,208	$ 1,094

Employee Benefit Plans (Details) $ in Millions	12 Months Ended
Employee Benefit Plans (Details) $ in Millions	Oct. 26, 2025 USD ($) plan	Oct. 27, 2024 USD ($)	Oct. 29, 2023 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Charges to expense under employee bonus plans	$ 785	$ 837	$ 702
Number of unfunded plans \| plan	2
Executive Deferred Compensation Plans
Defined Benefit Plan Disclosure [Line Items]
Amounts payable under EDCP	$ 436	$ 357

- 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 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (k)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-7

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (m)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

+ Details

Balance Sheet Detail - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Oct. 26, 2025	Oct. 27, 2024
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 8,511	$ 7,109
Accumulated depreciation	(3,901)	(3,770)
Net property, plant and equipment	4,610	3,339
Land and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	558	492
Buildings and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 2,930	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	$ 2,708	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	$ 855	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	$ 1,460	$ 898

Industry Segment Operations - Summary of Net Sales and Long-lived Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 28,368	$ 27,176	$ 26,517
Long-lived assets	5,337	3,955
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	3,063	3,818	4,006
Long-lived assets	5,071	3,759
Total outside United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	25,305	23,358	22,511
Long-lived assets	266	196
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	8,529	10,117	7,247
Long-lived assets	8	3
Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	5,608	4,493	4,609
Long-lived assets	9	9
Taiwan
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	6,857	4,010	5,670
Long-lived assets	67	59
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	2,273	2,154	2,075
Long-lived assets	6	7
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	962	1,443	2,152
Long-lived assets	155	113
Southeast Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	1,076	1,141	$ 758
Long-lived assets	$ 21	$ 5

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Valuation of Share-based Awards (Details) - $ / shares	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
RSUs and Performance Shares Subject to Performance Goals \| Minimum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Grant date market value (in dollars per share)	$ 138.24	$ 148.39	$ 104.22
Risk-free interest rate	3.56%	3.48%	3.64%
Dividend yield	1.18%	0.72%	0.70%
Fair value (in dollars per share)	$ 134.61	$ 144.79	$ 102.09
RSUs and Performance Shares Subject to Performance Goals \| Maximum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Grant date market value (in dollars per share)	$ 223.91	$ 241.26	$ 143.97
Risk-free interest rate	4.52%	5.37%	5.48%
Dividend yield	3.48%	2.62%	3.59%
Fair value (in dollars per share)	$ 220.09	$ 237.94	$ 141.33
Performance Shares Subject to Market Goals
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Grant date market value (in dollars per share)	$ 169.08		$ 109.37
Risk-free interest rate	4.10%		4.10%
Dividend yield	0.95%		0.95%
Expected volatility	42.65%		52.38%
Fair value (in dollars per share)	$ 183.40		$ 162.72
Performance Shares Subject to Market Goals \| Minimum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Grant date market value (in dollars per share)		$ 148.39
Risk-free interest rate		4.24%
Dividend yield		0.74%
Expected volatility		40.99%
Fair value (in dollars per share)		$ 195.32
Performance Shares Subject to Market Goals \| Maximum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Grant date market value (in dollars per share)		$ 173.89
Risk-free interest rate		4.30%
Dividend yield		0.86%
Expected volatility		43.35%
Fair value (in dollars per share)		$ 249.37

Cash, Cash Equivalents and Investments - Summary of Cash, Cash Equivalents and Investments (Details) - USD ($) $ in Millions	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Summary of Cash, Cash Equivalents and Investments
Cash	$ 1,419	$ 1,313
Total cash equivalents	5,822	6,709
Total cash and cash equivalents	7,241	8,022	$ 6,132
Total equity investments, cost	1,630	798
Total equity investments, gross unrealized gains	898	243
Total equity investments, gross unrealized losses	48	27
Total equity investments, estimated fair value	2,480	1,014
Total short-term and long-term investments cost	4,793	4,022
Total short-term and long-term investments, gross unrealized gains	916	252
Total short-term and long-term investments ,gross unrealized losses	50	38
Total short-term and long-term investments, estimated fair value	5,659	4,236
Total cash, cash equivalents and investments, cost	12,034	12,044
Total cash, cash equivalents and investments, gross unrealized gains	916	252
Total cash, cash equivalents and investments, gross unrealized losses	50	38
Total cash, cash equivalents and investments, estimated fair value	12,900	12,258
Restricted cash equivalents included in deferred income taxes and other assets	71	91	$ 101
Total fixed income securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	3,163	3,224
Gross unrealized gains on fixed income securities	18	9
Gross unrealized losses on fixed income securities	2	11
Estimated fair value of fixed income securities	3,179	3,222
Bank certificates of deposit and time deposits
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	4	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	4	13
U.S. Treasury and agency securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	1,229	1,306
Gross unrealized gains on fixed income securities	3	0
Gross unrealized losses on fixed income securities	0	2
Estimated fair value of fixed income securities	1,232	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	463	441
Gross unrealized gains on fixed income securities	5	2
Gross unrealized losses on fixed income securities	0	2
Estimated fair value of fixed income securities	468	441
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	848	803
Gross unrealized gains on fixed income securities	6	4
Gross unrealized losses on fixed income securities	0	2
Estimated fair value of fixed income securities	854	805
Asset-backed and mortgage-backed securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	614	656
Gross unrealized gains on fixed income securities	4	3
Gross unrealized losses on fixed income securities	2	5
Estimated fair value of fixed income securities	616	654
Publicly traded equity securities
Summary of Cash, Cash Equivalents and Investments
Equity investments cost	1,288	543
Equity investments unrealized gains	824	185
Equity investments unrealized losses	2	5
Equity investments estimated fair value	2,110	723
Equity investments in privately held companies
Summary of Cash, Cash Equivalents and Investments
Equity investments in privately held companies, cost	342	255
Equity investments in privately held companies, gross unrealized gains	74	58
Equity investments in privately held companies , gross unrealized losses	46	22
Equity investments in privately held companies, estimated fair value	370	291
Money market funds
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	2,193	3,421
Restricted cash equivalents included in deferred income taxes and other assets	71	91
Bank certificates of deposit and time deposits
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	180	90
U.S. Treasury and agency securities
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	1,196	1,394
Municipal securities
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	5	19
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Total cash equivalents	$ 2,248	$ 1,785

Fair Value Measurements - Assets Measured at Fair Value (Details) - USD ($) $ in Millions	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Assets:
Restricted cash equivalents included in deferred income taxes and other assets	$ 71	$ 91	$ 101
Restricted Cash Equivalent, Statement of Financial Position [Extensible Enumeration]	Deferred Income Taxes and Other Assets, Noncurrent	Deferred Income Taxes and Other Assets, Noncurrent
Money market funds
Assets:
Restricted cash equivalents included in deferred income taxes and other assets	$ 71	$ 91
Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	4	13
U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	1,232	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	468	441
Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	854	805
Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	616	654
Publicly traded equity securities
Assets:
Equity investments with readily determinable values	2,110	723
Recurring
Assets:
Available-for-sale debt security investments	9,072	10,022
Equity investments with readily determinable values	2,110	723
Total	11,182	10,745
Recurring \| Money market funds
Assets:
Available-for-sale debt security investments	2,264	3,512
Recurring \| Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	184	103
Recurring \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	2,428	2,698
Recurring \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	5	5
Recurring \| Municipal securities
Assets:
Available-for-sale debt security investments	473	460
Recurring \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	3,102	2,590
Recurring \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	616	654
Recurring \| Publicly traded equity securities
Assets:
Equity investments with readily determinable values	2,110	723
Recurring \| Level 1
Assets:
Available-for-sale debt security investments	4,373	6,196
Equity investments with readily determinable values	2,110	723
Total	6,483	6,919
Recurring \| Level 1 \| Money market funds
Assets:
Available-for-sale debt security investments	2,264	3,512
Recurring \| Level 1 \| Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	0	0
Recurring \| Level 1 \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	2,109	2,684
Recurring \| Level 1 \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	0	0
Recurring \| Level 1 \| Municipal securities
Assets:
Available-for-sale debt security investments	0	0
Recurring \| Level 1 \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	0	0
Recurring \| Level 1 \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	0	0
Recurring \| Level 1 \| Publicly traded equity securities
Assets:
Equity investments with readily determinable values	2,110	723
Recurring \| Level 2
Assets:
Available-for-sale debt security investments	4,699	3,826
Equity investments with readily determinable values	0	0
Total	4,699	3,826
Recurring \| Level 2 \| Money market funds
Assets:
Available-for-sale debt security investments	0	0
Recurring \| Level 2 \| Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	184	103
Recurring \| Level 2 \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	319	14
Recurring \| Level 2 \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	5	5
Recurring \| Level 2 \| Municipal securities
Assets:
Available-for-sale debt security investments	473	460
Recurring \| Level 2 \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	3,102	2,590
Recurring \| Level 2 \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	616	654
Recurring \| Level 2 \| Publicly traded equity securities
Assets:
Equity investments with readily determinable values	$ 0	$ 0

Contract Balances and Performance Obligations - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Oct. 26, 2025	Oct. 27, 2024
Revenue from Contract with Customer [Abstract]
Contract assets	$ 281	$ 269
Contract liabilities	$ 2,566	$ 2,849

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards - Government Assistance (Details)	12 Months Ended
	Oct. 26, 2025
Accounting Policies [Abstract]
Government assistance statement of income, extensible enumeration, not disclosed	capital expenditure

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Income Statement [Abstract]
Net revenue	$ 28,368	$ 27,176	$ 26,517
Cost of products sold	14,560	14,279	14,133
Gross profit	13,808	12,897	12,384
Operating expenses:
Research, development and engineering	3,570	3,233	3,102
Marketing and selling	858	836	776
General and administrative	910	961	852
Restructuring charges	181	0	0
Total operating expenses	5,519	5,030	4,730
Income from operations	8,289	7,867	7,654
Interest expense	269	247	238
Interest and other income (expense), net	1,251	532	300
Income before income taxes	9,271	8,152	7,716
Provision for income taxes	2,273	975	860
Net income	$ 6,998	$ 7,177	$ 6,856
Earnings per share:
Basic (in dollars per share)	$ 8.71	$ 8.68	$ 8.16
Diluted (in dollars per share)	$ 8.66	$ 8.61	$ 8.11
Weighted average number of shares:
Basic (in shares)	804	827	840
Diluted (in shares)	808	834	845

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards	12 Months Ended
	Oct. 26, 2025
Accounting Policies [Abstract]
Summary of Significant Accounting Policies and Recently Adopted Accounting Standards	Summary of Significant Accounting Policies and Recently Adopted Accounting Standards Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of Applied Materials, Inc. and its subsidiaries (we, us, and our) after elimination of intercompany balances and transactions. All references to a fiscal year apply to our fiscal year which ends on the last Sunday in October. Fiscal 2025, 2024 and 2023 each contained 52 weeks. Each fiscal quarter of 2025, 2024 and 2023 contained 13 weeks. Certain prior-year amounts have been reclassified to conform to current-year presentation. Use of Estimates 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. On an ongoing basis, we evaluate our estimates, including those related to standalone selling price (SSP) related to revenue recognition, accounts receivable and sales allowances, fair values of financial instruments, inventories, intangible assets and goodwill, useful lives of intangible assets and property, plant and equipment, fair values of share-based awards, warranty, and income taxes, among others. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Cash Equivalents All highly liquid investments with a remaining maturity of three months or less at the time of purchase are classified as cash equivalents. Cash equivalents consist primarily of investments in institutional money market funds, treasury bills and investment grade commercial paper. Investments All of our investments, except equity investments, are classified as available-for-sale at the respective balance sheet dates. Investments classified as available-for-sale are measured and recorded in the Consolidated Balance Sheets at fair value, and unrealized gains and losses, net of tax, are reported as a separate component of other comprehensive income. Interest earned on cash and investments, as well as realized gains and losses on sale of securities, are included in interest and other income, net in the Consolidated Statements of Operations. Our equity investments with readily determinable values consist of publicly traded equity securities. These investments are measured at fair value using quoted prices for identical assets in an active market. Privately held equity investments without readily determinable fair value are measured at cost, less impairment, adjusted by observable price changes. Adjustments resulting from impairments and observable price changes are recorded in interest and other income, net in the Consolidated Statements of Operations. Investments with remaining effective maturities of 12 months or less from the balance sheet date are classified as short-term investments. Investments with remaining effective maturities of more than 12 months from the balance sheet date are classified as long-term investments. Fair Value Measurements Our financial assets are measured and recorded at fair value on a recurring basis, except for equity investments in privately held companies. These equity investments are generally accounted for under the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes and are periodically assessed for impairment when events or circumstances indicate that a decline in value may have occurred. Our nonfinancial assets, such as goodwill, intangible assets, and property, plant and equipment, are recorded at cost and are assessed for impairment at least annually for goodwill, or whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. We use the following hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: •Level 1 — Quoted prices in active markets for identical assets or liabilities; •Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and •Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. In determining the fair value of our debt securities investments, we use pricing information from pricing services that value securities based on quoted market prices and models that utilize observable market inputs. In the event a fair value estimate is unavailable from a pricing service, we generally obtain non-binding price quotes from brokers. In addition, to validate pricing information obtained from pricing services, we periodically perform supplemental analysis on a sample of securities. We review any significant unanticipated differences identified through this analysis to determine the appropriate fair value. As of October 26, 2025, substantially all of our available-for-sale, short-term, and long-term investments were recognized at fair value that was determined based upon quoted prices or other observable inputs. Our equity investments with readily determinable values are measured at fair value using quoted prices for identical assets in an active market, and the changes in fair value of these equity investments are recognized in the consolidated statements of operations. Inventories Inventories are stated at the lower of cost or net realizable value, with approximate cost determined on a first-in, first-out (FIFO) basis. We adjust inventory carrying value for estimated obsolescence equal to the difference between the cost of inventory and the estimated net realizable value based upon assumptions about future demand and market conditions. We fully write down inventories and noncancelable purchase orders for inventory deemed obsolete. We perform periodic reviews of inventory items to identify excess inventories on hand by comparing on-hand balances to anticipated usage using recent historical activity as well as anticipated or forecasted demand. If estimates of customer demand diminish further or market conditions become less favorable than those projected by us, additional inventory adjustments may be required. Property, Plant and Equipment Property, plant and equipment is stated at cost. Depreciation is provided over the estimated useful lives of the assets using the straight-line method. Estimated useful lives of certain assets for financial reporting purposes are as follows: buildings and improvements, 3 to 30 years; demonstration and manufacturing equipment, 5 to 8 years; software, 3 to 5 years; and furniture, fixtures and other equipment, 3 to 5 years. Land improvements are amortized over the shorter of 15 years or their estimated useful life. Leasehold improvements are amortized over the shorter of five years or the lease term. Government Assistance We receive government assistance from various domestic and foreign governments in the form of cash grants or refundable tax credits. These arrangements incentivize us to continue growing our capital investments and research and development activities. Government incentives generally contain conditions that must be met in order for the assistance to be earned. We recognize the incentives when there is reasonable assurance that we will comply with all conditions specified in the incentive arrangement and the incentive will be received. We record capital expenditure related incentives as an offset to the associated property, plant and equipment, net within our Consolidated Balance Sheets and recognize a reduction to depreciation expense over the useful life of the corresponding acquired asset. We record incentives related to operating activities as a reduction to expense in the same line item on the Consolidated Statements of Operations as the expenditure for which the grant is intended to compensate. Acquisitions We account for the acquisition of a business using the acquisition method of accounting. Our methodology for allocating the purchase price relating to purchase acquisitions is determined through established and generally accepted valuation techniques. We allocate the fair value of the purchase consideration of our acquisitions to the tangible assets, liabilities, and intangible assets acquired, including in-process technology, based on their estimated fair values. Goodwill is measured as the excess of the purchase price over the sum of the amounts assigned to tangible and identifiable intangible assets acquired less liabilities assumed. We assign assets acquired (including goodwill) and liabilities assumed to one or more reporting units as of the date of acquisition. Typically, acquisitions relate to a single reporting unit and thus do not require the allocation of goodwill to multiple reporting units. If the products obtained in an acquisition are assigned to multiple reporting units, the goodwill is distributed to the respective reporting units as part of the purchase price allocation process. The value assigned to intangible assets is usually based on estimates and judgments regarding expectations for the success and life cycle of products and technology acquired. Goodwill and Intangible Assets Goodwill is not amortized but is reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The process of evaluating the potential impairment of goodwill requires judgment. When reviewing goodwill for impairment, we first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. In performing a qualitative assessment, we consider business conditions and other factors including, but not limited to (i) adverse industry or economic trends, (ii) restructuring actions and lower projections that may impact future operating results, (iii) sustained decline in share price, and (iv) overall financial performance and other events affecting the reporting units. If we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a quantitative impairment test is performed by estimating the fair value of the reporting unit and comparing it to its carrying value. If the carrying value of a reporting unit exceeds its fair value, we would record an impairment charge equal to the excess of the carrying value of the reporting unit over its fair value. In the fourth quarter of fiscal 2025, we performed a qualitative assessment to test goodwill for all of our reporting units for impairment. Based on this assessment, we determined that a quantitative impairment test was required for certain non-strategic businesses within our Corporate and Other category, primarily due to events related to the exit of one such business during the quarter. As a result, we recognized goodwill impairment charges of $41 million in general and administrative expenses in our Consolidated Statements of Operations. No goodwill impairment was recorded during fiscal 2024 and 2023. Intangible assets with finite lives are presented at cost, net of accumulated amortization, and are amortized over their estimated useful lives of 1 to 15 years using the straight-line method. We evaluate the useful lives of our intangible assets each reporting period to determine whether events and circumstances require revising the remaining period of amortization. Intangible assets with infinite lives are not subject to amortization and consist primarily of in-process technology, which will be subject to amortization upon commercialization. If an in-process technology project is abandoned, the acquired technology attributable to the project will be written-off. The carrying values of our intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset or asset group may not be recoverable. The balances of our intangible assets were not material as of October 26, 2025 or October 27, 2024 and amortization expenses were not material for fiscal 2025, 2024 and 2023. Long-Lived Assets Long-lived assets are evaluated for impairment whenever events or changes in circumstances indicate the carrying value of an asset or asset group may not be recoverable. We assess the recoverability of the assets by comparing the undiscounted future cash flow expected to result from the use and eventual disposal of the assets to their respective carrying value. If not recoverable, we recognize an impairment loss to the excess of the carrying value over the fair value of those assets and reduce the carrying value of the assets to their respective fair value. Fair value is determined by available market valuations, when available and appropriate, or by discounted cash flows. Leases A contract contains a lease when we have the right to control the use of an identified asset for a period of time in exchange for consideration. We lease certain facilities, vehicles and equipment under non-cancelable operating leases, many of which include options to renew. Options that are reasonably certain to be exercised are included in the calculation of the right-of-use asset and lease liability. Our finance leases are those that contain a purchase option which we are reasonably certain to exercise at the end of the lease term. Our leases do not contain residual value guarantees or significant restrictions that impact the accounting for leases. As implicit rates are not available for the leases, we use the incremental borrowing rate as of the lease commencement date in order to measure the right-of-use asset and liability. Operating lease expense is generally recognized on a straight-line basis over the lease term. Finance lease expense is generally recognized on a straight-line basis over the life of the underlying leased asset. We elected the practical expedient to account for lease and non-lease components as a single lease component for all leases. For leases with a term of one year or less, we elected not to record a right-of-use asset or lease liability and to account for the associated lease payments as they become due. A majority of our lease arrangements are operating leases. The balances of our operating leases right-of-use assets and liabilities were not material as of October 26, 2025 or October 27, 2024. Operating lease cost for fiscal 2025, 2024 and 2023 was not material. Revenue Recognition from Contracts with Customers We recognize revenue when promised goods or services are transferred to a customer in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. We determine revenue recognition through the following five steps: (1) identification of the contract(s) with customers, (2) identification of the performance obligations in the contract, (3) determination of the transaction price, (4) allocation of the transaction price to the performance obligations in the contract, and (5) recognition of revenue when, or as, a performance obligation is satisfied. Identifying the contract(s) with customers. We sell equipment, services, and spare parts directly to our customers in the semiconductor, display and related industries. We generally consider written documentation including, but not limited to, signed purchase orders, master agreements, and sales orders as contracts provided that collection is probable. Collectability is assessed based on the customer’s creditworthiness determined by reviewing the customer’s published credit and financial information, historical payment experience, as well as other relevant factors. Identifying the performance obligations. Our performance obligations include delivery of equipment, service agreements, spare parts, installation, extended warranty and training. Our service agreements are considered one performance obligation and may include multiple goods and services that we provide to the customer to deliver against a performance metric. Judgment is used to determine whether multiple promised goods or services in a contract should be accounted for separately or as a group. Determine the transaction price. The transaction price for our contracts with customers may include fixed and variable consideration. We include variable consideration in the transaction price to the extent that it is probable that a significant reversal of revenue will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Allocate the transaction price to the performance obligations. A contract’s transaction price is allocated to each distinct performance obligation identified within the contract. We generally estimate the standalone selling price of a distinct performance obligation based on historical cost plus an appropriate margin. For contracts with multiple performance obligations, we allocate the contract’s transaction price to each performance obligation using the relative standalone selling price of each distinct good or service in the contract. Recognizing the revenue as performance obligations are satisfied. We recognize revenue from equipment and spares parts at a point in time when we have satisfied our performance obligation by transferring control of the goods to the customer, which typically occurs at shipment or delivery. Revenue from service agreements is recognized over time, typically within 12 months, as customers receive the benefits of services. The incremental costs to obtain a contract are not material. Payment Terms. Payment terms vary by contract. Generally, the majority of payments are due within a certain number of days from shipment of goods or performance of service. The remainder is typically due upon customer technical acceptance. In certain circumstances we may receive deposits from customers for future deliverables. Our payment terms do not generally contain a significant financing component. Shipping and Handling Costs We account for shipping and handling activities related to contracts with customers as costs to fulfill our promise to transfer the associated products. Accordingly, amounts billed for shipping and handling costs are recorded as a component of net revenue and costs as a component of cost of products sold. Warranty Our products are generally sold with a warranty for a 12-month period following installation. Parts and labor are covered under the terms of the warranty agreement. We provide for the estimated cost of warranty when revenue is recognized. Estimated warranty costs are determined by analyzing specific product, current and historical configuration statistics and regional warranty support costs. Our warranty obligation is affected by product and component failure rates, material usage and labor costs incurred in correcting product failures during the warranty period. If actual warranty costs differ substantially from our estimates, revisions to the estimated warranty liability would be required. Quarterly warranty consumption is generally associated with sales that occurred during the preceding four quarters, and quarterly warranty provisions are generally related to the current quarter’s sales. We also sell extended warranty contracts to our customers which provide an extension of the standard warranty coverage period of up to 2 years. We receive payment at the inception of the contract and recognizes revenue ratably over the extended warranty coverage period, as the customer simultaneously receives and consumes the benefits of the extended warranty. Our warranty reserves balances and the components of changes in our warranty reserves were not material for all periods presented. Sales and Value Added Taxes Taxes collected from customers and remitted to governmental authorities are presented on a net basis in the Consolidated Statements of Operations. Research, Development and Engineering Costs Research, development and engineering costs are expensed as incurred. Income Taxes We recognize a current tax liability for the estimated amount of income tax payable on tax returns for the current fiscal year. Deferred tax assets and liabilities are recognized for the estimated future tax effects of temporary differences between the book and tax bases of assets and liabilities. Deferred tax assets are also recognized for net operating loss and tax credit carryovers. Deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized. Deferred tax assets and liabilities are measured based on enacted tax rates that are expected to apply in the period in which the assets are realized or the liabilities are settled. Deferred tax assets and liabilities are adjusted for the effect of a change in tax rates, laws, or status when the change is enacted. We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized from such positions are estimated based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Any changes in judgment related to uncertain tax positions are recognized in our provision for income taxes in the quarter in which such change occurs. Interest and penalties related to uncertain tax positions are recognized in our provision for income taxes. Derivative Financial Instruments We use financial instruments, such as foreign currency forward and option contracts, to hedge a portion of, but not all, existing and anticipated foreign currency denominated transactions typically expected to occur within 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. In certain cases, we also use interest rate swap or lock agreements to hedge against the variability of cash flows due to changes in the benchmark interest rate of fixed rate debt. The terms of derivative financial instruments used for hedging purposes are generally consistent with the timing of the transactions being hedged. Our derivative financial instruments are recorded as assets or liabilities at fair value and reported gross on our Consolidated Balance Sheets. However, under master netting agreements in place with our counterparties, we may net settle transactions of the same currency under certain circumstances. For derivative instruments designated and qualifying as cash flow hedges, the gain or loss 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. Any portion excluded from the assessment of effectiveness is recognized in the same line as the hedged transaction but may be recognized in a different manner, e.g., amortized. If a hedged transaction becomes probable of not occurring according to the original strategy, the hedge relationship is discontinued, and we recognize the gain or loss on the associated derivative in earnings. For hedges of existing foreign currency denominated assets or liabilities, the gain or loss is recorded in earnings in the same period to offset the changes in the fair value of the assets or liabilities being hedged. Foreign Currency As of October 26, 2025, all of our subsidiaries use the United States dollar as their functional currency. Accordingly, assets and liabilities of these subsidiaries are remeasured using exchange rates in effect at the end of the period, except for non-monetary assets, such as inventories and property, plant and equipment, which are remeasured using historical exchange rates. Foreign currency-denominated revenues and costs are remeasured using average exchange rates for the period, except for costs related to non-monetary assets and liabilities, which are remeasured using historical exchange rates. The resulting remeasurement gains and losses are included in interest and other income, net in the Consolidated Statements of Operations as incurred. Concentrations of Credit Risk Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash equivalents, investments, trade accounts receivable, and derivative financial instruments used in hedging activities. We invest in a variety of financial instruments, such as, but not limited to, commercial paper, corporate bonds, municipal securities, United States Treasury and agency securities, and asset-backed and mortgage-backed securities, and by policy, limit the amount of credit exposure with any one financial institution or commercial issuer. We are exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments but do not expect any counterparties to fail to meet their obligations. We perform ongoing credit evaluations of our customers’ financial condition and generally require no collateral to secure accounts receivable. We maintain an allowance for potentially uncollectible accounts receivable based on our assessment of the collectability of accounts receivable. We regularly review the allowance by considering factors such as historical experience, credit quality, age of the accounts receivable balances, and current economic conditions that may affect a customer’s ability to pay. In addition, we utilize deposits and/or letters of credit to mitigate credit risk when considered appropriate. 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 material impact on our consolidated condensed financial statements. Improvements to Reportable Segment Disclosures. In November 2023, the FASB issued an accounting standard update to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses (Topic 280). The standard requires interim and annual disclosure of significant segment expenses that are regularly provided to the chief operating decision-maker (CODM) and included within the reported measure of a segment’s profit or loss, requires interim disclosures about a reportable segment’s profit or loss and assets that are currently required annually, requires disclosure of the position and title of the CODM, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss and contains other disclosure requirements. We adopted this authoritative guidance in the fourth quarter of fiscal 2025 and expanded the disclosures in our notes to the consolidated financial statements. See Note 15, Industry Segment Operations, of the Notes to the Consolidated Financial Statements for further information.

Balance Sheet Detail (Tables)

12 Months Ended

Oct. 26, 2025

Balance Sheet Detail [Abstract]

Schedule of Inventories


	October 26, 2025		October 27, 2024

	(In millions)
Inventories
Customer service spares	$	1,786	$	1,742
Raw materials	2,007		1,680
Work-in-process	914		879
Finished goods
Deferred cost of sales	229		217
Evaluation inventory	474		459
Manufactured on-hand inventory	505		444
Total finished goods	1,208		1,120
Total inventories	$	5,915	$	5,421

Schedule of Other Current Assets


	October 26, 2025		October 27, 2024

	(In millions)
Other Current Assets


Prepaid income taxes and income taxes receivable	$	148	$	120
Prepaid expenses and other	1,060		974
	$	1,208	$	1,094

Schedule of Property, Plant and Equipment, Net


	Useful Life	October 26, 2025		October 27, 2024

	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	558	$	492
Buildings and improvements	3-30	2,930		2,359
Demonstration and manufacturing equipment	5-8	2,708		2,578
Furniture, fixtures and other equipment	3-5	855		782
Construction in progress		1,460		898
Gross property, plant and equipment		8,511		7,109
Accumulated depreciation		(3,901)		(3,770)
		$	4,610	$	3,339

Schedule of Deferred Income Taxes and Other Assets


	October 26, 2025		October 27, 2024

	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,233	$	2,393
Operating lease right-of-use assets	509		375

Income tax receivables and other assets	806		314
	$	2,548	$	3,082

Schedule of Accounts Payable and Accrued Expenses


	October 26, 2025		October 27, 2024

	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,978	$	1,570

Compensation and employee benefits	1,221		1,188

Warranty	346		364
Dividends payable	365		327
Income taxes payable	380		535


Operating lease liabilities, current	91		87

Restructuring reserve	165		—
Other	787		749
	$	5,333	$	4,820

Schedule of Other Liabilities


	October 26, 2025		October 27, 2024

	(In millions)
Other Liabilities


Defined and postretirement benefit plans	$	151	$	142
Operating lease liabilities, non-current	404		259

Other	519		409
	$	1,074	$	810

Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 26, 2025	Oct. 27, 2024
Current assets:
Cash and cash equivalents	$ 7,241	$ 8,022
Short-term investments	1,332	1,449
Accounts receivable, net	5,185	5,234
Inventories	5,915	5,421
Other current assets	1,208	1,094
Total current assets	20,881	21,220
Long-term investments	4,327	2,787
Property, plant and equipment, net	4,610	3,339
Goodwill	3,707	3,732
Purchased technology and other intangible assets, net	226	249
Deferred income taxes and other assets	2,548	3,082
Total assets	36,299	34,409
Current liabilities:
Short-term debt	100	799
Accounts payable and accrued expenses	5,333	4,820
Contract liabilities	2,566	2,849
Total current liabilities	7,999	8,468
Long-term debt	6,455	5,460
Income taxes payable	356	670
Other liabilities	1,074	810
Total liabilities	15,884	15,408
Commitments and contingencies (Note 14)
Stockholders’ equity:
Preferred stock: $0.01 par value per share; 1 shares authorized; no shares issued	0	0
Common stock: $0.01 par value per share; 2,500 shares authorized; 793 and 818 shares outstanding at 2025 and 2024, respectively	8	8
Additional paid-in capital	10,333	9,660
Retained earnings	55,227	49,651
Treasury stock: 1,241 and 1,211 shares at 2025 and 2024, respectively	(45,043)	(40,150)
Accumulated other comprehensive loss	(110)	(168)
Total stockholders’ equity	20,415	19,001
Total liabilities and stockholders’ equity	$ 36,299	$ 34,409

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards - Property Plant and Equipment (Details)	12 Months Ended
	Oct. 26, 2025
Land improvements
Property, Plant and Equipment [Line Items]
Term of amortization	15 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Term of amortization	5 years
Minimum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Useful life	3 years
Minimum \| Demonstration and manufacturing equipment
Property, Plant and Equipment [Line Items]
Useful life	5 years
Minimum \| Software
Property, Plant and Equipment [Line Items]
Useful life	3 years
Minimum \| Furniture, fixtures and other equipment
Property, Plant and Equipment [Line Items]
Useful life	3 years
Maximum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Useful life	30 years
Maximum \| Demonstration and manufacturing equipment
Property, Plant and Equipment [Line Items]
Useful life	8 years
Maximum \| Software
Property, Plant and Equipment [Line Items]
Useful life	5 years
Maximum \| Furniture, fixtures and other equipment
Property, Plant and Equipment [Line Items]
Useful life	5 years

Stockholders' Equity, Comprehensive Income and Share-Based Compensation

12 Months Ended

Oct. 26, 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 at October 30, 2022	$	(75)	$	(52)	$	(88)	$	13	(202)


Other comprehensive income (loss) before reclassifications	16		(44)		17		—		(11)
Amounts reclassified out of AOCI	9		(22)		9		—		(4)
Other comprehensive income (loss), net of tax	25		(66)		26		—		(15)
Balance at October 29, 2023	$	(50)	$	(118)	$	(62)	$	13	$	(217)


Other comprehensive income (loss) before reclassifications	34		28		—		—		62
Amounts reclassified out of AOCI	9		3		(25)		—		(13)
Other comprehensive income, net of tax	43		31		(25)		—		49
Balance at October 27, 2024	$	(7)	$	(87)	$	(87)	$	13	$	(168)


Other comprehensive income (loss) before reclassifications	17		58		—		—		75
Amounts reclassified out of AOCI	1		(5)		(13)		—		(17)
Other comprehensive income (loss), net of tax	18		53		(13)		—		58
Balance at October 26, 2025	$	11	$	(34)	$	(100)	$	13	$	(110)

The tax effects on net income of amounts reclassified from AOCI were not material for the fiscal 2025, 2024 and 2023.

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 previous $10.0 billion authorization approved in March 2023. At October 26, 2025, approximately $14.0 billion remained available for future stock repurchases under the repurchase program.

The following table summarizes our stock repurchases, including and excluding excise tax, for each fiscal year:


	2025		2024		2023

	(In millions, except per share amounts)
Shares of common stock repurchased	30		20		18
Cost of stock repurchased (including excise tax)*	$	4,893	$	3,851	$	2,202
Average price paid per share (including excise tax)*	$	162.85	$	190.27	$	123.63
Cost of stock repurchased (excluding excise tax)	$	4,853	$	3,823	$	2,189
Average price paid per share (excluding excise tax)	$	161.54	$	188.87	$	122.89

(*) 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 common stock repurchased and held as treasury stock 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

During fiscal 2025, our Board of Directors declared one quarterly cash dividend of $0.40 per share and three quarterly cash dividends of $0.46 per share. During fiscal 2024, our Board of Directors declared one quarterly cash dividend of $0.32 per share and three quarterly cash dividends of $0.40 per share. During fiscal 2023, our Board of Directors declared one quarterly cash dividend of $0.26 per share and three quarterly cash dividends of $0.32 per share. Dividends paid during fiscal 2025, 2024 and 2023 amounted to $1.4 billion, $1.2 billion and $975 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.

We recognized share-based compensation expense related to share-based awards and ESPP shares. The effect of share-based compensation on the results of operations and the related tax benefits for each fiscal year were as follows:


	2025		2024		2023

	(In millions)
Cost of products sold	$	158	$	134	$	180
Research, development, and engineering	259		219		179
Marketing and selling	85		72		55
General and administrative	166		152		76
Restructuring charges*	(8)		—		—
Total share-based compensation	$	660	$	577	$	490

Income tax benefits recognized	$	80	$	73	$	63

(*) Amount related to modification of share-based awards associated with the Fiscal 2025 Restructuring Plan.

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 share-based awards that include performance and/or market goals, is recognized for each tranche over the service period. The cost of the portion of share-based 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 share-based awards subject to market goals is recognized based on the assumption of 100% achievement of the goal.

At October 26, 2025, we had $947 million 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 2.4 years. At October 26, 2025, there were 17 million shares available for grant of share-based awards under the ESIP, and an additional 8 million shares available for issuance under the ESPP.

Stock Options

Stock options are rights to purchase, at future dates, shares of our common stock. There were no stock options granted during fiscal 2025, 2024 and 2023 and no outstanding stock options at the end of fiscal 2025.

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

Restricted stock units are converted into shares of our common stock upon vesting on a one-for-one basis. Restricted stock has the same rights as other issued and outstanding shares of our common stock except these shares generally have no right to dividends and are held in escrow until the award vests. Performance share units and performance units are awards that result in a payment to a grantee, generally in shares of our common stock on a one-for-one basis, if performance goals, market goals and/or other vesting criteria are achieved or the awards otherwise vest. Restricted stock units, restricted stock, performance share units and performance units typically vest over three to four years and vesting is usually subject to the grantee’s continued service with us and, in some cases, achievement of specified performance and/or market goals.

The compensation expense related to share-based awards subject solely to time-based vesting requirements (Service-Based Awards) is determined using the market value of our common stock, adjusted to exclude the present value of expected dividends during the vesting period. The market value of our common stock is calculated using the closing price of our common stock on the date of grant, or if the grant date is not a trading date, the average of the closing prices on the trading dates immediately preceding and following the grant date.

During fiscal 2025, 2024 and 2023, certain members of senior management were granted share-based awards that are subject to the achievement of certain levels of specified market and performance goals, in addition to time-based vesting requirements (Performance-Based Awards). The market goal for Performance-Based Awards granted during fiscal 2025, 2024 and 2023 is targeted levels of total shareholder return (TSR) relative to the TSR of the companies in the Standard & Poor’s 500 Index. The performance goal for Performance-Based Awards granted during fiscal 2025 is non-GAAP economic profit, and the performance goal for awards granted during fiscal 2024 and 2023 is non-GAAP operating margin. Each of the performance goal and market goal is weighted 50% and is 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.

The fair value of the portion of the Performance-Based Awards subject to targeted levels of relative TSR is estimated on the date of grant using a Monte Carlo simulation model. Compensation expense is recognized based upon the assumption of 100% achievement of the TSR goal and will not be reversed even if the threshold level of TSR is never achieved, and is reflected over the service period and reduced for estimated forfeitures.

The fair value of the portion of the Performance-Based Awards subject to targeted levels of non-GAAP economic profit or non-GAAP operating margin is estimated on the date of grant based on the market value of our common stock, adjusted to exclude the present value of expected dividends during the vesting period. The market value of our common stock is calculated using the closing price of our common stock on the date of the grant or, if the grant date is not a trading date, the average of the closing prices on the trading dates immediately preceding and following the grant date. If the performance goals are not met as of the end of the performance period, no compensation expense is recognized and any previously recognized compensation expense is reversed. The expected cost is based on the portion of the awards that is probable to vest and is reflected over the service period and reduced for estimated forfeitures.

The following tables summarize the assumptions used for the valuation of share-based awards for the periods presented:


	2025	2024	2023
Service-Based Awards and the portion of Performance-Based Awards subject to performance goals:
Grant date market value	$138.24 - $223.91	$148.39 - $241.26	$104.22 - $143.97
Risk-free interest rate	3.56% - 4.52%	3.48% - 5.37%	3.64% - 5.48%
Dividend yield	1.18% - 3.48%	0.72% - 2.62%	0.70% - 3.59%
Fair value	$134.61 - $220.09	$144.79 - $237.94	$102.09 - $141.33


	2025	2024	2023
Portion of Performance-Based Awards subject to market goals:
Grant date market value	$169.08	$148.39 - $173.89	$109.37
Risk-free interest rate	4.10%	4.24% - 4.30%	4.10%
Dividend yield	0.95%	0.74% - 0.86%	0.95%
Expected volatility	42.65%	40.99% - 43.35%	52.38%
Fair value	$183.40	$195.32 - $249.37	$162.72

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


	Shares	Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value

	(In millions, except per share amounts)
Non-vested restricted stock units, restricted stock, performance share units and performance units at October 27, 2024	10	$	129.31
Granted	5	$	165.66
Vested	(5)	$	126.15
Canceled	(1)	$	139.50
Non-vested restricted stock units, restricted stock, performance share units and performance units at October 26, 2025	9	$	148.43	2.3 years	$	2,086
Non-vested restricted stock units, restricted stock, performance share units and performance units expected to vest	9	$	148.23	2.2 years	$	2,029

At October 26, 2025, 0.7 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:


	2025		2024		2023
	(In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted	$	165.66	$	149.20	$	104.00
Total fair value of vested awards	$	647	$	527	$	367

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 began in March and September of each of fiscal 2025, 2024 and 2023. We issued 2 million shares in fiscal 2025 at a weighted average price of $131.75 per share, 2 million shares in fiscal 2024 at a weighted average price of $147.38 per share and 2 million shares in fiscal 2023 at a weighted average price of $87.75 per share, under the ESPP. 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:


	2025		2024		2023
ESPP:
Dividend yield	1.19	%	0.82	%	0.98	%
Expected volatility	42.0	%	40.1	%	39.4	%
Risk-free interest rate	4.13	%	5.03	%	5.29	%
Expected life (in years)	0.5		0.5		0.5
Weighted average estimated fair value	$42.04		$52.31		$35.31

Income Taxes - Components of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Oct. 26, 2025	Oct. 27, 2024
Deferred tax assets:
Corporate Alternative Minimum Tax	$ 407	$ 410
Capitalized R&D expenses	295	217
Allowance for doubtful accounts	3	4
Inventory reserves and basis difference	145	127
Installation and warranty reserves	42	70
Intangible assets	225	977
Accrued liabilities	29	24
Deferred revenue	61	72
Tax credits	677	592
Deferred compensation	265	261
Share-based compensation	34	44
Property, plant and equipment	192	101
Lease liability	104	72
Other	50	79
Gross deferred tax assets	2,529	3,050
Valuation allowance	(1,049)	(569)
Total deferred tax assets	1,480	2,481
Deferred tax liabilities:
Right of use assets	(105)	(76)
Undistributed foreign earnings	(26)	(23)
Investments	(133)	0
Total deferred tax liabilities	(264)	(99)
Net deferred tax assets	$ 1,216	$ 2,382

Industry Segment Operations - Schedule of Reportable Segment Information (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Segment Reporting Information [Line Items]
Net revenue	$ 28,368	$ 27,176	$ 26,517
Cost of products sold	14,560	14,279	14,133
Gross profit	$ 13,808	$ 12,897	$ 12,384
Gross margin	48.70%	47.50%	46.70%
Operating expenses:
Research, development and engineering	$ 3,570	$ 3,233	$ 3,102
Selling, general and administrative	1,768	1,797	1,628
Restructuring charges	181
Income from operations	$ 8,289	$ 7,867	$ 7,654
Operating margin	29.20%	28.90%	28.90%
Depreciation and amortization	$ 435	$ 392	$ 515
Capital expenditures	2,260	1,190	1,106
Accounts receivable	5,185	5,234	5,165
Inventories	5,915	5,421	5,725
Goodwill	3,707	3,732	3,732
Operating Segments \| Semiconductor Systems
Segment Reporting Information [Line Items]
Net revenue	20,798	19,911	19,698
Cost of products sold	9,530	9,379	9,456
Gross profit	$ 11,268	$ 10,532	$ 10,242
Gross margin	54.20%	52.90%	52.00%
Operating expenses:
Research, development and engineering	$ 3,042	$ 2,684	$ 2,544
Selling, general and administrative	847	867	819
Restructuring charges	0
Income from operations	$ 7,379	$ 6,981	$ 6,879
Operating margin	35.50%	35.10%	34.90%
Depreciation and amortization	$ 192	$ 168	$ 235
Capital expenditures	507	425	381
Accounts receivable	3,733	3,816	3,943
Inventories	3,444	2,988	3,433
Goodwill	2,476	2,460	2,460
Operating Segments \| Applied Global Services
Segment Reporting Information [Line Items]
Net revenue	6,385	6,225	5,732
Cost of products sold	4,251	4,088	3,911
Gross profit	$ 2,134	$ 2,137	$ 1,821
Gross margin	33.40%	34.30%	31.80%
Operating expenses:
Research, development and engineering	$ 126	$ 114	$ 101
Selling, general and administrative	216	211	191
Restructuring charges	0
Income from operations	$ 1,792	$ 1,812	$ 1,529
Operating margin	28.10%	29.10%	26.70%
Depreciation and amortization	$ 26	$ 22	$ 31
Capital expenditures	57	35	39
Accounts receivable	1,269	1,297	1,111
Inventories	2,301	2,306	2,073
Goodwill	1,032	1,032	1,032
Corporate and Other
Segment Reporting Information [Line Items]
Net revenue	1,185	1,040	1,087
Cost of products sold	779	812	766
Gross profit	406	228	321
Operating expenses:
Research, development and engineering	402	435	457
Selling, general and administrative	705	719	618
Restructuring charges	181
Income from operations	(882)	(926)	(754)
Depreciation and amortization	217	202	249
Capital expenditures	1,696	730	686
Accounts receivable	183	121	111
Inventories	170	127	219
Goodwill	$ 199	$ 240	$ 240

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

12 Months Ended

Oct. 26, 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 at October 30, 2022	$	(75)	$	(52)	$	(88)	$	13	(202)


Other comprehensive income (loss) before reclassifications	16		(44)		17		—		(11)
Amounts reclassified out of AOCI	9		(22)		9		—		(4)
Other comprehensive income (loss), net of tax	25		(66)		26		—		(15)
Balance at October 29, 2023	$	(50)	$	(118)	$	(62)	$	13	$	(217)


Other comprehensive income (loss) before reclassifications	34		28		—		—		62
Amounts reclassified out of AOCI	9		3		(25)		—		(13)
Other comprehensive income, net of tax	43		31		(25)		—		49
Balance at October 27, 2024	$	(7)	$	(87)	$	(87)	$	13	$	(168)


Other comprehensive income (loss) before reclassifications	17		58		—		—		75
Amounts reclassified out of AOCI	1		(5)		(13)		—		(17)
Other comprehensive income (loss), net of tax	18		53		(13)		—		58
Balance at October 26, 2025	$	11	$	(34)	$	(100)	$	13	$	(110)

Schedule of Stock Repurchases

The following table summarizes our stock repurchases, including and excluding excise tax, for each fiscal year:


	2025		2024		2023

	(In millions, except per share amounts)
Shares of common stock repurchased	30		20		18
Cost of stock repurchased (including excise tax)*	$	4,893	$	3,851	$	2,202
Average price paid per share (including excise tax)*	$	162.85	$	190.27	$	123.63
Cost of stock repurchased (excluding excise tax)	$	4,853	$	3,823	$	2,189
Average price paid per share (excluding excise tax)	$	161.54	$	188.87	$	122.89

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

The effect of share-based compensation on the results of operations and the related tax benefits for each fiscal year were as follows:


	2025		2024		2023

	(In millions)
Cost of products sold	$	158	$	134	$	180
Research, development, and engineering	259		219		179
Marketing and selling	85		72		55
General and administrative	166		152		76
Restructuring charges*	(8)		—		—
Total share-based compensation	$	660	$	577	$	490

Income tax benefits recognized	$	80	$	73	$	63

(*) Amount related to modification of share-based awards associated with the Fiscal 2025 Restructuring Plan.

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The following tables summarize the assumptions used for the valuation of share-based awards for the periods presented:


	2025	2024	2023
Service-Based Awards and the portion of Performance-Based Awards subject to performance goals:
Grant date market value	$138.24 - $223.91	$148.39 - $241.26	$104.22 - $143.97
Risk-free interest rate	3.56% - 4.52%	3.48% - 5.37%	3.64% - 5.48%
Dividend yield	1.18% - 3.48%	0.72% - 2.62%	0.70% - 3.59%
Fair value	$134.61 - $220.09	$144.79 - $237.94	$102.09 - $141.33


	2025	2024	2023
Portion of Performance-Based Awards subject to market goals:
Grant date market value	$169.08	$148.39 - $173.89	$109.37
Risk-free interest rate	4.10%	4.24% - 4.30%	4.10%
Dividend yield	0.95%	0.74% - 0.86%	0.95%
Expected volatility	42.65%	40.99% - 43.35%	52.38%
Fair value	$183.40	$195.32 - $249.37	$162.72

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


	Shares	Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value

	(In millions, except per share amounts)
Non-vested restricted stock units, restricted stock, performance share units and performance units at October 27, 2024	10	$	129.31
Granted	5	$	165.66
Vested	(5)	$	126.15
Canceled	(1)	$	139.50
Non-vested restricted stock units, restricted stock, performance share units and performance units at October 26, 2025	9	$	148.43	2.3 years	$	2,086
Non-vested restricted stock units, restricted stock, performance share units and performance units expected to vest	9	$	148.23	2.2 years	$	2,029


	2025		2024		2023
	(In millions, except per share amounts)
Weighted average grant date fair value per share of awards granted	$	165.66	$	149.20	$	104.00
Total fair value of vested awards	$	647	$	527	$	367

Schedule of Employee Stock Purchase Plan

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


	2025		2024		2023
ESPP:
Dividend yield	1.19	%	0.82	%	0.98	%
Expected volatility	42.0	%	40.1	%	39.4	%
Risk-free interest rate	4.13	%	5.03	%	5.29	%
Expected life (in years)	0.5		0.5		0.5
Weighted average estimated fair value	$42.04		$52.31		$35.31

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment losses on equity investments	$ 0	$ 0	$ 121
Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, principal amount	6,500	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	$ 6,200	$ 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

Income Taxes (Tables)

12 Months Ended

Oct. 26, 2025

Income Tax Disclosure [Abstract]

Components of income from operations before income taxes

The components of income before income taxes for each fiscal year were as follows:


	2025		2024		2023

	(In millions)
U.S.	$	56	$	833	$	1,234
Foreign	9,215		7,319		6,482
Total	$	9,271	$	8,152	$	7,716

Components of the provision for income taxes

The components of the provision for income taxes for each fiscal year were as follows:


	2025		2024		2023

	(In millions)
Current:
U.S.	$	675	$	1,254	$	708
Foreign	411		366		456
State	34		33		54
	1,120		1,653		1,218
Deferred:
U.S.	382		(697)		(255)
Foreign	788		30		(61)
State	(17)		(11)		(42)
	1,153		(678)		(358)
Total	$	2,273	$	975	$	860

Effective income tax rate reconciliation

A reconciliation between the statutory U.S. federal income tax rate and our actual effective income tax rate for each fiscal year is presented below:


	2025		2024		2023
Tax provision at U.S. statutory rate	21.0	%	21.0	%	21.0	%

Effect of foreign operations taxed at various rates	(7.3)		(7.6)		(8.2)
Changes in prior years’ unrecognized tax benefits	—		—		(0.2)
Resolutions of prior years’ income tax filings	0.2		(0.1)		(0.1)
Research and other tax credits	(1.3)		(1.4)		(1.6)




Remeasurement of deferred tax assets in Singapore	7.1		—		—
Valuation allowance on corporate alternative minimum tax credits	4.4		—		—
Other	0.4		0.1		0.2
Total	24.5	%	12.0	%	11.1	%

Components of deferred income tax assets and liabilities

The components of deferred income tax assets and liabilities were as follows:


	October 26, 2025		October 27, 2024

	(In millions)
Deferred tax assets:
Corporate Alternative Minimum Tax	$	407	$	410
Capitalized R&D expenses	295		217
Allowance for doubtful accounts	3		4
Inventory reserves and basis difference	145		127
Installation and warranty reserves	42		70
Intangible assets	225		977
Accrued liabilities	29		24

Deferred revenue	61		72

Tax credits	677		592
Deferred compensation	265		261
Share-based compensation	34		44
Property, plant and equipment	192		101
Lease liability	104		72
Other	50		79
Gross deferred tax assets	2,529		3,050
Valuation allowance	(1,049)		(569)
Total deferred tax assets	1,480		2,481
Deferred tax liabilities:

Right of use assets	(105)		(76)

Undistributed foreign earnings	(26)		(23)

Investments	(133)		—

Total deferred tax liabilities	(264)		(99)
Net deferred tax assets	$	1,216	$	2,382

Summary of valuation allowance

Changes in the valuation allowance in each fiscal year were as follows:


	2025		2024		2023

	(In millions)
Beginning balance	$	569	$	530	$	460
Increases	480		39		70

Ending balance	$	1,049	$	569	$	530

Reconciliation of gross unrecognized tax benefits

A reconciliation of the beginning and ending balances of gross unrecognized tax benefits in each fiscal year is as follows:


	2025		2024		2023

	(In millions)
Beginning balance of gross unrecognized tax benefits	$	544	$	510	$	498


Lapses of statutes of limitation	(82)		—		—
Increases in tax positions for current year	26		25		28
Increases in tax positions for prior years	—		13		—
Decreases in tax positions for prior years	(1)		(4)		(16)
Ending balance of gross unrecognized tax benefits	$	487	$	544	$	510

Cash, Cash Equivalents and Investments - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Cash and Cash Equivalents [Abstract]
Interest income	$ 406	$ 486	$ 262

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Oct. 26, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Risk Management and Strategy We have implemented processes for assessing, identifying and managing material risks from cybersecurity threats as part of our cybersecurity risk management program. This program includes processes for continuous cybersecurity risk and advanced persistent cybersecurity threat monitoring; cybersecurity attack, vulnerability and cloud security management; and penetration testing. Our cybersecurity risk management program includes a cybersecurity incident response plan and escalation protocols; cybersecurity and data protection policies and training to our employees; a supply chain cybersecurity program to increase awareness, assess supplier security controls, help improve supplier security controls and manage security incidents; a program to protect company, customer and supplier intellectual property by operationalizing strategy, policy and awareness; a privacy and data protection program to keep pace with rapidly evolving global data laws and regulations as well as emerging technologies; engagement of third-party auditors to help assure the effectiveness of internal controls, including cybersecurity controls; and partnership with industry groups, government agencies and third-party experts in an effort to continuously improve our cybersecurity risk management program. We conduct assessments based on the National Institute of Standards and Technology Cybersecurity (NIST) Framework to evaluate our program, and we engage third-parties for assistance and to independently assess, proactively monitor and provide an external view of our cybersecurity program. We conduct risk assessments and tabletop exercises to evaluate the effectiveness of our systems and processes in addressing cybersecurity threats, including threats associated with our use of third-party service providers, and to identify areas for improvements. Our cybersecurity risk management program is integrated with our enterprise risk management (ERM) program, and information about cybersecurity risks and our cybersecurity risk management program is reviewed as part of our ERM program, sharing common risk governance and reporting processes that apply across our ERM program. While we are not aware of having directly experienced a cybersecurity incident that has materially impacted our business, financial condition or results of operations, we face risks from cybersecurity threats that, if realized, could reasonably likely materially affect us, our business strategy, results of operations, or financial condition. See “Risk Factors - Operational and Financial Risks – We are exposed to cybersecurity threats and incidents” for additional information about cybersecurity related risks.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Our cybersecurity risk management program is integrated with our enterprise risk management (ERM) program, and information about cybersecurity risks and our cybersecurity risk management program is reviewed as part of our ERM program, sharing common risk governance and reporting processes that apply across our ERM program.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our Board of Directors is responsible for overseeing the assessment of major risks facing us, and its Audit Committee oversees our ERM program, including oversight of cybersecurity risks and of our cybersecurity risk management program. The Audit Committee receives quarterly reports from management on our cybersecurity risks and cybersecurity risk management program, and our management regularly updates the Chair of the Audit Committee regarding cybersecurity incidents where appropriate in accordance with our cybersecurity incident response plan and escalation protocols. The Audit Committee reports to the full Board regarding its activities, including those related to cybersecurity, and management reports to the full Board on our cybersecurity risks and cybersecurity risk management program at least annually.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board of Directors is responsible for overseeing the assessment of major risks facing us, and its Audit Committee oversees our ERM program, including oversight of cybersecurity risks and of our cybersecurity risk management program.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee receives quarterly reports from management on our cybersecurity risks and cybersecurity risk management program, and our management regularly updates the Chair of the Audit Committee regarding cybersecurity incidents where appropriate in accordance with our cybersecurity incident response plan and escalation protocols. The Audit Committee reports to the full Board regarding its activities, including those related to cybersecurity, and management reports to the full Board on our cybersecurity risks and cybersecurity risk management program at least annually.
Cybersecurity Risk Role of Management [Text Block]	Our management has day-to-day responsibility for assessing and managing material risks from cybersecurity threats, including implementing risk mitigation plans, processes and controls, and managing our cybersecurity risk management program. Our Chief Information Security Officer (CISO), who has extensive experience in cybersecurity and information security management, is primarily responsible for managing our cybersecurity risk management program, cybersecurity incident response plan and escalation protocols, and reports at least quarterly to the Audit Committee and at least annually to the full Board on our cybersecurity, data and intellectual property security programs, policies, risks and controls. The CISO reports to our Chief Information Officer, who is responsible for administering secure and scalable security infrastructure and reports to our Chief Digital Officer, each of whom has extensive experience in information technology. Our management team’s efforts to prevent, detect, mitigate and remediate cybersecurity risks and incidents are informed by reviews with our information technology security teams, receipt of threat intelligence and other information obtained from governmental, public or private sources, including external consultants engaged by us, periodic assessments against the NIST Framework and through alerts and reports produced by security tools deployed in our information technology environment.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our Chief Information Security Officer (CISO), who has extensive experience in cybersecurity and information security management, is primarily responsible for managing our cybersecurity risk management program, cybersecurity incident response plan and escalation protocols, and reports at least quarterly to the Audit Committee and at least annually to the full Board on our cybersecurity, data and intellectual property security programs, policies, risks and controls.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our Chief Information Security Officer (CISO), who has extensive experience in cybersecurity and information security management, is primarily responsible for managing our cybersecurity risk management program, cybersecurity incident response plan and escalation protocols, and reports at least quarterly to the Audit Committee and at least annually to the full Board on our cybersecurity, data and intellectual property security programs, policies, risks and controls. The CISO reports to our Chief Information Officer, who is responsible for administering secure and scalable security infrastructure and reports to our Chief Digital Officer, each of whom has extensive experience in information technology.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our management has day-to-day responsibility for assessing and managing material risks from cybersecurity threats, including implementing risk mitigation plans, processes and controls, and managing our cybersecurity risk management program. Our Chief Information Security Officer (CISO), who has extensive experience in cybersecurity and information security management, is primarily responsible for managing our cybersecurity risk management program, cybersecurity incident response plan and escalation protocols, and reports at least quarterly to the Audit Committee and at least annually to the full Board on our cybersecurity, data and intellectual property security programs, policies, risks and controls. The CISO reports to our Chief Information Officer, who is responsible for administering secure and scalable security infrastructure and reports to our Chief Digital Officer, each of whom has extensive experience in information technology.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 6,998	$ 7,177	$ 6,856
Other comprehensive income (loss), net of tax:
Change in unrealized gain (loss) on available-for-sale investments	18	43	25
Change in unrealized net loss on derivative instruments	53	31	(66)
Change in defined and postretirement benefit plans	(13)	(25)	26
Other comprehensive income (loss), net of tax	58	49	(15)
Comprehensive income	$ 7,056	$ 7,226	$ 6,841

- 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

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+ Details

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Share-Based Compensation (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 660	$ 577	$ 490
Income tax benefits recognized	80	73	63
Cost of products sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	158	134	180
Research, development, and engineering
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	259	219	179
Marketing and selling
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	85	72	55
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	166	152	76
Restructuring charges
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ (8)	$ 0	$ 0

Balance Sheet Detail - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Balance Sheet Detail [Abstract]
Depreciation	$ 389	$ 346	$ 471
Government assistance, asset, decrease	$ 1,200
Government Assistance, Asset, Decrease, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net
Government assistance, operating expense, decrease	$ 31
Government Assistance, Operating Expense, Decrease (Increase), Statement of Income or Comprehensive Income [Extensible Enumeration]	Research, development and engineering
Government assistance, liability, decrease	$ 781
Government Assistance, Liability, Decrease, Statement of Financial Position [Extensible Enumeration]	Deferred Income Taxes and Other Assets, Noncurrent, Other current assets
Government assistance, liability, decrease, current	$ 233
Government Assistance, Liability, Decrease, Current, Statement of Financial Position [Extensible Enumeration]	Other current assets
Government assistance, liability, decrease, noncurrent	$ 548
Government Assistance, Liability, Decrease, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Deferred Income Taxes and Other Assets, Noncurrent

Borrowing Facilities and Debt (Tables)

12 Months Ended

Oct. 26, 2025

Debt Disclosure [Abstract]

Schedule of Debt Outstanding

Debt outstanding as of October 26, 2025 and October 27, 2024 was as follows:


	Principal Amount
	October 26, 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	3.944%	April 1, October 1
Total current portion of long-term debt	$	—	$	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
4.000% Senior Notes Due 2031	550		—		4.070%	January 15, July 15
5.100% Senior Notes Due 2035	500		500		5.127%	April 1, October 1
4.600% Senior Notes Due 2036	450		—		4.632%	January 15, July 15
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
	6,500		5,500
Total unamortized discount	(12)		(10)
Total unamortized debt issuance costs	(33)		(30)
Total long-term debt	$	6,455	$	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

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-Paragraph 1
-Subparagraph (SX 210.5-02(22))
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-Name Accounting Standards Codification
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+ Details

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	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value per share of awards granted (in shares)	$ 165.66	$ 149.20	$ 104.00
Total fair value of vested awards	$ 647	$ 527	$ 367

- 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

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Restricted Stock Units, Restricted Stock, Performance Shares Units and Performance Units (Details) - Restricted Stock Units, Restricted Stock, Performance Shares Units and Performance Units - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Shares
Beginning balance (shares)	10
Granted (shares)	5
Vested (shares)	(5)
Canceled (shares)	(1)
Ending balance (shares)	9	10
Non-vested restricted stock units, restricted stock, performance shares units and performance units expected to vest (shares)	9
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 129.31
Granted (in dollars per share)	165.66	$ 149.20	$ 104.00
Vested (in dollars per share)	126.15
Canceled (in dollars per share)	139.50
Ending balance (in dollars per share)	148.43	$ 129.31
Non-vested restricted stock units, restricted stock, performance shares units and performance units expected to vest (in dollars per share)	$ 148.23
Weighted Average Remaining Contractual Term
Weighted average remaining contractual term	2 years 3 months 18 days
Expected to vest, weighted average remaining contractual term	2 years 2 months 12 days
Aggregate Intrinsic Value
Aggregate intrinsic value	$ 2,086
Expected to vest, aggregate intrinsic value	$ 2,029

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Oct. 26, 2025
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Employee Bonus Plans We have various employee bonus plans. A discretionary bonus plan provides for the distribution of a percentage of pre-tax income to our employees who are not participants in other performance-based incentive plans, up to a maximum percentage of eligible compensation. Other plans provide for bonuses to our executives and other key contributors based on the achievement of profitability and/or other specified performance criteria. Charges under these plans for fiscal 2025, 2024 and 2023 were $785 million, $837 million and $702 million, respectively. Defined Benefit Pension Plans of Foreign Subsidiaries and Other Postretirement Benefits Several of our foreign subsidiaries have defined benefit pension plans covering substantially all of their eligible employees. Benefits under these plans are typically based on years of service and final average compensation levels. The plans are managed in accordance with applicable local statutes and practices. We deposit funds for certain of these plans with insurance companies, pension trustees, government-managed accounts, and/or accrue the expense for the unfunded portion of the benefit obligation on our Consolidated Financial Statements. Our practice is to fund the various pension plans in amounts sufficient to meet the minimum requirements as established by applicable local governmental oversight and taxing authorities. Depending on the design of the plan, local custom and market circumstances, the liabilities of a plan may exceed the qualified plan assets. The differences between the aggregate projected benefit obligations and aggregate plan assets of these plans have been recorded as liabilities by us and are included in other liabilities and accrued expenses in the Consolidated Balance Sheets. The net funded status and periodic benefit cost were not material for fiscal 2025, 2024 and 2023. Our investment strategy for our defined benefit plans is to invest plan assets in a prudent manner, maintaining well-diversified portfolios with the long-term objective of meeting the obligations of the plans as they come due. Asset allocation decisions are typically made by plan fiduciaries with input from our international pension committee. Our asset allocation strategy incorporates a sufficient equity exposure in order for the plans to benefit from the expected better long-term performance of equities relative to the plans’ liabilities. We retain investment managers, where appropriate, to manage the assets of the plans. Performance of investment managers is monitored by plan fiduciaries with the assistance of local investment consultants. The investment managers make investment decisions within the guidelines set forth by plan fiduciaries. Risk management practices include diversification across asset classes and investment styles and periodic rebalancing toward target asset allocation ranges. Investment managers may use derivative instruments for efficient portfolio management purposes. Asset return assumptions are derived based on actuarial and statistical methodologies, from analysis of long-term historical data relevant to the country in which each plan is in effect and the investments applicable to the corresponding plan. The discount rate for each plan was derived by reference to appropriate benchmark yields on high quality corporate bonds, allowing for the approximate duration of both plan obligations and the relevant benchmark yields. Executive Deferred Compensation Plans We sponsor two unfunded deferred compensation plans, the Executive Deferred Compensation Plan (Predecessor EDCP) and the 2016 Deferred Compensation Plan (2016 DCP) (formerly known as the 2005 Executive Deferred Compensation Plan), under which certain employees may elect to defer a portion of their following year’s eligible earnings. The Predecessor EDCP was frozen as of December 31, 2004 such that no new deferrals could be made under the plan after that date and the plan would qualify for “grandfather” relief under Section 409A of the Code. The Predecessor EDCP participant accounts continue to be maintained under the plan and credited with deemed interest. The 2016 DCP was originally implemented by us effective as of January 1, 2005, and amended and restated as of October 12, 2015, and is intended to comply with the requirements of Section 409A of the Code. In addition, we also sponsor a non-qualified deferred compensation plan as a result of a previous acquisition. Amounts payable for all plans, including accrued deemed interest, totaled $436 million and $357 million at October 26, 2025 and October 27, 2024, respectively, which were included in other liabilities in the Consolidated Balance Sheets.

Income Taxes

12 Months Ended

Oct. 26, 2025

Income Tax Disclosure [Abstract]

Income Taxes

The components of income before income taxes for each fiscal year were as follows:


	2025		2024		2023

	(In millions)
U.S.	$	56	$	833	$	1,234
Foreign	9,215		7,319		6,482
Total	$	9,271	$	8,152	$	7,716

The components of the provision for income taxes for each fiscal year were as follows:


	2025		2024		2023

	(In millions)
Current:
U.S.	$	675	$	1,254	$	708
Foreign	411		366		456
State	34		33		54
	1,120		1,653		1,218
Deferred:
U.S.	382		(697)		(255)
Foreign	788		30		(61)
State	(17)		(11)		(42)
	1,153		(678)		(358)
Total	$	2,273	$	975	$	860

A reconciliation between the statutory U.S. federal income tax rate and our actual effective income tax rate for each fiscal year is presented below:


	2025		2024		2023
Tax provision at U.S. statutory rate	21.0	%	21.0	%	21.0	%

Effect of foreign operations taxed at various rates	(7.3)		(7.6)		(8.2)
Changes in prior years’ unrecognized tax benefits	—		—		(0.2)
Resolutions of prior years’ income tax filings	0.2		(0.1)		(0.1)
Research and other tax credits	(1.3)		(1.4)		(1.6)




Remeasurement of deferred tax assets in Singapore	7.1		—		—
Valuation allowance on corporate alternative minimum tax credits	4.4		—		—
Other	0.4		0.1		0.2
Total	24.5	%	12.0	%	11.1	%

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 rate for fiscal 2025 was higher than the prior fiscal year primarily due to a $659 million remeasurement of deferred tax assets resulting from new tax incentive agreements in Singapore and the recognition of a $407 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. 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 rate for fiscal 2024 was higher than fiscal 2023 primarily due to lower tax credits in fiscal 2024, partially offset by higher proportion of pre-tax income in lower tax jurisdictions in fiscal 2024.

In the reconciliation between the statutory U.S. federal income tax rate and the effective income tax rate, the effect of foreign operations taxed at various rates represents the difference between an income tax provision at the U.S. federal statutory income tax rate and the recorded income tax provision, with the difference expressed as a percentage of worldwide income before income taxes. This effect is substantially related to the tax effect of pre-tax income in jurisdictions with lower statutory tax rates. The foreign operations with the most significant effective tax rate impact are in Singapore. The statutory tax rate for fiscal 2025 for Singapore is 17%. We have been granted conditional reduced tax rates that expire beginning in fiscal 2030, excluding potential renewal and subject to certain conditions with which we expect to comply. The tax benefits arising from these tax rates were $490 million or $0.61 per diluted share, $393 million or $0.47 per diluted share and $369 million or $0.44 per diluted share for fiscal 2025, 2024 and 2023, respectively.

Deferred tax assets and liabilities are recognized for the estimated future tax effects of temporary differences between the book and tax bases of assets and liabilities. Deferred tax assets are also recognized for net operating loss and tax credit carryovers. Deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized. The components of deferred income tax assets and liabilities were as follows:


	October 26, 2025		October 27, 2024

	(In millions)
Deferred tax assets:
Corporate Alternative Minimum Tax	$	407	$	410
Capitalized R&D expenses	295		217
Allowance for doubtful accounts	3		4
Inventory reserves and basis difference	145		127
Installation and warranty reserves	42		70
Intangible assets	225		977
Accrued liabilities	29		24

Deferred revenue	61		72

Tax credits	677		592
Deferred compensation	265		261
Share-based compensation	34		44
Property, plant and equipment	192		101
Lease liability	104		72
Other	50		79
Gross deferred tax assets	2,529		3,050
Valuation allowance	(1,049)		(569)
Total deferred tax assets	1,480		2,481
Deferred tax liabilities:

Right of use assets	(105)		(76)

Undistributed foreign earnings	(26)		(23)

Investments	(133)		—

Total deferred tax liabilities	(264)		(99)
Net deferred tax assets	$	1,216	$	2,382

A valuation allowance is recorded to reflect the estimated amount of net deferred tax assets that may not be realized. Changes in the valuation allowance in each fiscal year were as follows:


	2025		2024		2023

	(In millions)
Beginning balance	$	569	$	530	$	460
Increases	480		39		70

Ending balance	$	1,049	$	569	$	530

At October 26, 2025, we have corporate alternative minimum tax credit carryforwards of $407 million that are carried over until exhausted. We also have state research and development tax credit carryforwards of $677 million, including $624 million of credits that are carried over until exhausted and $42 million that are carried over for 15 years and begin to expire in fiscal 2034. It is more likely than not that all tax credit carryforwards, net of valuation allowance, will be utilized.

We maintain liabilities for uncertain tax positions. These liabilities involve considerable judgment and estimation and are continuously monitored based on the best information available. Gross unrecognized tax benefits are classified as non-current income taxes payable or as a reduction in deferred tax assets. A reconciliation of the beginning and ending balances of gross unrecognized tax benefits in each fiscal year is as follows:


	2025		2024		2023

	(In millions)
Beginning balance of gross unrecognized tax benefits	$	544	$	510	$	498


Lapses of statutes of limitation	(82)		—		—
Increases in tax positions for current year	26		25		28
Increases in tax positions for prior years	—		13		—
Decreases in tax positions for prior years	(1)		(4)		(16)
Ending balance of gross unrecognized tax benefits	$	487	$	544	$	510

Tax benefit for interest and penalties on unrecognized tax benefits for fiscal 2025 was $63 million and tax expense for interest and penalties on unrecognized tax benefits for fiscal 2024 and 2023 was $45 million and $34 million, respectively. The income tax liability for interest and penalties for fiscal 2025, 2024 and 2023 was $118 million, $181 million and $136 million, respectively, and was classified as non-current income taxes payable.

Included in the balance of unrecognized tax benefits for fiscal 2025, 2024 and 2023 are $347 million, $397 million, and $386 million, respectively, of tax benefits that, if recognized, would affect the effective tax rate.

Our tax returns remain subject to examination by taxing authorities. These include U.S. returns for fiscal 2015 and later years, and foreign tax returns for fiscal 2011 and later years.

The timing of the resolution of income tax examinations, as well as the amounts and timing of various tax payments that may be part of the settlement process, is highly uncertain. This could cause fluctuations in our financial condition and results of operations. We continue to have ongoing negotiations with various taxing authorities throughout the year, and evaluate all domestic and foreign tax audit issues in the aggregate, along with the expiration of applicable statutes of limitations.

We believe it is reasonably possible that the amount of gross unrecognized tax benefits related primarily to foreign operations could be reduced by approximately $200 million in the next 12 months as a result of the resolution of tax matters or the lapse of statute of limitations.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

Contract Balances and Performance Obligations

12 Months Ended

Oct. 26, 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 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:


	October 26, 2025		October 27, 2024
	(In millions)

Contract assets	$	281	$	269
Contract liabilities	$	2,566	$	2,849

The increase in contract assets during fiscal 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 fiscal 2025, we recognized revenue of approximately $2.4 billion related to contract liabilities at October 27, 2024. Contract liabilities decreased during fiscal 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 October 26, 2025.

There were no credit losses recognized on our accounts receivables and contract assets during fiscal 2025 and 2024.

Performance Obligations

As of October 26, 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 $1.7 billion, of which approximately 53% 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

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+ Details

Balance Sheet Detail - Inventories (Details) - USD ($) $ in Millions	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Inventories
Customer service spares	$ 1,786	$ 1,742
Raw materials	2,007	1,680
Work-in-process	914	879
Finished goods
Deferred cost of sales	229	217
Evaluation inventory	474	459
Manufactured on-hand inventory	505	444
Total finished goods	1,208	1,120
Total inventories	$ 5,915	$ 5,421	$ 5,725

Cash, Cash Equivalents and Investments - Gain (Loss) on Equity Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Publicly traded equity securities
Unrealized gain	$ 887	$ 332	$ 193
Unrealized loss	(139)	(287)	(44)
Realized gain on sales and dividends	91	5	9
Realized loss on sales or impairment	0	(1)	(4)
Equity investments in privately held companies
Unrealized gain	20	3	15
Unrealized loss	(13)	(17)	(30)
Realized gain on sales and dividends	10	4	9
Realized loss on sales or impairment	(35)	(19)	(121)
Total gain (loss) on equity investments, net	$ 821	$ 20	$ 27

Industry Segment Operations - Schedule of Revenue Semiconductor Systems by Market (Details) - Semiconductor Systems - Net sales - Product Concentration Risk	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Segment Reporting Information [Line Items]
Percentage of net revenue	100.00%	100.00%	100.00%
Foundry, logic and other
Segment Reporting Information [Line Items]
Percentage of net revenue	67.00%	68.00%	77.00%
Dynamic random-access memory (DRAM)
Segment Reporting Information [Line Items]
Percentage of net revenue	26.00%	28.00%	17.00%
Flash memory (NAND)
Segment Reporting Information [Line Items]
Percentage of net revenue	7.00%	4.00%	6.00%

- Definition

+ References + Details

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Oct. 26, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Changes in Components of AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 19,001	$ 16,349	$ 12,194
Other comprehensive income (loss) before reclassifications	75	62	(11)
Amounts reclassified out of AOCI	(17)	(13)	(4)
Other comprehensive income (loss), net of tax	58	49	(15)
Ending Balance	20,415	19,001	16,349
AOCI Attributable to Parent
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(168)	(217)	(202)
Other comprehensive income (loss), net of tax	58	49	(15)
Ending Balance	(110)	(168)	(217)
Unrealized Gain (Loss) on Investments, Net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(7)	(50)	(75)
Other comprehensive income (loss) before reclassifications	17	34	16
Amounts reclassified out of AOCI	1	9	9
Other comprehensive income (loss), net of tax	18	43	25
Ending Balance	11	(7)	(50)
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)	(52)
Other comprehensive income (loss) before reclassifications	58	28	(44)
Amounts reclassified out of AOCI	(5)	3	(22)
Other comprehensive income (loss), net of tax	53	31	(66)
Ending Balance	(34)	(87)	(118)
Defined and Postretirement Benefit Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(87)	(62)	(88)
Other comprehensive income (loss) before reclassifications	0	0	17
Amounts reclassified out of AOCI	(13)	(25)	9
Other comprehensive income (loss), net of tax	(13)	(25)	26
Ending Balance	(100)	(87)	(62)
Cumulative Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	13	13	13
Other comprehensive income (loss) before reclassifications	0	0	0
Amounts reclassified out of AOCI	0	0	0
Other comprehensive income (loss), net of tax	0	0	0
Ending Balance	$ 13	$ 13	$ 13

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Numerator:
Net income	$ 6,998	$ 7,177	$ 6,856
Denominator:
Weighted average common shares outstanding (in shares)	804	827	840
Effect of weighted dilutive restricted stock units and employees’ stock purchase plan shares (in shares)	4	7	5
Denominator for diluted earnings per share (in shares)	808	834	845
Basic earnings per share (in dollars per share)	$ 8.71	$ 8.68	$ 8.16
Diluted earnings per share (in dollars per share)	$ 8.66	$ 8.61	$ 8.11
Potentially weighted dilutive securities (in shares)	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.

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+ 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.

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+ Details

- Definition

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

+ References

+ Details

Consolidated 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. 30, 2022		844
Beginning Balance at Oct. 30, 2022	$ 12,194	$ 8	$ 8,593	$ 37,892	$ (34,097)	$ (202)
Treasury stock, beginning balance (in shares) at Oct. 30, 2022					1,173
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,856			6,856
Other comprehensive income (loss), net of tax	(15)					(15)
Dividends declared	(1,022)			(1,022)
Share-based compensation	490		490
Net issuance under stock plans (in shares)		7
Net issuance under stock plans	$ 48		48
Common stock repurchases, (in shares)	(18)	(18)			(18)
Common stock repurchases	$ (2,202)				$ (2,202)
Ending Balance (in shares) at Oct. 29, 2023		833
Ending Balance at Oct. 29, 2023	16,349	$ 8	9,131	43,726	$ (36,299)	(217)
Treasury stock, ending balance (in shares) at Oct. 29, 2023					1,191
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,177			7,177
Other comprehensive income (loss), net of tax	49					49
Dividends declared	(1,252)			(1,252)
Share-based compensation	577		577
Net issuance under stock plans (in shares)		5
Net issuance under stock plans	$ (48)		(48)
Common stock repurchases, (in shares)	(20)	(20)			(20)
Common stock repurchases	$ (3,851)				$ (3,851)
Ending Balance (in shares) at Oct. 27, 2024	818	818
Ending Balance at Oct. 27, 2024	$ 19,001	$ 8	9,660	49,651	$ (40,150)	(168)
Treasury stock, ending balance (in shares) at Oct. 27, 2024	1,211				1,211
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 6,998			6,998
Other comprehensive income (loss), net of tax	58					58
Dividends declared	(1,422)			(1,422)
Share-based compensation	660		660
Net issuance under stock plans (in shares)		5
Net issuance under stock plans	$ 13		13
Common stock repurchases, (in shares)	(30)	(30)			(30)
Common stock repurchases	$ (4,893)				$ (4,893)
Ending Balance (in shares) at Oct. 26, 2025	793	793
Ending Balance at Oct. 26, 2025	$ 20,415	$ 8	$ 10,333	$ 55,227	$ (45,043)	$ (110)
Treasury stock, ending balance (in shares) at Oct. 26, 2025	1,241				1,241

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Stock Repurchase Program (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Oct. 26, 2025	Oct. 27, 2024	Oct. 29, 2023
Equity [Abstract]
Shares of common stock repurchased (in shares)	30	20	18
Cost of stock repurchased (including excise tax)	$ 4,893	$ 3,851	$ 2,202
Average price paid per share (including excise tax) (in dollars per share)	$ 162.85	$ 190.27	$ 123.63
Cost of stock repurchased (excluding excise tax)	$ 4,853	$ 3,823	$ 2,189
Average price paid per share (excluding excise tax) (in dollars per share)	$ 161.54	$ 188.87	$ 122.89

Industry Segment Operations

12 Months Ended

Oct. 26, 2025

Segment Reporting [Abstract]

Industry Segment Operations

Our two reportable segments are: Semiconductor Systems and Applied Global Services (AGS). The Display operating segment financial results were included in the Corporate and Other category balances below, as management no longer considers the Display operating segment a significant operating segment for separate reporting purposes. Segment information is presented based upon our management organization structure as of October 26, 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 segment includes semiconductor capital equipment to enable materials engineering steps including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation.

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

Our President and Chief Executive Officer is our chief operating decision-maker (CODM). 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 orders, net revenue and operating income. Our CODM regularly reviews segment operating income to evaluate the performance of, and to assign resources to, each of the reportable segments. Actual results are compared to budgeted amounts as part of the CODM’s assessment of each segment’s performance and to make decisions about allocating resources to each segment. Our CODM does not evaluate operating segments using total asset information.

The Corporate and Other category includes revenues, costs of products and operating expenses from other operating segments that do not meet the requirements for a reportable segment. Corporate and Other also includes certain corporate function operating expenses that are not allocated to our reportable segments and are managed separately at the corporate level. In addition, we do not allocate to our reportable segments charges associated with restructuring actions, such as employee severance costs and asset impairment charges, unless the restructuring actions pertain to a specific reportable segment. Segment operating income also excludes interest income/expense and other financial charges and income taxes. Our CODM does not consider the unallocated costs in measuring the performance of the reportable segments.

Information for each reportable segment for and as of the end of each fiscal year were as follows:


	Semiconductor Systems			Applied Global Services			Corporate and Other		Total

	(In millions, except percentages)
2025:
Net revenue	$	20,798		$	6,385		$	1,185	$	28,368
Costs of products sold	9,530			4,251			779		14,560
Gross profit	$	11,268		$	2,134		$	406	$	13,808
Gross margin	54.2		%	33.4		%			48.7		%
Operating expenses:
Research, development and engineering	3,042			126			402		3,570
Selling, general and administrative	847			216			705		1,768

Restructuring charges	—			—			181		181

Operating income (loss)	$	7,379		$	1,792		$	(882)	$	8,289
Operating margin	35.5		%	28.1		%			29.2		%

Depreciation and amortization	$	192		$	26		$	217	$	435
Capital expenditures	$	507		$	57		$	1,696	$	2,260
Accounts receivable	$	3,733		$	1,269		$	183	$	5,185
Inventories	$	3,444		$	2,301		$	170	$	5,915
Goodwill	$	2,476		$	1,032		$	199	$	3,707


	Semiconductor Systems			Applied Global Services			Corporate and Other		Total

	(In millions, except percentages)
2024
Net revenue	$	19,911		$	6,225		$	1,040	$	27,176
Costs of products sold	9,379			4,088			812		14,279
Gross profit	$	10,532		$	2,137		$	228	$	12,897
Gross margin	52.9		%	34.3		%			47.5		%
Operating expenses:
Research, development and engineering	2,684			114			435		3,233
Selling, general and administrative	867			211			719		1,797

Operating income (loss)	$	6,981		$	1,812		$	(926)	$	7,867
Operating margin	35.1		%	29.1		%			28.9		%

Depreciation and amortization	$	168		$	22		$	202	$	392
Capital expenditures	$	425		$	35		$	730	$	1,190
Accounts receivable	$	3,816		$	1,297		$	121	$	5,234
Inventories	$	2,988		$	2,306		$	127	$	5,421
Goodwill	$	2,460		$	1,032		$	240	$	3,732


	Semiconductor Systems			Applied Global Services			Corporate and Other		Total

	(In millions, except percentages)
2023
Net revenue	$	19,698		$	5,732		$	1,087	$	26,517
Costs of products sold	9,456			3,911			766		14,133
Gross profit	$	10,242		$	1,821		$	321	$	12,384
Gross margin	52.0		%	31.8		%			46.7		%
Operating expenses:
Research, development and engineering	2,544			101			457		3,102
Selling, general and administrative	819			191			618		1,628

Operating income (loss)	$	6,879		$	1,529		$	(754)	$	7,654
Operating margin	34.9		%	26.7		%			28.9		%

Depreciation and amortization	$	235		$	31		$	249	$	515
Capital expenditures	$	381		$	39		$	686	$	1,106
Accounts receivable	$	3,943		$	1,111		$	111	$	5,165
Inventories	$	3,433		$	2,073		$	219	$	5,725
Goodwill	$	2,460		$	1,032		$	240	$	3,732

Semiconductor Systems revenue is 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.

During fiscal 2025, goodwill decreased primarily due to impairment charges recognized during the fourth quarter of fiscal 2025, partially offset by an increase related to preliminary purchase accounting for an acquisition which was not material to our results of operations or to our balance sheet.

During fiscal 2025, two customers accounted for approximately 19% and 15%, respectively, of our net revenue. During fiscal 2024, two customers accounted for approximately 12% and 11%, respectively, of our net revenue. During fiscal 2023, two customers accounted for approximately 19% and 15%, respectively, of our net revenue.

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


	2025		2024		2023
Foundry, logic and other	67	%	68	%	77	%
Dynamic random-access memory (DRAM)	26	%	28	%	17	%
Flash memory (NAND)	7	%	4	%	6	%

	100	%	100	%	100	%

For geographical reporting, revenue by geographic location is determined by the location of customers’ facilities to which products were shipped and services were performed. Long-lived assets consist primarily of property, plant and equipment and right-of-use assets and are attributed to the geographic location in which they are located. Net revenue and long-lived assets by geographic region for and as of each fiscal year were as follows:


	2025		2024		2023

	(In millions)
Net revenue:
United States	$	3,063	$	3,818	$	4,006
China	8,529		10,117		7,247
Korea	5,608		4,493		4,609
Taiwan	6,857		4,010		5,670
Japan	2,273		2,154		2,075
Europe	962		1,443		2,152
Southeast Asia	1,076		1,141		758
Total outside United States	25,305		23,358		22,511
Consolidated total	$	28,368	$	27,176	$	26,517


	October 26, 2025		October 27, 2024

	(In millions)
Long-lived assets:
United States	$	5,071	$	3,759
China	8		3
Korea	9		9
Taiwan	67		59
Japan	6		7
Europe	155		113
Southeast Asia	21		5
Total outside United States	266		196
Consolidated total	$	5,337	$	3,955

- 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.

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+ Details