As of Q1'26, Applied Materials ( AMAT ) reported Cash & Short-term Investments of USD 8.51B and Debt of USD 6.55B. This marks a slight decrease in cash from the previous quarter, while debt levels remained relatively stable. From Q2'23 to Q1'26, AMAT's cash position showed a general upward trend, peaking at USD 9.47B in Q4'24 before declining and stabilizing around USD 8.5B. Debt levels were steady at approximately USD 5.56B until Q2'24, after which they increased to around USD 6.26B and remained stable, with a minor uptick to USD 6.55B by Q4'25. Overall, the company maintained a strong liquidity position with cash consistently exceeding debt throughout the period.