APPLIED MATERIALS INC /DE
For the period ended Mar 12, 2026. Filed Jan 28, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Mar 12, 2026 · Filed Jan 28, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant
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Filed by a Party other than the Registrant
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Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
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| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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| ☒ | Definitive Proxy Statement |
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| ☐ | Definitive Additional Materials |
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| ☐ | Soliciting Material Pursuant to §240.14a-12 |
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Applied Materials, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| ☒ | No fee required. |
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| ☐ | Fee paid previously with preliminary materials: |
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| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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Dear Fellow Shareholders:
On behalf of the Board of Directors, we are pleased to invite you to attend Applied Materials’ 2026 Annual Meeting of Shareholders, which will be held on Thursday, March 12, 2026, at 11:00 a.m. Pacific Time at our corporate offices at 3333 Scott Boulevard, Building 52, Santa Clara, California 95054.
We encourage you to read this Proxy Statement because it contains important information for voting your shares and sets forth how the Board oversaw your investment over the past year. This year’s Proxy Statement reflects our continued focus on our business strategy, an engaged and future-oriented Board, sound corporate governance and executive compensation practices, our sustainability strategy, and our regular dialogue with and responsiveness to our shareholders.
Financial Performance and Business Strategy
In fiscal 2025, Applied Materials delivered record revenue and earnings per share, marking our sixth consecutive year of growth. During this period, we have grown revenue and earnings per share at annualized rates of approximately 12% and 20%, respectively. Over the past 12 months, we have built new capabilities, strengthened our product portfolio and streamlined our organization to prepare for the opportunities ahead.
Semiconductors provide the foundation for advances in technology that are reshaping the global economy, including artificial intelligence (AI), the internet of things, robotics, electric and autonomous vehicles, and clean energy. We believe large-scale adoption of AI will drive substantial investment in computing infrastructure, including advanced semiconductors and wafer fab equipment in the years ahead. AI computing is not only fueling growth but also reshaping the semiconductor roadmap and changing the way chips are designed and manufactured. Major device architecture inflections are underway in the foundational semiconductor technologies that play a critical role in increasing performance and bringing down the cost of AI. Our core strategy at Applied Materials is inflection-focused innovation. We partner with our customers to see technology inflections early, and we focus our research and development on the most critical and valuable challenges on their roadmaps using high-velocity, co-innovation engagement models. We then create highly differentiated solutions by connecting our broad portfolio of capabilities and technologies. This puts Applied Materials in a great position to benefit from this exciting period of industry innovation and growth.
A Future-Oriented Board and Effective Governance Practices
Our Board serves a crucial role in guiding our long-term strategy in partnership with management. This year’s director nominees possess a wide range of backgrounds, skills and experience, including relevant subject matter expertise, intended to enhance our Board’s ability to help guide Applied Materials amidst major technology inflections – and opportunities – within our industry. Our corporate governance practices are also designed to empower shareholders and strengthen the Board’s and management’s accountability. This Proxy Statement outlines Applied Materials’ governance policies and practices that enable effective Board oversight and shareholder empowerment.
In addition, our Board remains committed to a robust shareholder engagement program. In 2025, we continued to engage with shareholders on our business, the Board’s composition and effectiveness, governance, executive compensation, sustainability and other matters of interest to them. Your feedback continues to directly inform the Board’s decision-making.
On behalf of the Board, we thank you for your continued investment in and support of Applied Materials.
Sincerely,
| Thomas J. Iannotti Chairman of the Board | Gary E. Dickerson President and Chief Executive Officer |
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Notice of 2026 Annual Meeting of Shareholders
| When | Thursday, March 12, 2026 at 11:00 a.m. Pacific Time |
| Where | Applied Materials, Inc., 3333 Scott Boulevard, Building 52, Santa Clara, California 95054 |
| WhoCan Vote | Shareholders of record at the close of business on January 14, 2026 and holders of proxies for those shareholders |
Items of Business
1. To elect ten directors to serve for a one-year term and until their successors have been duly elected and qualified.
2. To approve, on an advisory basis, the compensation of our named executive officers for fiscal year 2025.
3. To ratify the appointment of KPMG LLP as our independent registered public accounting firm for fiscal year 2026.
4. To transact any other business that may properly come before the Annual Meeting or any adjournment or postponement of the Annual Meeting.
Your vote is important to us. You may vote via the Internet or by telephone, or if you requested to receive printed proxy materials, by signing, dating and returning your proxy card. If you are voting via the Internet or by telephone, your vote must be received by 11:59 p.m. Eastern Time on Wednesday, March 11, 2026. For specific voting instructions, please refer to the information provided in the following Proxy Statement, together with your proxy card or the voting instructions you receive bye-mail or that are provided via the Internet.
If you received a Notice of Internet Availability of Proxy Materials on how to access the proxy materials via the Internet, a proxy card was not sent to you, and you may vote only via the Internet, unless you have requested a paper copy of the proxy materials, in which case, you may also vote by telephone or by signing, dating and returning your proxy card. Shares cannot be voted by marking, writing on and returning the Notice of Internet Availability. Any Notices of Internet Availability that are returned will not be counted as votes. Instructions for requesting a paper copy of the proxy materials are set forth on the Notice of Internet Availability.
By Order of the Board of Directors
Teri A. Little
Senior Vice President,
Chief Legal Officer and Corporate Secretary
Santa Clara, California
Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to be held on March 12, 2026: The Proxy Statement and Annual Report to Shareholders are available at www.proxyvote.com.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.