APPLIED MATERIALS, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS


(In thousands) April 27,
1997
October 27,
1996

ASSETS
Current assets:
  Cash and cash equivalents $ 202,660 $ 403,888
  Short-term investments 872,190 633,744
  Accounts receivable, net 807,181 822,384
  Inventories 507,632 478,552
  Deferred income taxes 278,352 281,586
  Other current assets 83,295 72,915


Total current assets 2,751,310 2,693,069

Property, plant and equipment, net 900,041 919,038
  Other assets 240,510 25,880


Total assets $ 3,891,861 $ 3,637,987



LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Notes payable $ 19,892 $ 77,522
  Current portion of long-term debt 7,659 22,640
  Accounts payable and accrued expenses 875,808 791,897
  Income taxes payable 147,713 43,168


Total current liabilities 1,051,072 935,227

Long-term debt 227,808 275,485
Deferred income taxes and other non-current obligations 107,601 56,850


Total liabilities 1,386,481 1,267,562



Stockholders' equity:
  Common stock 1,815 1,802
  Additional paid-in capital 781,281 763,376
  Retained earnings 1,731,272 1,599,564
  Cumulative translation adjustments (8,988) 5,683


Total stockholders' equity 2,505,380 2,370,425


Total liabilities and stockholders' equity $ 3,891,861 $ 3,637,987

*Amounts as of April 27, 1997 are unaudited. Amounts as of October 27, 1996 were obtained from the October 27, 1996 audited financial statements.



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