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A weapon's magazine stat tells you how many shots it can hold at once, when fully loaded. Swords, lacking a reload mechanic, instead have Ammo Capacity, which indicates how many light attacks' worth of ammo can be stored at once.

Internally, the magazine size/ammo capacity of a given weapon is determined by 1) the weapon's archetype (e.g. High-Impact Pulse Rifle), and 2) the weapon's current Magazine Rating. Changes to a weapon's Magazine Rating, usually due to switching between different Magazines or Batteries, always result in at least a unitary change to magazine size/ammo capacity.

Perks That Affect Magazine Rating

Displayed Attributes AttackImpactRangeStabilityHandlingReload SpeedBlast RadiusVelocityCharge TimeSwing SpeedEfficiencyMagazineRounds Per MinuteDraw TimeAccuracyShield Duration
Hidden Attributes ZoomInventory SizeAim AssistanceRecoil DirectionAirborne Effectiveness
Armor Defense (Armor)MobilityResilienceRecoveryDisciplineIntellectStrength