Applied Materials, Inc. (AMAT) Quarterly Income Statement

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Applied Materials, Inc. (AMAT) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

AMAT Income Statement

Applied Materials, Inc. (AMAT) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	9.12B	7.91B	7.01B	6.8B	7.3B	7.1B	7.17B	7.04B	6.78B	6.65B	6.71B	6.72B	6.42B	6.63B	6.74B	6.75B	6.52B	6.25B	6.27B	6.12B
Revenue Growth %	24.83%	11.41%	-2.15%	-3.48%	7.73%	6.83%	6.84%	4.79%	5.49%	0.24%	-0.47%	-0.39%	-1.46%	6.16%	7.46%	10.22%	5.23%	11.88%	21.48%	30.61%
Cost of Goods Sold	4.53B	3.96B	3.58B	3.54B	3.74B	3.62B	3.67B	3.71B	3.57B	3.49B	3.5B	3.55B	3.45B	3.54B	3.59B	3.65B	3.51B	3.32B	3.31B	3.18B
COGS % of Revenue	49.69%	50.1%	51.01%	51.99%	51.22%	50.92%	51.21%	52.66%	52.71%	52.56%	52.23%	52.86%	53.68%	53.33%	53.33%	54.05%	53.9%	53.13%	52.81%	51.9%
Gross Profit	4.59B	3.95B	3.44B	3.27B	3.56B	3.48B	3.5B	3.33B	3.21B	3.15B	3.2B	3.17B	2.98B	3.09B	3.15B	3.1B	3.01B	2.93B	2.96B	2.94B
Gross Margin %	50.31%	49.9%	48.99%	48.01%	48.78%	49.08%	48.79%	47.34%	47.29%	47.44%	47.77%	47.14%	46.32%	46.67%	46.67%	45.95%	46.1%	46.87%	47.19%	48.1%
Gross Profit Growth %	28.75%	13.26%	-1.74%	-2.1%	11.14%	10.53%	9.11%	5.24%	7.69%	1.91%	1.88%	2.19%	-1%	5.71%	6.29%	5.3%	1.31%	10.33%	25.97%	38.26%
Operating Expenses	1.51B	1.42B	1.34B	1.55B	1.33B	1.32B	1.32B	1.29B	1.26B	1.24B	1.24B	1.2B	1.17B	1.18B	1.18B	1.11B	1.08B	1.03B	987M	932M
OpEx % of Revenue	16.58%	18%	19.1%	22.84%	18.2%	18.54%	18.43%	18.3%	18.63%	18.67%	18.44%	17.82%	18.27%	17.84%	17.44%	16.4%	16.6%	16.54%	15.74%	15.22%
Selling, General & Admin	411M	397M	411M	455M	428M	423M	462M	431M	427M	456M	483M	409M	407M	408M	404M	381M	377M	347M	333M	310M
SG&A % of Revenue	4.51%	5.02%	5.86%	6.69%	5.86%	5.96%	6.45%	6.12%	6.3%	6.86%	7.2%	6.08%	6.33%	6.15%	6%	5.65%	5.78%	5.56%	5.31%	5.06%
Research & Development	1.1B	1.03B	928M	917M	901M	893M	859M	858M	836M	785M	754M	789M	767M	775M	771M	726M	705M	686M	654M	622M
R&D % of Revenue	12.07%	12.98%	13.23%	13.49%	12.34%	12.58%	11.99%	12.18%	12.33%	11.81%	11.24%	11.74%	11.94%	11.69%	11.44%	10.76%	10.81%	10.98%	10.43%	10.16%
Other Operating Expenses	0	0	0	1000K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	3.08B	2.52B	2.1B	1.71B	2.23B	2.17B	2.17B	2.05B	1.94B	1.91B	1.97B	1.97B	1.8B	1.91B	1.97B	1.99B	1.92B	1.89B	1.98B	2.01B
Operating Margin %	33.74%	31.9%	29.89%	25.18%	30.58%	30.55%	30.35%	29.04%	28.65%	28.77%	29.33%	29.32%	28.05%	28.82%	29.23%	29.55%	29.51%	30.33%	31.51%	32.89%
Operating Income Growth %	37.71%	16.32%	-3.63%	-16.32%	14.98%	13.44%	10.57%	3.81%	7.77%	0.05%	-0.15%	-1.15%	-6.34%	0.9%	-0.3%	-0.99%	-4.42%	19.95%	54.01%	56.98%
EBITDA	2.98B	2.66B	2.22B	1.82B	2.35B	2.27B	2.28B	2.16B	2.04B	2.01B	2.06B	2.1B	1.94B	2.04B	2.09B	2.12B	2.03B	2B	2.08B	2.12B
EBITDA Margin %	32.64%	33.6%	31.7%	26.79%	32.13%	32%	31.82%	30.6%	30.05%	30.21%	30.68%	31.25%	30.16%	30.77%	31.01%	31.37%	31.17%	32.11%	33.14%	34.61%
EBITDA Growth %	26.81%	16.99%	-2.5%	-15.49%	15.17%	13.15%	10.79%	2.62%	5.11%	-1.57%	-1.53%	-0.76%	-4.63%	1.75%	0.58%	-0.09%	-3.74%	19.63%	50.91%	53.55%
D&A (Non-Cash Add-back)	0	135M	127M	110M	113M	103M	105M	110M	95M	96M	91M	130M	136M	129M	120M	123M	108M	111M	102M	105M
EBIT	2.98B	3.29B	2.4B	2.34B	2.63B	2.39B	2.18B	1.96B	2.02B	2.05B	2.36B	2.23B	1.87B	1.91B	2.02B	1.99B	1.92B	1.92B	1.98B	2.06B
Net Interest Income	-68M	702M	497M	-71M	-58M	153M	-56M	-151M	18M	82M	336M	201M	4M	-134M	-9M	-45M	-63M	-30M	-51M	-8M
Interest Income	0	771M	566M	0	8M	221M	8M	-85M	81M	141M	395M	259M	64M	-73M	50M	12M	0	28M	6M	49M
Interest Expense	68M	69M	69M	71M	66M	68M	64M	66M	63M	59M	59M	58M	60M	61M	59M	57M	63M	58M	57M	57M
Other Income/Expense	-168M	702M	232M	555M	330M	153M	-56M	-151M	18M	82M	336M	201M	4M	-134M	-9M	-45M	-63M	-30M	-51M	-8M
Pretax Income	2.91B	3.23B	2.33B	2.27B	2.56B	2.32B	2.12B	1.9B	1.96B	1.99B	2.3B	2.17B	1.81B	1.78B	1.96B	1.95B	1.86B	1.86B	1.93B	2.01B
Pretax Margin %	31.89%	40.77%	33.2%	33.34%	35.1%	32.7%	29.57%	26.9%	28.92%	30%	34.34%	32.31%	28.11%	26.8%	29.1%	28.88%	28.54%	29.85%	30.7%	32.76%
Income Tax	369M	419M	302M	370M	784M	185M	934M	164M	255M	272M	284M	168M	246M	202M	244M	358M	255M	328M	133M	294M
Effective Tax Rate %	12.69%	12.99%	12.97%	16.32%	30.59%	7.97%	44.08%	8.65%	13.01%	13.64%	12.33%	7.73%	13.62%	11.37%	12.44%	18.37%	13.7%	17.6%	6.91%	14.66%
Net Income	2.54B	2.81B	2.03B	1.9B	1.78B	2.14B	1.19B	1.73B	1.71B	1.72B	2.02B	2B	1.56B	1.57B	1.72B	1.59B	1.61B	1.54B	1.79B	1.71B
Net Margin %	27.84%	35.47%	28.89%	27.9%	24.36%	30.1%	16.54%	24.57%	25.15%	25.91%	30.1%	29.81%	24.28%	23.76%	25.48%	23.57%	24.63%	24.6%	28.58%	27.96%
Net Income Growth %	42.66%	31.31%	70.97%	9.59%	4.34%	24.1%	-41.31%	-13.62%	9.29%	9.33%	17.59%	25.96%	-2.86%	2.54%	-4.19%	-7.07%	-6.41%	15.49%	58.58%	51.37%
Net Income (Continuing)	2.54B	2.81B	2.03B	1.9B	1.78B	2.14B	1.19B	1.73B	1.71B	1.72B	2.02B	2B	1.56B	1.57B	1.72B	1.59B	1.61B	1.54B	1.79B	1.71B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	3.17	3.51	2.54	2.38	2.21	2.63	1.45	2.09	2.05	2.06	2.41	2.38	1.85	1.86	2.02	1.85	1.85	1.74	2.00	1.89
EPS Growth %	43.44%	33.46%	75.17%	13.88%	7.8%	27.67%	-39.83%	-12.18%	10.81%	10.75%	19.31%	28.65%	0%	6.9%	1%	-2.12%	-1.07%	21.68%	63.93%	53.66%
EPS (Basic)	3.20	3.53	2.55	2.39	2.22	2.64	1.46	2.11	2.06	2.07	2.43	2.40	1.86	1.87	2.03	1.86	1.86	1.75	2.02	1.91
Diluted Shares Outstanding	800M	799M	799M	798M	811M	815M	819M	828M	833M	836M	837M	842M	842M	847M	849M	859M	869M	883M	897M	907M
Basic Shares Outstanding	794M	794M	793M	794M	807M	811M	814M	822M	826M	830M	831M	836M	836M	843M	845M	854M	864M	878M	889M	898M
Dividend Payout Ratio	16.55%	-	18.02%	19.24%	20.69%	15.21%	27.51%	19.01%	19.41%	15.45%	13.17%	13.37%	17.18%	13.9%	12.81%	14.02%	14.01%	13.74%	11.94%	12.62%