AMAT
Applied Materials, Inc.
Stock
$529.30+17.92 (+3.50%)Close Oct 1, 2026
Income statement
| Line | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.8B | $28.4B | $27.2B | $26.5B | $25.8B | $23.1B | $17.2B | $14.6B | $16.7B | $14.7B | $10.8B | $9.7B | $9.1B | $7.5B | $8.7B | $10.5B | $9.5B | $5.0B | $8.1B | $9.7B |
| Cost of revenue | $15.6B | $14.6B | $14.3B | $14.1B | $13.8B | $12.1B | $9.5B | $8.2B | $9.2B | $8.1B | $6.3B | $5.7B | $5.2B | $4.5B | $5.4B | $6.2B | $5.8B | $3.6B | $4.7B | $5.2B |
| Gross profit | $15.2B | $13.8B | $12.9B | $12.4B | $12.0B | $10.9B | $7.7B | $6.4B | $7.5B | $6.6B | $4.5B | $4.0B | $3.8B | $3.0B | $3.3B | $4.4B | $3.7B | $1.4B | $3.4B | $4.5B |
| R&D | $4.0B | $3.6B | $3.2B | $3.1B | $2.8B | $2.5B | $2.2B | $2.1B | $2.0B | $1.8B | $1.5B | $1.5B | $1.4B | $1.3B | $1.2B | $1.1B | $1.1B | $934M | $1.1B | $1.1B |
| SG&A | $1.7B | $1.8B | $1.8B | $1.6B | $1.4B | $1.2B | $1.1B | $982M | $1.0B | $895M | $819M | $897M | $925M | $891M | $1.1B | $901M | $942M | $735M | $965M | $952M |
| Other operating expenses | $446M | $181M | — | — | — | $311M | — | — | — | — | — | — | — | $348M | $589M | — | $246M | $156M | $18M | $26M |
| Operating income | $9.1B | $8.3B | $7.9B | $7.7B | $7.8B | $6.9B | $4.4B | $3.4B | $4.5B | $3.9B | $2.2B | $1.7B | $1.5B | $432M | $411M | $2.4B | $1.4B | −$394M | $1.4B | $2.4B |
| Non-operating income | $1.6B | $982M | $285M | $62M | −$189M | −$118M | −$199M | −$81M | −$95M | −$120M | −$139M | −$95M | −$72M | −$82M | −$95M | −$20M | $3.0M | −$92M | $53M | $68M |
| Pretax income | $10.7B | $9.3B | $8.2B | $7.7B | $7.6B | $6.8B | $4.2B | $3.3B | $4.4B | $3.8B | $2.0B | $1.6B | $1.4B | $350M | $316M | $2.4B | $1.4B | −$486M | $1.4B | $2.4B |
| Taxes | $1.5B | $2.3B | $975M | $860M | $1.1B | $883M | $547M | $563M | $1.4B | $297M | $292M | $221M | $376M | $94M | $207M | $452M | $449M | −$181M | $448M | $729M |
| Net income | $9.3B | $7.0B | $7.2B | $6.9B | $6.5B | $5.9B | $3.6B | $2.7B | $3.0B | $3.5B | $1.7B | $1.4B | $1.1B | $256M | $109M | $1.9B | $938M | −$305M | $961M | $1.7B |
| Diluted EPS | $11.59 | $8.66 | $8.61 | $8.11 | $7.44 | $6.40 | $3.92 | $2.86 | $2.96 | $3.25 | $1.54 | $1.12 | $0.87 | $0.21 | $0.09 | $1.45 | $0.70 | −$0.23 | $0.70 | $1.20 |
| Diluted shares | — | 808.0M | 834.0M | 845.0M | 877.0M | 919.0M | 923.0M | 945.0M | 1.03B | 1.08B | 1.12B | 1.23B | 1.23B | 1.22B | 1.28B | 1.33B | 1.35B | 1.33B | 1.37B | 1.43B |
| Revenue growth | — | +4.4% | +2.5% | +2.8% | +11.8% | +34.1% | +17.8% | −12.6% | +13.7% | +35.8% | +12.1% | +6.5% | +20.8% | −13.9% | −17.1% | +10.1% | +90.4% | −38.3% | −16.5% | — |
| Gross margin | 49.4% | 48.7% | 47.5% | 46.7% | 46.5% | 47.3% | 44.7% | 43.7% | 45.0% | 45.0% | 41.7% | 40.9% | 42.4% | 39.8% | 38.0% | 41.5% | 38.9% | 28.5% | 42.4% | 46.1% |
| Operating margin | 29.6% | 29.2% | 28.9% | 28.9% | 30.2% | 29.9% | 25.4% | 22.9% | 26.9% | 26.8% | 19.9% | 17.5% | 16.8% | 5.8% | 4.7% | 22.8% | 14.5% | −7.9% | 16.7% | 24.4% |
| Net margin | 30.1% | 24.7% | 26.4% | 25.9% | 25.3% | 25.5% | 21.0% | 18.5% | 18.2% | 23.9% | 15.9% | 14.3% | 11.8% | 3.4% | 1.3% | 18.3% | 9.8% | −6.1% | 11.8% | 17.6% |
Cost of revenue, other operating expenses, non-operating income and taxes are the differences between the lines reported around them.