Applied Materials, Inc. (AMAT) Earnings History
Growth Compounder37 years of earnings data (1989–2025) · Consistent double-digit EPS growth over 5 years
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Applied Materials, Inc. (AMAT) Earnings Overview
As of July 8, 2026, Applied Materials, Inc. (AMAT) reported trailing twelve-month net income of $8.51B, reflecting +0.6% year-over-year growth. The company earned $10.65 per diluted share over the past four quarters, with a net profit margin of 24.7%.
Looking at the long-term picture, AMAT's 5-year EPS compound annual growth rate (CAGR) stands at +17.2%, indicating exceptional earnings growth. The company achieved its highest annual net income of $7.18B in fiscal 2024.
Applied Materials, Inc. maintains industry-leading profitability with a gross margin of 48.7%, operating margin of 29.2%, and net margin of 24.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including LRCX ($6.71B net income, 29.1% margin), KLAC ($4.67B net income, 33.4% margin), ASML ($10.01B net income, 29.4% margin), AMAT has room to improve margins relative to the peer group. Compare AMAT vs LRCX →
AMAT Earnings vs Peers
Earnings metrics vs comparable public companies
AMAT Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.00B | -2.5% | $8.29B | $8.66 | 24.7% | 29.2% |
| 2024 | $7.18B | +4.7% | $7.87B | $8.61 | 26.4% | 28.9% |
| 2023 | $6.86B | +5.1% | $7.65B | $8.11 | 25.9% | 28.9% |
| 2022 | $6.53B | +10.8% | $7.79B | $7.44 | 25.3% | 30.2% |
| 2021 | $5.89B | +62.7% | $6.89B | $6.40 | 25.5% | 29.9% |
| 2020 | $3.62B | +33.7% | $4.37B | $3.92 | 21.0% | 25.4% |
| 2019 | $2.71B | -10.9% | $3.35B | $2.86 | 18.5% | 22.9% |
| 2018 | $3.04B | -13.7% | $4.49B | $2.96 | 18.2% | 26.9% |
| 2017 | $3.52B | +104.5% | $3.94B | $3.17 | 23.9% | 26.8% |
| 2016 | $1.72B | +25.0% | $2.15B | $1.54 | 15.9% | 19.9% |
| 2015 | $1.38B | +28.5% | $1.69B | $1.12 | 14.3% | 17.5% |
| 2014 | $1.07B | +318.8% | $1.52B | $0.87 | 11.8% | 16.8% |
| 2013 | $256M | +134.9% | $432M | $0.21 | 3.4% | 5.8% |
| 2012 | $109M | -94.3% | $1.09B | $0.09 | 1.3% | 12.5% |
| 2011 | $1.93B | +105.4% | $2.40B | $1.45 | 18.3% | 22.8% |
| 2010 | $938M | +407.2% | $1.38B | $0.70 | 9.8% | 14.5% |
| 2009 | -$305M | -131.8% | -$394M | $-0.23 | -6.1% | -7.9% |
| 2008 | $961M | -43.8% | $1.36B | $0.70 | 11.8% | 16.7% |
| 2007 | $1.71B | +12.8% | $2.37B | $1.20 | 17.6% | 24.4% |
| 2006 | $1.52B | +25.4% | $1.45B | $0.97 | 16.5% | 15.8% |
| 2005 | $1.21B | -10.5% | $1.45B | $0.73 | 17.3% | 20.7% |
| 2004 | $1.35B | +1006.0% | $1.76B | $0.78 | 16.9% | 22.0% |
| 2003 | -$149M | -155.4% | -$314M | $-0.09 | -3.3% | -7.0% |
| 2002 | $269M | -65.3% | $210M | $0.16 | 5.3% | 4.1% |
| 2001 | $775M | -62.4% | $930M | $0.46 | 10.6% | 12.7% |
| 2000 | $2.06B | +189.1% | $2.95B | $1.20 | 21.6% | 30.8% |
| 1999 | $714M | +157.1% | $934M | $0.46 | 14.7% | 19.2% |
| 1998 | $278M | -44.3% | $693M | $0.15 | 6.9% | 17.1% |
| 1997 | $499M | -16.9% | $691M | $0.33 | 12.2% | 17.0% |
| 1996 | $600M | +32.0% | $929M | $0.41 | 14.5% | 22.4% |
| 1995 | $454M | +105.8% | $694M | $0.31 | 14.8% | 22.7% |
| 1994 | $221M | +121.4% | $339M | $0.17 | 13.3% | 20.4% |
| 1993 | $100M | +152.4% | $164M | $0.08 | 9.2% | 15.2% |
| 1992 | $40M | +50.8% | $73M | $0.04 | 5.3% | 9.7% |
| 1991 | $26M | -23.2% | $53M | $0.03 | 4.1% | 8.3% |
| 1990 | $34M | -33.8% | $59M | $0.04 | 6.0% | 10.4% |
| 1989 | $52M | - | $84M | $0.05 | 10.3% | 16.6% |
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AMAT — Frequently Asked Questions
Quick answers to the most common questions about buying AMAT stock.
What is AMAT earnings per share (EPS)?
AMAT trailing twelve-month (TTM) diluted EPS is $10.65, reflecting +0.6% year-over-year growth. The 5-year EPS CAGR is +17.2%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Applied Materials, Inc.'s net income?
Applied Materials, Inc. (AMAT) trailing twelve-month net income is $8.5B as of 2025. Earnings grew +0.6% year-over-year. Applied Materials, Inc. has been profitable for 16 consecutive years.
Is AMAT profitable?
Yes, AMAT is profitable with a TTM net income of $8.5B and a net profit margin of +24.7%. Applied Materials, Inc. has generated profits for 16 consecutive years.
What is AMAT's earnings growth rate?
AMAT compound annual EPS growth rates (CAGR): 1-Year: +0.6%, 3-Year: +5.2%, 5-Year: +17.2%, 10-Year: +22.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are AMAT's profit margins?
Applied Materials, Inc. net profit margin is +24.7%, operating margin is +29.2%, and gross margin is +48.7%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +35.5%.
Is AMAT growing earnings?
AMAT earnings growth is slowing. Current YoY EPS growth of +0.6% trails the 5-year CAGR of +17.2%. TTM net income is $8.5B.
What was AMAT's best earnings year?
Applied Materials, Inc.'s highest annual net income on record is $7.2B, achieved in fiscal year 2024. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were AMAT's earnings last quarter?
AMAT's most recent reported quarter was Q2 2026. Net income was $2.8B with diluted EPS of $3.51. For a full breakdown of all quarters, see the quarterly earnings table on this page.