Applied Materials, Inc. (AMAT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q3'21 |
|---|
| Sales/Revenue | 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 | 6.2B |
| Revenue Growth % | 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% | 40.98% |
| Cost of Goods Sold | 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 | 3.23B |
| COGS % of Revenue | 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% | 52.11% |
| Gross Profit | 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 | 2.97B |
| Gross Margin % | 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% | 47.89% |
| Gross Profit Growth % | 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% | 51.76% |
| Operating Expenses | 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 | 954M |
| OpEx % of Revenue | 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% | 15.4% |
| Selling, General & Admin | 397M | 411M | 455M | 428M | 423M | 462M | 431M | 427M | 456M | 483M | 409M | 407M | 408M | 404M | 381M | 377M | 347M | 333M | 310M | 314M |
| SG&A % of Revenue | 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% | 5.07% |
| Research & Development | 1.03B | 928M | 917M | 901M | 893M | 859M | 858M | 836M | 785M | 754M | 789M | 767M | 775M | 771M | 726M | 705M | 686M | 654M | 622M | 640M |
| R&D % of Revenue | 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% | 10.33% |
| Other Operating Expenses | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 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 | 2.01B |
| Operating Margin % | 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% | 32.49% |
| Operating Income Growth % | 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% | 81.68% |
| EBITDA | 3.29B | 2.22B | 1.82B | 2.02B | 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 | 2.11B |
| EBITDA Margin % | 41.64% | 31.7% | 26.79% | 27.73% | 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% | 34.07% |
| EBITDA Growth % | 44.98% | -2.5% | -15.49% | -0.59% | 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% | 75.62% |
| D&A (Non-Cash Add-back) | 0 | 127M | 110M | -208M | 103M | 105M | 110M | 95M | 96M | 91M | 130M | 136M | 129M | 120M | 123M | 108M | 111M | 102M | 105M | 98M |
| EBIT | 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 | 2.04B |
| Net Interest Income | -69M | -69M | -71M | -58M | 153M | -56M | -151M | 18M | 82M | 336M | 201M | 4M | -134M | -9M | -45M | -63M | -30M | -51M | -8M | -33M |
| Interest Income | 0 | 0 | 0 | 8M | 221M | 8M | -85M | 81M | 141M | 395M | 259M | 64M | -73M | 50M | 12M | 0 | 28M | 6M | 49M | 24M |
| Interest Expense | 69M | 69M | 71M | 66M | 68M | 64M | 66M | 63M | 59M | 59M | 58M | 60M | 61M | 59M | 57M | 63M | 58M | 57M | 57M | 57M |
| Other Income/Expense | 702M | 232M | 555M | 330M | 153M | -56M | -151M | 18M | 82M | 336M | 201M | 4M | -134M | -9M | -45M | -63M | -30M | -51M | -8M | -33M |
| Pretax Income | 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 | 1.98B |
| Pretax Margin % | 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% | 31.96% |
| Income Tax | 419M | 302M | 370M | 784M | 185M | 934M | 164M | 255M | 272M | 284M | 168M | 246M | 202M | 244M | 358M | 255M | 328M | 133M | 294M | 264M |
| Effective Tax Rate % | 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% | 13.33% |
| Net Income | 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 | 1.72B |
| Net Margin % | 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% | 27.7% |
| Net Income Growth % | 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% | 104.04% |
| Net Income (Continuing) | 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 | 1.72B |
| 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) | 3.51 | 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 | 1.87 |
| EPS Growth % | 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% | 105.49% |
| EPS (Basic) | 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 | 1.89 |
| Diluted Shares Outstanding | 799M | 799M | 798M | 811M | 815M | 819M | 828M | 833M | 836M | 837M | 842M | 842M | 847M | 849M | 859M | 869M | 883M | 897M | 907M | 918M |
| Basic Shares Outstanding | 794M | 793M | 794M | 807M | 811M | 814M | 822M | 826M | 830M | 831M | 836M | 836M | 843M | 845M | 854M | 864M | 878M | 889M | 898M | 908M |
| Dividend Payout Ratio | - | 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% | 12.76% |