Applied Materials Inc /DE income statement AMAT

Annual Quarterly

In fiscal 2025, which ended Oct 26, 2025, Applied Materials Inc /DE reported revenue of $28.4 billion, up 4.4% from the year before. Net income was $7.0 billion, a profit margin of 24.7%. Operating income came to $8.3 billion, an operating margin of 29.2%. Diluted earnings per share were $8.66. Over the twelve months ended Jul 26, 2026, revenue was $30.8 billion and net income was $9.3 billion. Across the 10 fiscal years shown, revenue grew from $10.8 billion in fiscal 2016 to $28.4 billion in fiscal 2025, about 11.3% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Jul 26, 2026	FY 2025 Oct 26, 2025	FY 2024 Oct 27, 2024	FY 2023 Oct 29, 2023	FY 2022 Oct 30, 2022	FY 2021 Oct 31, 2021	FY 2020 Oct 25, 2020	FY 2019 Oct 27, 2019	FY 2018 Oct 28, 2018	FY 2017 Oct 29, 2017	FY 2016 Oct 30, 2016
Revenue	30,837 +7.8%	28,368 +4.4%	27,176 +2.5%	26,517 +2.8%	25,785 +11.8%	23,063 +34.1%	17,202 +17.8%	14,608 -12.6%	16,705 +14.9%	14,537 +34.3%	10,825 +12.1%
Cost of revenue	15,604 +5.9%	14,560 +2.0%	14,279 +1.0%	14,133 +2.5%	13,792 +13.5%	12,149 +27.7%	9,510 +15.7%	8,222 -10.5%	9,188 +13.6%	8,086 +28.1%	6,314 +10.6%
Gross profit	15,233 +9.8%	13,808 +7.1%	12,897 +4.1%	12,384 +3.3%	11,993 +9.9%	10,914 +41.9%	7,692 +20.5%	6,386 -15.0%	7,517 +13.7%	6,612 +46.6%	4,511 +14.1%
Research and development	3,972 +13.1%	3,570 +10.4%	3,233 +4.2%	3,102 +11.9%	2,771 +11.5%	2,485 +11.2%	2,234 +8.8%	2,054 +1.6%	2,022 +13.5%	1,781 +15.6%	1,540 +6.1%
Selling, general and administrative	1,674 -4.0%	1,768 -1.6%	1,797 +10.4%	1,628 +13.2%	1,438 +17.0%	1,229 +12.4%	1,093 +11.3%	982 -2.2%	1,004 +12.2%	895 +9.3%	819 -8.7%
Restructuring and impairment	—	181	—	—	—	—	—	—	—	—	—
Operating expenses	—	5,519 +9.7%	5,030 +6.3%	4,730	—	—	3,327 +9.6%	3,036 +0.3%	3,026 +13.1%	2,676 +13.4%	2,359
Operating income	9,141 +6.0%	8,289 +5.4%	7,867 +2.8%	7,654 -1.7%	7,788 +13.0%	6,889 +57.8%	4,365 +30.3%	3,350 -25.4%	4,491 +14.1%	3,936 +82.9%	2,152 +27.1%
Interest expense	277 +4.9%	269 +8.9%	247	—	—	—	—	—	—	—	—
Other non-operating income (expense)	1,863 +245.0%	1,251 +135.2%	532 +77.3%	300 +669.2%	39 -66.9%	118 +187.8%	41 -73.7%	156 +12.2%	139 +78.2%	78 +387.5%	16
Pretax income	10,727 +20.5%	9,271 +13.7%	8,152 +5.7%	7,716 +1.5%	7,599 +12.2%	6,771 +62.5%	4,166 +27.4%	3,269 -25.6%	4,396 +15.2%	3,816 +89.6%	2,013 +26.0%
Income tax	1,460 -29.4%	2,273 +133.1%	975 +13.4%	860 -19.9%	1,074 +21.6%	883 +61.4%	547 -2.8%	563 -58.5%	1,358 +357.2%	297 +1.7%	292 +32.1%
Net income	9,267 +35.6%	6,998 -2.5%	7,177 +4.7%	6,856 +5.1%	6,525 +10.8%	5,888 +62.7%	3,619 +33.7%	2,706 -10.9%	3,038 -13.7%	3,519 +104.5%	1,721 +25.0%
Basic EPS	11.67 +38.4%	8.71 +0.3%	8.68 +6.4%	8.16 +8.9%	7.49 +15.8%	6.47 +63.8%	3.95 +36.7%	2.89 -3.7%	3.00 -8.5%	3.28 +110.3%	1.56 +38.1%
Diluted EPS	11.60 +38.5%	8.66 +0.6%	8.61 +6.2%	8.11 +9.0%	7.44 +16.2%	6.40 +63.3%	3.92 +37.1%	2.86 -3.4%	2.96 -8.9%	3.25 +111.0%	1.54 +37.5%
Weighted average shares, basic	794 -2.0%	804 -2.8%	827 -1.5%	840 -3.6%	871 -4.3%	910 -0.7%	916 -2.2%	937 -7.5%	1,013 -5.6%	1,073 -3.1%	1,107 -8.8%
Weighted average shares, diluted	799 -2.1%	808 -3.1%	834 -1.3%	845 -3.6%	877 -4.6%	919 -0.4%	923 -2.3%	945 -7.9%	1,026 -5.4%	1,084 -2.9%	1,116 -9.0%
Other measures
Depreciation and amortization	527 +22.3%	435 +11.0%	392 -23.9%	515 +16.0%	444 +12.7%	394 +4.8%	376 +3.6%	363 -20.6%	457 +12.3%	407 +4.6%	389 +4.9%
EBITDA	9,668 +6.8%	8,724 +5.6%	8,259 +1.1%	8,169 -0.8%	8,232 +13.0%	7,283 +53.6%	4,741 +27.7%	3,713 -25.0%	4,948 +13.9%	4,343 +70.9%	2,541 +23.1%
Interest coverage	33.00x	30.81x	31.85x	—	—	—	—	—	—	—	—
Margins
Gross margin	49.40%	48.67%	47.46%	46.70%	46.51%	47.32%	44.72%	43.72%	45.00%	45.48%	41.67%
Operating margin	29.64%	29.22%	28.95%	28.86%	30.20%	29.87%	25.37%	22.93%	26.88%	27.08%	19.88%
Pretax margin	34.79%	32.68%	30.00%	29.10%	29.47%	29.36%	24.22%	22.38%	26.32%	26.25%	18.60%
Profit margin	30.05%	24.67%	26.41%	25.86%	25.31%	25.53%	21.04%	18.52%	18.19%	24.21%	15.90%
EBITDA margin	31.35%	30.75%	30.39%	30.81%	31.93%	31.58%	27.56%	25.42%	29.62%	29.88%	23.47%
Effective tax rate	13.61%	24.52%	11.96%	11.15%	14.13%	13.04%	13.13%	17.22%	30.89%	7.78%	14.51%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

New to this? Read How to Read an Income Statement, With a Real Example.

Company profile

Industry: Semiconductors & Related Devices (SIC 3674)
Listed as: AMAT (Nasdaq)
Fiscal year ends: October 26
Incorporated in: DC
Headquarters: Santa Clara, CA
SEC filer status: Large accelerated filer
SEC CIK: 6951

Other Semiconductors & Related Devices companies

All 112 Semiconductors & Related Devices companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.