Applied Materials, Inc. (AMAT) income statement
NASDAQ · Technology · Semiconductors · 36,500 employees · CEO Gary E. Dickerson
- Price
- $390.09 -7.49%
- Market cap
- $310B
- Enterprise value
- $310B
- Last report
- Q3 '26 filed 2026-08-20
- Next report
- 2026-11-12 EPS est. $4.06
Applied Materials, Inc. (AMAT) reported revenue of $9.12B for Q3 '26 (+24.8% year on year), operating income of $3.08B (33.7% of revenue) and net income of $2.54B. Over the last four quarters revenue was $30.8B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.72B | $6.71B | $6.65B | $6.78B | $7.05B | $7.17B | $7.1B | $7.3B | $6.8B | $7.01B | $7.91B | $9.12B | |
| Cost of revenue | $3.55B | $3.5B | $3.49B | $3.57B | $3.71B | $3.67B | $3.62B | $3.74B | $3.54B | $3.58B | $3.96B | $4.53B | |
| Gross profit | $3.17B | $3.2B | $3.15B | $3.21B | $3.34B | $3.5B | $3.49B | $3.56B | $3.27B | $3.44B | $3.95B | $4.59B | |
| Research & development | $789M | $754M | $785M | $836M | $858M | $859M | $893M | $901M | $917M | $928M | $1.03B | $1.1B | |
| Sales & marketing | $192M | $207M | $209M | $205M | $215M | $206M | $216M | $224M | $212M | $222M | $233M | $249M | |
| General & administrative | $217M | $276M | $247M | $222M | $216M | $256M | $207M | $204M | $243M | $189M | $164M | $162M | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $181M | $0 | $0 | $0 | |
| Operating expenses | $1.2B | $1.24B | $1.24B | $1.26B | $1.29B | $1.32B | $1.32B | $1.33B | $1.55B | $1.34B | $1.42B | $1.51B | |
| Operating income | $1.97B | $1.97B | $1.91B | $1.94B | $2.05B | $2.18B | $2.17B | $2.23B | $1.71B | $2.1B | $2.52B | $3.08B | |
| Interest income | $259M | $395M | $141M | $81M | -$85M | $8M | $221M | $8M | $0 | $566M | $771M | $0 | |
| Interest expense | $58M | $59M | $59M | $63M | $66M | $64M | $68M | $66M | $71M | $69M | $69M | $68M | |
| Other non-operating income (gains on investments, FX ...) | -$259M | -$395M | -$141M | -$81M | $85M | -$8M | -$221M | -$396M | -$626M | -$301M | -$771M | $100M | |
| Total non-operating income | $201M | $336M | $82M | $18M | -$151M | -$56M | $153M | $330M | $555M | $232M | $702M | -$168M | |
| Income before tax | $2.17B | $2.3B | $1.99B | $1.96B | $1.9B | $2.12B | $2.32B | $2.56B | $2.27B | $2.33B | $3.23B | $2.91B | |
| Income tax | $168M | $284M | $272M | $255M | $164M | $934M | $185M | $784M | $370M | $302M | $419M | $369M | |
| Net income | $2B | $2.02B | $1.72B | $1.71B | $1.73B | $1.19B | $2.14B | $1.78B | $1.9B | $2.03B | $2.81B | $2.54B | |
| EPS (basic) | $2.40 | $2.43 | $2.07 | $2.06 | $2.11 | $1.46 | $2.64 | $2.22 | $2.39 | $2.55 | $3.53 | $3.20 | |
| EPS (diluted) | $2.38 | $2.41 | $2.06 | $2.05 | $2.09 | $1.45 | $2.63 | $2.21 | $2.38 | $2.54 | $3.51 | $3.17 | |
| Shares (basic, weighted) | 836M | 831M | 830M | 826M | 822M | 814M | 811M | 807M | 794M | 793M | 794M | 794M | |
| Shares (diluted, weighted) | 842M | 837M | 836M | 833M | 828M | 819M | 815M | 811M | 798M | 799M | 799M | 800M | |
| Depreciation & amortization | $130M | $91M | $96M | $95M | $110M | $105M | $103M | $113M | $110M | $127M | $135M | $151M | |
| EBITDA | $2.36B | $2.45B | $2.15B | $2.12B | $2.07B | $2.29B | $2.49B | $2.74B | $2.45B | $2.52B | $3.43B | $3.13B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $14.7B | $16.7B | $14.6B | $17.2B | $23.1B | $25.8B | $26.5B | $27.2B | $28.4B | |
| Cost of revenue | $6.31B | $8.09B | $9.19B | $8.22B | $9.51B | $12.1B | $13.8B | $14.1B | $14.3B | $14.6B | |
| Gross profit | $4.51B | $6.61B | $7.52B | $6.39B | $7.69B | $10.9B | $12B | $12.4B | $12.9B | $13.8B | |
| Research & development | $1.54B | $1.77B | $2.02B | $2.05B | $2.23B | $2.49B | $2.77B | $3.1B | $3.23B | $3.57B | |
| Sales & marketing | $429M | $456M | $521M | $521M | $526M | $609M | $703M | $776M | $836M | $858M | |
| General & administrative | $390M | $434M | $481M | $461M | $567M | $620M | $735M | $852M | $961M | $910M | |
| Other operating expenses | $0 | $0 | $3M | $0 | $0 | $311M | $0 | $0 | $0 | $181M | |
| Operating expenses | $2.36B | $2.66B | $3.02B | $3.04B | $3.33B | $4.03B | $4.21B | $4.73B | $5.03B | $5.52B | |
| Operating income | $2.15B | $3.94B | $4.49B | $3.35B | $4.37B | $6.89B | $7.79B | $7.65B | $7.87B | $8.29B | |
| Interest income | $16M | $78M | $139M | $156M | $41M | $118M | $39M | $300M | $532M | $0 | |
| Interest expense | $155M | $198M | $234M | $237M | $240M | $236M | $228M | $238M | $247M | $269M | |
| Other non-operating income (gains on investments, FX ...) | -$16M | -$78M | -$139M | -$156M | -$41M | -$118M | -$39M | -$300M | -$532M | -$1.25B | |
| Total non-operating income | -$139M | -$120M | -$95M | -$81M | -$199M | -$118M | -$189M | $62M | $285M | $982M | |
| Income before tax | $2.01B | $3.82B | $4.4B | $3.27B | $4.17B | $6.77B | $7.6B | $7.72B | $8.15B | $9.27B | |
| Income tax | $292M | $297M | $1.36B | $563M | $547M | $883M | $1.07B | $860M | $975M | $2.27B | |
| Net income | $1.72B | $3.52B | $3.04B | $2.71B | $3.62B | $5.89B | $6.53B | $6.86B | $7.18B | $7B | |
| EPS (basic) | $1.56 | $3.20 | $3.00 | $2.89 | $3.95 | $6.47 | $7.49 | $8.16 | $8.68 | $8.71 | |
| EPS (diluted) | $1.54 | $3.17 | $2.96 | $2.86 | $3.92 | $6.40 | $7.44 | $8.11 | $8.61 | $8.66 | |
| Shares (basic, weighted) | 1.11B | 1.07B | 1.01B | 937M | 916M | 910M | 871M | 840M | 827M | 804M | |
| Shares (diluted, weighted) | 1.12B | 1.08B | 1.03B | 945M | 923M | 919M | 877M | 845M | 834M | 808M | |
| Depreciation & amortization | $389M | $407M | $457M | $363M | $376M | $394M | $444M | $515M | $392M | $435M | |
| EBITDA | $2.56B | $4.42B | $5.08B | $3.87B | $4.78B | $7.39B | $8.26B | $8.46B | $8.79B | $9.98B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-26, 10-Q 2026-04-26, 10-Q 2026-01-25, 10-K 2025-10-26, 10-Q 2025-07-27, 10-Q 2025-04-27, 10-Q 2025-01-26, 10-K 2024-10-27, 10-Q 2024-07-28
Data as of 2026-11-01