Income StatementBalance SheetCash FlowSegments
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Applied Materials Income Statement

Revenue, expenses, and profitability over time

Applied Materials generated $29.0B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $8.5B with a 29.31% net margin. Gross margin stands at 48.96% and operating margin at 28.59%. Diluted EPS is $10.64, which grew 0.3% year-over-year. Based on the Q2 2026 filing.

Total Revenue (TTM)$29.0BGross Profit (TTM)$14.2BOperating Income (TTM)$8.3BNet Income (TTM)$8.5BEps Diluted (TTM)$10.64
Latest FilingQ2 2026
Report Date2026-05-21
Market Cap$343.12B
P/E Ratio40.33
ROE39.69%

Operating Expenses

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Litigation Settlement Expense—$0.0———$0.0
General and administrative$256.0M$207.0M$204.0M$243.0M$189.0M$164.0M
Severance-Related Costs$0.0$0.0——$12.0M$0.0
Impairment and restructuring$45.3M$45.3M$45.3M$45.3M——
Other operating expenses$1.3B$1.3B$1.3B$1.6B$1.6B$1.4B
Research and development$859.0M$893.0M$901.0M$917.0M$928.0M$1.0B
Restructuring charges$0.0$0.0——$12.0M$0.0
Selling and marketing$206.0M$216.0M$224.0M$212.0M$222.0M$233.0M
Total operating expenses$1.3B$1.3B$1.3B$1.6B$1.6B$1.4B

Earnings Per Share

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Basic earnings per share$1.46$2.64$2.23$2.39$2.55$3.53
Diluted earnings per share$1.45$2.63$2.22$2.37$2.54$3.51
Weighted-average shares, basic814M809M798M—793M794M
Weighted-average shares, diluted819M812M802M—799M799M

Operating Income

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Gross profit$3.5B$3.5B$3.6B$3.3B$3.4B$3.9B
Operating income$2.2B$2.2B$2.2B$1.7B$1.8B$2.5B

Other Income & Expense

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other Charges$8.0M$221.0M$396.0M$626.0M$566.0M$771.0M
Interest expense$64.0M$68.0M$66.0M$71.0M$69.0M$69.0M
Other income (expense), net$8.0M$221.0M$396.0M$626.0M$566.0M$771.0M

Income Before Tax

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Income before income taxes$2.1B$2.3B$2.6B$2.3B$2.3B$3.2B

Tax

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Income tax expense$934.0M$185.0M$784.0M$370.0M$302.0M$419.0M

Net Income

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Net income$1.2B$2.1B$1.8B$1.9B$2.0B$2.8B

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other income, net (Note 6)$8.0M$221.0M$396.0M$626.0M$566.0M$771.0M
Revenue From Contract With Customer Excluding Assessed Tax$7.2B$7.1B$7.3B$6.8B$7.0B$7.9B

Cost of Revenue

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Total cost of revenue$3.7B$3.6B$3.7B$3.5B$3.6B$4.0B

Revenue

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Total revenue$7.2B$7.1B$7.3B$6.8B$7.0B$7.9B