Income StatementBalance SheetCash FlowSegments
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Applied Materials Income Statement

Revenue, expenses, and profitability over time

Applied Materials generated $28.2B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $7.8B with a 27.78% net margin. Gross margin stands at 48.72% and operating margin at 28.16%. Diluted EPS is $9.75, which grew 0.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$28.2BGross Profit (TTM)$13.7BOperating Income (TTM)$7.9BNet Income (TTM)$7.8BEps Diluted (TTM)$9.75
Latest FilingQ1 2026
Report Date2026-02-19
Market Cap$328.21B
P/E Ratio41.87
ROE38.86%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Legal settlement—$0.0———$253.0M
Legal Settlement—$0.0———$253.0M
General and administrative$216.0M$256.0M$207.0M$204.0M$243.0M$189.0M
Severance-Related Costs—$0.0———$12.0M
Impairment and restructuring$0.0$45.3M$45.3M$45.3M$45.3M—
Other operating expenses$1.3B$1.3B$1.3B$1.3B$1.6B$1.6B
Research and development$858.0M$859.0M$893.0M$901.0M$917.0M$928.0M
Selling and marketing$215.0M$206.0M$216.0M$224.0M$212.0M$222.0M
Total operating expenses$1.3B$1.3B$1.3B$1.3B$1.6B$1.6B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$2.11$1.46$2.64$2.23$2.38$2.55
Diluted earnings per share$2.09$1.45$2.63$2.22$2.36$2.54
Weighted-average shares, basic—814M809M798M—793M
Weighted-average shares, diluted—819M812M802M—799M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$3.3B$3.5B$3.5B$3.6B$3.3B$3.4B
Operating income$2.0B$2.2B$2.2B$2.2B$1.7B$1.8B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges—$8.0M$221.0M$396.0M$626.0M$566.0M
Interest expense$66.0M$64.0M$68.0M$66.0M$71.0M$69.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$1.9B$2.1B$2.3B$2.6B$2.3B$2.3B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$164.0M$934.0M$185.0M$784.0M$370.0M$302.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.7B$1.2B$2.1B$1.8B$1.9B$2.0B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Expense Nonoperating$66.0M$64.0M$68.0M$66.0M$71.0M$69.0M
Other income, net (Note 6)—$8.0M$221.0M$396.0M$626.0M$566.0M
Revenue From Contract With Customer Excluding Assessed Tax$7.0B$7.2B$7.1B$7.3B$6.8B$7.0B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$3.7B$3.7B$3.6B$3.7B$3.5B$3.6B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$7.0B$7.2B$7.1B$7.3B$6.8B$7.0B