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Applied Materials AMAT Applied Global Services — Gross Profit

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Semiconductor Systems
$3.26B+13.0%

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Other financials

Income statement

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Revenue$7.9B+11.4%
Gross profit$3.9B+13.3%
Operating income$2.5B+16.3%
Net income$2.8B+31.3%
EPS (diluted)$3.51+33.5%

Balance sheet

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Cash & equivalents$1.5B+4.0%
Total debt$7.3B+9.0%
Total equity$23.9B+26.1%
Total assets$40.3B+19.8%

Cash flow

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Operating cash flow$845.0M-46.2%
CapEx$635.0M+24.5%
Free cash flow$210.0M-80.2%

Valuation

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Market cap$424.16B+197%
Enterprise value$429.94B+190%
P/E49.9×+28.9×
P/S14.6×+9.6×

Profitability

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Gross margin49%+0.8pp
Operating margin28.6%-1.1pp
Net margin29.3%+5.3pp
FCF margin18.4%-2.5pp

Returns & leverage

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Return on equity39.7%+3.3pp
Debt / equity0.3×0.0×
Current ratio2.5×0.0×

Where this comes from

Reported directly by Applied Materials in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

The source filing: Applied Materials’s 10-Q, filed May 21, 2026.

Filed
May 21, 2026, 4:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-037227
Three Months Ended April 26, 2026Semiconductor Systems / (In millions, except percentages)Applied Global Services / (In millions, except percentages)Other / (In millions, except percentages)Total
Revenue$5,965$1,665$280$7,910
Cost of products sold2,7011,0881743,963
Gross profit$3,264$577$106$3,947
Gross margin54.7%34.7%49.9%
Operating expenses:
Research, development and engineering865201421,027
Selling, general and administrative3077020397
Operating income (loss)$2,092$487$(56)$2,523

Item 1. Financial Statements (Unaudited)

FAQ

What is Applied Materials's applied global services — gross profit?
Applied Materials (AMAT) reported applied global services — gross profit of $577M in Q1 2026.
How has Applied Materials's applied global services — gross profit changed year-over-year?
Applied Materials's applied global services — gross profit increased by 21.2% year-over-year, from $476M to $577M.
What does applied global services — gross profit mean?
This is the difference between the revenue generated by the Applied Global Services segment and its associated direct costs of products sold. It measures the fundamental profitability of the service business before accounting for R&D, SG&A, or other operating expenses. This metric highlights the value-add of the company's service offerings.

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