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Applied Materials AMAT Semiconductor Systems — Operating Income (Loss)

Other segment segments

Applied Global Services
$492M+22.7%

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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:OperatingIncomeLoss.

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
Operating expenses:
Research, development and engineering865201421,027
Selling, general and administrative3077020397
Operating income (loss)$2,092$487$(56)$2,523
Operating margin35.1%29.2%31.9%
Depreciation and amortization$101$16$18$135
Capital expenditures$120$14$501$635
Balance as of April 26, 2026

Item 1. Financial Statements (Unaudited)

FAQ

What is Applied Materials's semiconductor systems — operating income (loss)?
Applied Materials (AMAT) reported semiconductor systems — operating income (loss) of $2.09B in Q1 2026.
How has Applied Materials's semiconductor systems — operating income (loss) changed year-over-year?
Applied Materials's semiconductor systems — operating income (loss) increased by 18.2% year-over-year, from $1.77B to $2.09B.
What is the long-term trend for Applied Materials's semiconductor systems — operating income (loss)?
Over 4 years (2021 to 2025), Applied Materials's semiconductor systems — operating income (loss) has grown at a 3.1% compound annual growth rate (CAGR), from $6.31B to $7.14B.
What does semiconductor systems — operating income (loss) mean?
This is the profit or loss generated by the Semiconductor Systems segment after deducting operating expenses, including R&D, SG&A, and other segment-specific charges. It represents the true operating performance of the core business unit. It is the primary metric for assessing the segment's contribution to total company profit.

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