What is Applied Materials's semiconductor systems — SG&A?

Applied Materials (AMAT) reported semiconductor systems — SG&A of $307M in Q1 2026.

How has Applied Materials's semiconductor systems — SG&A changed year-over-year?

Applied Materials's semiconductor systems — SG&A decreased by 11.0% year-over-year, from $345M to $307M.

What does semiconductor systems — SG&A mean?

This includes the operating expenses related to selling, marketing, and general administrative support for the Semiconductor Systems segment. It captures the overhead costs required to support the sales force and corporate functions associated with this business unit. It is a key measure of operational efficiency.

Applied Materials (AMAT) Semiconductor Systems — SG&A

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Other segment segments

Applied Global Services

$70M-12.5%

Similar metrics at other companies

KLACSemiconductor Process Control — SG&A

$237.41M+14.7%

KLACSpecialty Semiconductor Process — SG&A

$12.51M+15.2%

TDYEngineered Systems — SG&A

$6.4M+1.6%

NVTSystems Protection — SG&A

$90.2M+31.7%

LENCentral — SG&A

$148.21M-2.7%

LENEast — SG&A

$162.77M+0.4%

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:SellingGeneralAndAdministrativeExpense.

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, 2026	Semiconductor Systems / (In millions, except percentages)	Applied Global Services / (In millions, except percentages)	Other / (In millions, except percentages)	Total
Gross margin	54.7%	34.7%		49.9%
Operating expenses:
Research, development and engineering	865	20	142	1,027
Selling, general and administrative	307	70	20	397
Operating income (loss)	$2,092	$487	$(56)	$2,523
Operating margin	35.1%	29.2%		31.9%
Depreciation and amortization	$101	$16	$18	$135
Capital expenditures	$120	$14	$501	$635

Item 1. Financial Statements (Unaudited)

FAQ

What is Applied Materials's semiconductor systems — SG&A?: Applied Materials (AMAT) reported semiconductor systems — SG&A of $307M in Q1 2026.
How has Applied Materials's semiconductor systems — SG&A changed year-over-year?: Applied Materials's semiconductor systems — SG&A decreased by 11.0% year-over-year, from $345M to $307M.
What does semiconductor systems — SG&A mean?: This includes the operating expenses related to selling, marketing, and general administrative support for the Semiconductor Systems segment. It captures the overhead costs required to support the sales force and corporate functions associated with this business unit. It is a key measure of operational efficiency.