What is Applied Materials's net income?

Applied Materials (AMAT) reported net income of $2.81B in Q1 2026.

How has Applied Materials's net income changed year-over-year?

Applied Materials's net income increased by 31.3% year-over-year, from $2.14B to $2.81B.

What is the long-term trend for Applied Materials's net income?

Over 4 years (2021 to 2025), Applied Materials's net income has grown at a 4.4% compound annual growth rate (CAGR), from $5.89B to $7B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Applied Materials AMAT Net Income

Net Income at other companies

Veeco InstrumentsVECO

-$324K-103%

KLA CorporationKLAC

$1.2B+10.3%

Onto InnovationONTO

$33.75M-1.3%

Lam ResearchLRCX

$1.83B+37.2%

Benchmark ElectronicsBHE

$13.02M+257%

Axcelis TechnologiesACLS

$9.21M-67.8%

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%

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$530.36B+290%

Enterprise value$536.14B+280%

P/E62.3×+42.2×

P/S18.3×+13.4×

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:NetIncomeLoss.

The official record: Applied Materials’s 10-Q, filed May 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applied Materials's net income?: Applied Materials (AMAT) reported net income of $2.81B in Q1 2026.
How has Applied Materials's net income changed year-over-year?: Applied Materials's net income increased by 31.3% year-over-year, from $2.14B to $2.81B.
What is the long-term trend for Applied Materials's net income?: Over 4 years (2021 to 2025), Applied Materials's net income has grown at a 4.4% compound annual growth rate (CAGR), from $5.89B to $7B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.