What is Applied Materials's operating income?

Applied Materials (AMAT) reported operating income of $2.52B in Q1 2026.

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

Applied Materials's operating income increased by 16.3% year-over-year, from $2.17B to $2.52B.

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

Over 4 years (2021 to 2025), Applied Materials's operating income has grown at a 4.7% compound annual growth rate (CAGR), from $6.89B to $8.29B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Applied Materials AMAT Operating Income

Operating Income at other companies

Veeco InstrumentsVECO

-$2.66M-119%

Onto InnovationONTO

$33.51M-46.9%

Lam ResearchLRCX

$2.05B+31.1%

Benchmark ElectronicsBHE

$21.87M+86.0%

Axcelis TechnologiesACLS

$7.95M-72.7%

PDF SolutionsPDFS

$6.31M+278%

Segments

By segment

See full

Semiconductor Systems$1.82B+4.8%

Applied Global Services$492M+22.7%

Other financials

Income statement

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Revenue$7.9B+11.4%

Gross profit$3.9B+13.3%

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$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:OperatingIncomeLoss.

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 operating income?: Applied Materials (AMAT) reported operating income of $2.52B in Q1 2026.
How has Applied Materials's operating income changed year-over-year?: Applied Materials's operating income increased by 16.3% year-over-year, from $2.17B to $2.52B.
What is the long-term trend for Applied Materials's operating income?: Over 4 years (2021 to 2025), Applied Materials's operating income has grown at a 4.7% compound annual growth rate (CAGR), from $6.89B to $8.29B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.