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Applied Materials AMAT Operating margin

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Axcelis TechnologiesACLS
11.6%-7.5pp

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$403.07B+175%
Enterprise value$408.84B+169%
P/E47.4×+25.9×
P/S13.9×+8.8×

Profitability

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Gross margin49%+0.8pp
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

Calculated from Applied Materials’s reported figures.

Based on trailing twelve months.

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

Filed
May 21, 2026, 4:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-037227

FAQ

What is Applied Materials's operating margin?
Applied Materials (AMAT) reported operating margin of 28.6% in Q1 2026.
How has Applied Materials's operating margin changed year-over-year?
Applied Materials's operating margin decreased by 3.6% year-over-year, from 29.7% to 28.6%.
What is the long-term trend for Applied Materials's operating margin?
Over 5 years (2020 to 2025), Applied Materials's operating margin has grown at a 2.9% compound annual growth rate (CAGR), from 25.4% to 29.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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