Applied Materials income statement

In fiscal 2025, Applied Materials reported revenue of $28.37bn, up 4.4% on the year before, operating income of $8.29bn (a 29.2% margin) and net income of $7.00bn, or $8.66 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Applied Materials: income statement, annual
Fiscal year	2009Oct 2009	2010Oct 2010	2011Oct 2011	2012Oct 2012	2013Oct 2013	2014Oct 2014	2015Oct 2015	2016Oct 2016	2017Oct 2017	2018Oct 2018	2019Oct 2019	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Oct 2025	LTMJul 2026
Revenue	5.0	9.5	10.5	8.7	7.5	9.1	9.7	10.8	14.7	16.7	14.6	17.2	23.1	25.8	26.5	27.2	28.4	30.8
Cost of revenue	3.6	5.8	6.2	5.4	4.5	5.2	5.7	6.3	8.1	9.2	8.2	9.5	12.1	13.8	14.1	14.3	14.6	15.6
Gross profit	1.4	3.7	4.4	3.3	3.0	3.8	4.0	4.5	6.6	7.5	6.4	7.7	10.9	12.0	12.4	12.9	13.8	15.2
Research and development	0.9	1.1	1.1	1.2	1.3	1.4	1.5	1.5	1.8	2.0	2.1	2.2	2.5	2.8	3.1	3.2	3.6	4.0
Selling, general and administrative	0.7	0.9	0.9	1.1	—	—	—	—	—	—	—	—	—	—	1.6	1.8	1.8	1.7
Selling and marketing	—	—	—	—	0.4	0.4	0.4	0.4	0.5	0.5	0.5	0.5	0.6	0.7	—	—	—	—
General and administrative	—	—	—	—	0.5	0.5	0.5	0.4	0.4	0.5	0.5	0.6	0.6	0.7	—	—	—	—
Operating income	−0.4	1.4	2.4	0.4	0.4	1.5	1.7	2.2	3.9	4.5	3.4	4.4	6.9	7.8	7.7	7.9	8.3	9.1
Interest expense	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.3	0.3
Income before tax	−0.5	1.4	2.4	0.3	0.4	1.4	1.6	2.0	3.8	4.4	3.3	4.2	6.8	7.6	7.7	8.2	9.3	10.7
Income tax	−0.2	0.4	0.5	0.2	0.1	0.4	0.2	0.3	0.3	1.4	0.6	0.5	0.9	1.1	0.9	1.0	2.3	1.5
Net income	−0.3	0.9	1.9	0.1	0.3	1.1	1.4	1.7	3.5	3.0	2.7	3.6	5.9	6.5	6.9	7.2	7.0	9.3
Diluted EPS	−$0.23	$0.70	$1.45	$0.09	$0.21	$0.87	$1.12	$1.54	$3.25	$2.96	$2.86	$3.92	$6.40	$7.44	$8.11	$8.61	$8.66	$11.59
Diluted shares (average)	1,333m	1,349m	1,330m	1,277m	1,219m	1,231m	1,226m	1,116m	1,084m	1,026m	945m	923m	919m	877m	845m	834m	808m	799m
EBITDA	−0.1	1.7	2.6	0.8	0.8	1.9	2.1	2.5	4.3	4.9	3.7	4.7	7.3	8.2	8.2	8.3	8.7	9.7

US$ millions unless shown otherwise. Fiscal quarters.

Applied Materials: income statement, quarterly
Quarter	2024 Q4Oct 2024	2025 Q1Jan 2025	2025 Q2Apr 2025	2025 Q3Jul 2025	2025 Q4Oct 2025	2026 Q1Jan 2026	2026 Q2Apr 2026	2026 Q3Jul 2026
Revenue	7,045	7,166	7,100	7,302	6,800	7,012	7,910	9,115
Cost of revenue	3,710	3,670	3,615	3,740	3,535	3,577	3,963	4,529
Gross profit	3,335	3,496	3,485	3,562	3,265	3,435	3,947	4,586
Research and development	858	859	893	901	917	928	1,027	1,100
Selling, general and administrative	—	462	423	428	455	411	397	411
Selling and marketing	215	—	—	—	—	—	—	—
General and administrative	216	—	—	—	—	—	—	—
Operating income	2,046	2,175	2,169	2,233	1,712	1,831	2,523	3,075
Interest expense	66	64	68	66	71	69	69	68
Income before tax	1,895	2,119	2,322	2,563	2,267	2,328	3,225	2,907
Income tax	164	934	185	784	370	302	419	369
Net income	1,731	1,185	2,137	1,779	1,897	2,026	2,806	2,538
Diluted EPS	$2.09	$1.45	$2.63	$2.22	$2.37	$2.54	$3.51	$3.17
EBITDA	2,156	2,280	2,272	2,346	1,826	1,958	2,658	3,226

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Applied Materials's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Applied Materials.