Applied Materials, Inc. (AMAT) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	30.8B	28.4B	27.2B	26.5B	25.8B
Cost of Revenue	15.6B	14.6B	14.3B	14.1B	13.8B
Gross Profit	15.2B	13.8B	12.9B	12.4B	12.0B
Operating Expenses
R&D Expense	4.0B	3.6B	3.2B	3.1B	2.8B
SG&A Expense	1.7B	1.8B	1.8B	1.6B	1.4B
General & Admin Expense	758.0M	910.0M	961.0M	852.0M	735.0M
Selling & Marketing Expense	916.0M	858.0M	836.0M	776.0M	703.0M
Other Expenses	181.0M	181.0M	—	—	—
Total Operating Expenses	5.8B	5.5B	5.0B	4.7B	4.2B
Cost and Expenses	21.4B	20.1B	19.3B	18.9B	18.0B
Operating Income (EBIT)	9.4B	8.3B	7.9B	7.7B	7.8B
Non-Operating
Interest Income	1.3B	—	532.0M	300.0M	39.0M
Interest Expense	277.0M	269.0M	247.0M	238.0M	228.0M
Net Interest Income	1.1B	(269.0M)	285.0M	62.0M	(189.0M)
Other Non-Op Income/Expense	1.3B	982.0M	285.0M	62.0M	(189.0M)
Non-Operating Income (excl Interest)	(1.6B)	(1.3B)	(532.0M)	(300.0M)	(39.0M)
EBT (Pre-Tax Income)	10.7B	9.3B	8.2B	7.7B	7.6B
Income Tax Expense	1.5B	2.3B	975.0M	860.0M	1.1B
Bottom Line
Net Income	9.3B	7.0B	7.2B	6.9B	6.5B
Earnings from Cont. Ops	9.3B	7.0B	7.2B	6.9B	6.5B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	9.3B	7.0B	7.2B	6.9B	6.5B
Per Share
Basic EPS	$11.67	$8.71	$8.68	$8.16	$7.49
Diluted EPS	$11.60	$8.66	$8.61	$8.11	$7.44
Revenue Per Share	$38.84	$35.28	$32.86	$31.57	$29.60
Shares
Basic Shares Outstanding	794.0M	804.0M	827.0M	840.0M	871.0M
Diluted Shares Outstanding	800.0M	808.0M	834.0M	845.0M	877.0M
Profitability Metrics
EBITDA	11.4B	9.7B	8.8B	8.5B	8.3B
D&A	372.0M	110.0M	392.0M	515.0M	444.0M
EBIT	11.0B	9.5B	8.4B	8.0B	7.8B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jul 1, 2026