Applied Materials Income Statement

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 26, 2025	Oct '24 Oct 27, 2024	Oct '23 Oct 29, 2023	Oct '22 Oct 30, 2022	Oct '21 Oct 31, 2021
Revenue	28,368	27,176	26,517	25,785	23,063
Revenue Growth (YoY)	4.39%	2.48%	2.84%	11.80%	34.07%
Cost of Revenue	14,560	14,279	14,133	13,792	12,149
Gross Profit	13,808	12,897	12,384	11,993	10,914
Selling, General & Admin	1,727	1,797	1,628	1,438	1,229
Research & Development	3,570	3,233	3,102	2,771	2,485
Operating Expenses	5,297	5,030	4,730	4,209	3,714
Operating Income	8,511	7,867	7,654	7,784	7,200
Interest Expense	-269	-247	-238	-228	-236
Interest & Investment Income	430	512	273	32	-
Currency Exchange Gain (Loss)	-	-	-	-	29
Other Non Operating Income (Expenses)	-	-	-	-	-10
EBT Excluding Unusual Items	8,672	8,132	7,689	7,588	6,983
Merger & Restructuring Charges	-181	-	-	4	-157
Impairment of Goodwill	-41	-	-	-	-
Gain (Loss) on Sale of Investments	821	20	27	7	99
Other Unusual Items	-	-	-	-	-154
Pretax Income	9,271	8,152	7,716	7,599	6,771
Income Tax Expense	2,273	975	860	1,074	883
Net Income	6,998	7,177	6,856	6,525	5,888
Net Income to Common	6,998	7,177	6,856	6,525	5,888
Net Income Growth	-2.49%	4.68%	5.07%	10.82%	62.70%
Shares Outstanding (Basic)	804	827	840	871	910
Shares Outstanding (Diluted)	808	834	845	877	919
Shares Change (YoY)	-3.12%	-1.30%	-3.65%	-4.57%	-0.43%
EPS (Basic)	8.70	8.68	8.16	7.49	6.47
EPS (Diluted)	8.66	8.61	8.11	7.44	6.40
EPS Growth	0.58%	6.17%	9.01%	16.25%	63.27%
Free Cash Flow	5,698	7,487	7,594	4,612	4,774
Free Cash Flow Per Share	7.05	8.98	8.99	5.26	5.20
Dividend Per Share	1.780	1.520	1.220	1.020	0.940
Dividend Growth	17.11%	24.59%	19.61%	8.51%	8.05%
Gross Margin	48.68%	47.46%	46.70%	46.51%	47.32%
Operating Margin	30.00%	28.95%	28.87%	30.19%	31.22%
Profit Margin	24.67%	26.41%	25.86%	25.30%	25.53%
Free Cash Flow Margin	20.09%	27.55%	28.64%	17.89%	20.70%
EBITDA	8,946	8,259	8,169	8,228	7,594
EBITDA Margin	31.54%	30.39%	30.81%	31.91%	32.93%
D&A For EBITDA	435	392	515	444	394
EBIT	8,511	7,867	7,654	7,784	7,200
EBIT Margin	30.00%	28.95%	28.87%	30.19%	31.22%
Effective Tax Rate	24.52%	11.96%	11.15%	14.13%	13.04%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.