Applied Materials Income Statement

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

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 25, 2026	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	28,214	28,368	27,176	26,517	25,785	23,063
Revenue Growth (YoY)	2.10%	4.39%	2.48%	2.84%	11.80%	34.07%
Cost of Revenue	14,467	14,560	14,279	14,133	13,792	12,149
Gross Profit	13,747	13,808	12,897	12,384	11,993	10,914
Selling, General & Admin	1,717	1,768	1,797	1,628	1,438	1,229
Research & Development	3,639	3,570	3,233	3,102	2,771	2,485
Other Operating Expenses	446	181	-	-	-4	311
Total Operating Expenses	5,802	5,519	5,030	4,730	4,205	4,025
Operating Income	7,945	8,289	7,867	7,654	7,788	6,889
Interest Income	1,809	1,251	532	300	39	118
Interest Expense	-274	-269	-247	-238	-228	-236
Total Non-Operating Income (Expense)	1,535	982	285	62	-189	-118
Pretax Income	9,480	9,271	8,152	7,716	7,599	6,771
Provision for Income Taxes	1,641	2,273	975	860	1,074	883
Net Income	7,839	6,998	7,177	6,856	6,525	5,888
Net Income to Common	7,839	6,998	7,177	6,856	6,525	5,888
Net Income Growth	23.59%	-2.49%	4.68%	5.07%	10.82%	62.70%
Shares Outstanding (Basic)	799	804	827	840	871	910
Shares Outstanding (Diluted)	803	808	834	845	877	919
Shares Change (YoY)	-3.17%	-3.12%	-1.30%	-3.65%	-4.57%	-0.43%
EPS (Basic)	9.81	8.71	8.68	8.16	7.49	6.47
EPS (Diluted)	9.77	8.66	8.61	8.11	7.44	6.40
EPS Growth	27.71%	0.58%	6.17%	9.01%	16.25%	63.27%
Shares Outstanding	793	793	818	833	844	892
Free Cash Flow	6,194	5,698	7,487	7,594	4,612	4,774
Free Cash Flow Growth	8.71%	-23.89%	-1.41%	64.66%	-3.39%	41.16%
Free Cash Flow Per Share	7.72	7.05	8.98	8.99	5.26	5.19
Dividends Per Share	1.840	1.780	1.520	1.220	1.020	0.940
Dividend Growth	3.37%	17.11%	24.59%	19.61%	8.51%	8.05%
Gross Margin	48.72%	48.67%	47.46%	46.70%	46.51%	47.32%
Operating Margin	28.16%	29.22%	28.95%	28.86%	30.20%	29.87%
Profit Margin	27.78%	24.67%	26.41%	25.86%	25.31%	25.53%
FCF Margin	21.95%	20.09%	27.55%	28.64%	17.89%	20.70%
EBITDA	8,402	8,724	8,259	8,169	8,232	7,283
EBITDA Margin	29.78%	30.75%	30.39%	30.81%	31.93%	31.58%
EBIT	7,945	8,289	7,867	7,654	7,788	6,889
EBIT Margin	28.16%	29.22%	28.95%	28.86%	30.20%	29.87%
Effective Tax Rate	17.31%	24.52%	11.96%	11.15%	14.13%	13.04%

Updated Feb 19, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q