Applied Materials, Inc. (AMAT) Financial Statements

Applied Materials, Inc.

AMAT · NASDAQ-GS

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$28.37B	$27.18B	$26.52B	$25.79B	$23.06B	$17.20B	$14.61B	$16.70B
Cost of Revenue	$14.56B	$14.28B	$14.13B	$13.79B	$12.15B	$9.51B	$8.22B	$9.19B
Gross Profit	$13.81B	$12.90B	$12.38B	$11.99B	$10.91B	$7.69B	$6.39B	$7.52B
Research & Development	$3.57B	$3.23B	$3.10B	$2.77B	$2.48B	$2.23B	$2.05B	$2.02B
Selling, General & Administrative	$1.77B	$1.80B	$1.63B	$735.00M	$620.00M	$567.00M	$461.00M	$483.00M
Operating Expenses	$5.52B	$5.03B	$4.73B	$4.21B	$4.03B	$3.33B	$3.04B	$3.03B
Operating Income	$8.29B	$7.87B	$7.65B	$7.79B	$6.89B	$4.37B	$3.35B	$4.49B
Interest Expense	—	—	$238.00M	$228.00M	$236.00M	$240.00M	$237.00M	$234.00M
Other Income / (Expense)	$1.25B	$532.00M	$300.00M	$39.00M	$118.00M	$41.00M	$156.00M	$139.00M
Income Before Taxes	$9.27B	$8.15B	$7.72B	$7.60B	$6.77B	$4.17B	$3.27B	$4.40B
Provision for Income Taxes	$2.27B	$975.00M	$860.00M	$1.07B	$883.00M	$547.00M	$563.00M	$1.36B
Net Income	$7.00B	$7.18B	$6.86B	$6.53B	$5.89B	$3.62B	$2.71B	$3.04B
Basic EPS	$8.71	$8.68	$8.16	$7.49	$6.47	$3.95	$2.89	$3.00
Diluted EPS	$8.66	$8.61	$8.11	$7.44	$6.40	$3.92	$2.86	$2.96
Basic Shares Outstanding	804.00M	827.00M	840.00M	871.00M	910.00M	916.00M	937.00M	1.01B
Diluted Shares Outstanding	808.00M	834.00M	845.00M	877.00M	919.00M	923.00M	945.00M	1.03B

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Oct 2026	$12.14	$11.51	$12.51	13	↑4 ↓0
Oct 2027	$16.25	$12.48	$18.84	12	↑4 ↓0
Oct 2028	$21.40	$17.95	$24.45	4	↑3 ↓0
Oct 2029	$23.80	$23.80	$23.80	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: AMAT
Type: Stock
Sector: Technology
Industry: Semiconductors
Country: North America
Exchange: NASDAQ-GS

Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world.

Key Issues

Bullish view

Rising semiconductor capital expenditure and Bank of America’s bullish cloud-spending outlook support continued investment in advanced chips, packaging, and manufacturing capacity, which could benefit Applied Materials’ equipment demand.

Bearish view

The supplied evidence highlights industry-wide AI enthusiasm rather than new Applied Materials orders or guidance, while chip stocks remain exposed to market volatility and demand expectations could already be reflected in the share price.

Analyst Consensus

See all

Buy

29 analysts

$541

Current

$370

Low

$646

Average

$370

High

Average target implies +19.38% versus the current price.

Earnings History

BeatMissNo estimate

Peers

Intel CorporationINTC · NASDAQ-GS