Applied Materials, Inc. (AMAT) — Financial statements
Income statement, balance sheet, and cash flow for Applied Materials, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 28,368↑4.4% | 27,176↑2.5% | 26,517↑2.8% | 25,785↑11.8% | 23,063 | |
| Cost of Revenue | 14,560↑2.0% | 14,279↑1.0% | 14,133↑2.5% | 13,792↑13.5% | 12,149 | |
| Gross Profit | 13,808↑7.1% | 12,897↑4.1% | 12,384↑3.3% | 11,993↑9.9% | 10,914 | |
| Operating Expenses | ||||||
| R&D Expenses | 3,570↑10.4% | 3,233↑4.2% | 3,102↑11.9% | 2,771↑11.5% | 2,485 | |
| General & Administrative Expenses | 910↓5.3% | 961↑12.8% | 852↑15.9% | 735↑18.5% | 620 | |
| Selling & Marketing Expenses | 858↑2.6% | 836↑7.7% | 776↑10.4% | 703↑15.4% | 609 | |
| SG&A Expenses | 1,768↓1.6% | 1,797↑10.4% | 1,628↑13.2% | 1,438↑17.0% | 1,229 | |
| Other Expenses | 181 | 0.00 | 0.00 | 0.00↓100.0% | 311 | |
| Operating Expenses | 5,519↑9.7% | 5,030↑6.3% | 4,730↑12.4% | 4,209↑4.6% | 4,025 | |
| Total Costs & Expenses | 20,079↑4.0% | 19,309↑2.4% | 18,863↑4.8% | 17,997↑11.3% | 16,174 | |
| Operating Results | ||||||
| Operating Income | 8,289↑5.4% | 7,867↑2.8% | 7,654↓1.7% | 7,788↑13.0% | 6,889 | |
| Depreciation & Amortization | 110↓71.9% | 392↓23.9% | 515↑16.0% | 444↑12.7% | 394 | |
| EBITDA | 9,650↑9.8% | 8,791↑4.0% | 8,456↑2.4% | 8,258↑11.8% | 7,388 | |
| EBIT | 9,540↑13.6% | 8,399↑5.6% | 7,954↑1.6% | 7,827↑11.7% | 7,007 | |
| Interest & Other Income | ||||||
| Net Interest Income | -269↓194.4% | 285↑359.7% | 62↑132.8% | -189↓60.2% | -118 | |
| Interest Income | 0.00↓100.0% | 532↑77.3% | 300↑669.2% | 39↓66.9% | 118 | |
| Interest Expense | 269↑8.9% | 247↑3.8% | 238↑4.4% | 228↓3.4% | 236 | |
| Non-Operating Income | -1,251↓135.2% | -532↓77.3% | -300↓669.2% | -39↑66.9% | -118 | |
| Other Income / Expenses | 982↑244.6% | 285↑359.7% | 62↑132.8% | -189↓60.2% | -118 | |
| Income Before Tax | 9,271↑13.7% | 8,152↑5.7% | 7,716↑1.5% | 7,599↑12.2% | 6,771 | |
| Income Tax Expense | 2,273↑133.1% | 975↑13.4% | 860↓19.9% | 1,074↑21.6% | 883 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 6,998↓2.5% | 7,177↑4.7% | 6,856↑5.1% | 6,525↑10.8% | 5,888 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 6,998↓2.5% | 7,177↑4.7% | 6,856↑5.1% | 6,525↑10.8% | 5,888 | |
| Bottom-Line Net Income | 6,998↓2.5% | 7,177↑4.7% | 6,856↑5.1% | 6,525↑10.8% | 5,888 | |
| EPS (Basic) | 8.71↑0.3% | 8.68↑6.4% | 8.16↑8.9% | 7.49↑15.8% | 6.47 | |
| EPS (Diluted) | 8.66↑0.6% | 8.61↑6.2% | 8.11↑9.0% | 7.44↑16.3% | 6.40 | |
| Weighted Average Shares | 804↓2.8% | 827↓1.5% | 840↓3.6% | 871↓4.3% | 910 | |
| Weighted Average Diluted Shares | 808↓3.1% | 834↓1.3% | 845↓3.6% | 877↓4.6% | 919 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.