APPLIED MATERIALS INC /DE (AMAT) FY2026 Q1 P&L / Income Statement

APPLIED MATERIALS INC /DE (AMAT) FY2026 Q1 P&L / Income Statement

Income statement for 2025-10-27 through 2026-01-25. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

7,012,000,000 US dollars

Cost of products sold

3,577,000,000 US dollars

Gross profit

3,435,000,000 US dollars

Total operating expenses

1,604,000,000 US dollars

Income from operations

1,831,000,000 US dollars

Other income (expense), net (calculated)

497,000,000 US dollars

Income before income taxes

2,328,000,000 US dollars

Provision for income taxes

302,000,000 US dollars

Net income

2,026,000,000 US dollars

Semiconductor Systems

5,141,000,000 US dollars

Applied Global Services

1,559,000,000 US dollars

Research, development and engineering

928,000,000 US dollars

Marketing and selling

222,000,000 US dollars

General and administrative

189,000,000 US dollars

Legal settlement

253,000,000 US dollars

Restructuring charges

12,000,000 US dollars

Revenue before reconciliation (calculated)

6,700,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Other

312,000,000 US dollars. Reported reconciliation to consolidated revenue.

Semiconductor Systems costs (calculated)

3,714,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Applied Global Services costs (calculated)

1,121,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Reconciling items (calculated)

346,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.