Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

Income Statement 
Quarterly Data

Applied Materials Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Apr 27, 2025 Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019 Jan 27, 2019
Net revenue 7,100 7,166 7,045 6,778 6,646 6,707 6,723 6,425 6,630 6,739 6,749 6,520 6,245 6,271 6,123 6,196 5,582 5,162 4,688 4,395 3,957 4,162 3,754 3,562 3,539 3,753
Cost of products sold (3,615) (3,670) (3,710) (3,573) (3,493) (3,503) (3,554) (3,449) (3,536) (3,594) (3,648) (3,514) (3,318) (3,312) (3,178) (3,229) (2,929) (2,813) (2,558) (2,440) (2,208) (2,304) (2,120) (2,005) (2,009) (2,088)
Gross profit 3,485 3,496 3,335 3,205 3,153 3,204 3,169 2,976 3,094 3,145 3,101 3,006 2,927 2,959 2,945 2,967 2,653 2,349 2,130 1,955 1,749 1,858 1,634 1,557 1,530 1,665
Research, development and engineering (893) (859) (858) (836) (785) (754) (789) (767) (775) (771) (726) (705) (686) (654) (622) (640) (617) (606) (560) (572) (550) (552) (515) (515) (508) (516)
Marketing and selling (216) (206) (215) (205) (209) (207) (192) (193) (194) (197) (183) (180) (173) (167) (155) (159) (148) (147) (131) (130) (130) (135) (129) (128) (133) (131)
General and administrative (207) (256) (216) (222) (247) (276) (217) (214) (214) (207) (198) (197) (174) (166) (155) (155) (149) (161) (156) (145) (137) (129) (126) (112) (113) (110)
Severance and related charges 4 1 (6) (152)
Deal termination fee (154)
Operating expenses (1,316) (1,321) (1,289) (1,263) (1,241) (1,237) (1,198) (1,174) (1,183) (1,175) (1,107) (1,082) (1,033) (983) (931) (954) (1,074) (1,066) (847) (847) (817) (816) (770) (755) (754) (757)
Income from operations 2,169 2,175 2,046 1,942 1,912 1,967 1,971 1,802 1,911 1,970 1,994 1,924 1,894 1,976 2,014 2,013 1,579 1,283 1,283 1,108 932 1,042 864 802 776 908
Interest expense (68) (64) (66) (63) (59) (59) (58) (60) (61) (59) (57) (56) (58) (57) (57) (57) (61) (61) (59) (61) (61) (59) (59) (58) (60) (60)
Interest and other income (expense), net 221 8 (85) 81 141 395 259 64 (73) 50 12 (7) 28 6 49 24 27 18 19 (7) 7 22 35 38 43 40
Income before income taxes 2,322 2,119 1,895 1,960 1,994 2,303 2,172 1,806 1,777 1,961 1,949 1,861 1,864 1,925 2,006 1,980 1,545 1,240 1,243 1,040 878 1,005 840 782 759 888
Provision for income taxes (185) (934) (164) (255) (272) (284) (168) (246) (202) (244) (358) (255) (328) (133) (294) (264) (215) (110) (112) (199) (123) (113) (142) (211) (93) (117)
Net income 2,137 1,185 1,731 1,705 1,722 2,019 2,004 1,560 1,575 1,717 1,591 1,606 1,536 1,792 1,712 1,716 1,330 1,130 1,131 841 755 892 698 571 666 771

Based on: 10-Q (reporting date: 2025-04-27), 10-Q (reporting date: 2025-01-26), 10-K (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-Q (reporting date: 2024-01-28), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-Q (reporting date: 2020-01-26), 10-K (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-Q (reporting date: 2019-01-27).