Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

$24.99

Statement of Comprehensive Income

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Applied Materials Inc., consolidated statement of comprehensive income

US$ in millions

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12 months ended: Oct 26, 2025 Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020
Net income
Change in unrealized gain (loss) on available-for-sale investments
Change in unrealized net gain (loss) on derivative instruments
Change in defined and postretirement benefit plans
Other comprehensive income (loss), net of tax
Comprehensive income

Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).


The financial data reveals a generally positive trend in net income over the observed periods, with an increase from 3,619 million US dollars in 2020 to a peak of 7,177 million US dollars in 2024, followed by a slight decline to 6,998 million US dollars in 2025. This indicates a strong growth in profitability overall, although the recent decrease warrants attention for potential underlying causes.

Unrealized Gains and Losses on Investments
The change in unrealized gains or losses on available-for-sale investments fluctuates sporadically, with values swinging from positive 9 million in 2020 to negative 74 million in 2022, then back to positive 43 million in 2024 before slightly declining to 18 million in 2025. This volatility suggests sensitivity to market conditions or investment portfolio adjustments affecting unrealized gains.
Unrealized Gains and Losses on Derivative Instruments
Derivatives show more variability, with a loss of 117 million in 2020 preceding gains of 30 million in 2021 and 51 million in 2022, followed by a loss of 66 million in 2023, then a return to gains in the last two years. This pattern reflects potentially increased exposure to or fluctuations in derivative positions, contributing to earnings volatility.
Changes in Defined and Postretirement Benefit Plans
Changes in this category show positive values in 2021 through 2023, peaking at 81 million in 2022, but then declining to negative values in the most recent two years (-25 million and -13 million). This reversal could relate to alterations in benefit obligations or actuarial assumptions impacting comprehensive income.
Other Comprehensive Income (Loss), Net of Tax
This line exhibits moderate fluctuations, starting with a loss of 119 million in 2020, turning positive in subsequent years, but dipping again in 2023 before recovering. The variability indicates the presence of other elements influencing comprehensive income apart from net income and the specific investment or derivative changes.
Comprehensive Income
Comprehensive income broadly follows net income trends, rising from 3,500 million in 2020 to a high of 7,226 million in 2024, then slightly decreasing to 7,056 million in 2025. The close alignment suggests that net income remains the dominant component in comprehensive income, with other elements causing minor adjustments.

Overall, the data points to sustained profitability growth over the five-year span, supported by largely positive comprehensive income. However, the fluctuations in unrealized gains/losses and postretirement benefit plan effects contribute to some volatility in reported comprehensive results. Monitoring these volatile components may be essential for understanding future earnings stability and potential risk exposures.