Applied Materials Inc. (NASDAQ:AMAT)

The analysis of the financial performance over the presented periods reveals fluctuating trends in income from operations, net revenue, and operating profit margin.

Income (loss) from operations

The income from operations demonstrated considerable variability over the years. Initially, there was a general upward trend from approximately 1,448 million USD to about 2,372 million USD within the first three years. However, this was followed by a significant downturn resulting in an operating loss of 394 million USD in 2009. Subsequently, the income recovered and exhibited a mostly upward trajectory, reaching a peak of 7,788 million USD in 2022. Despite minor declines in the later years, the operational income remained robust, ending at 8,289 million USD in 2025.

Net revenue

Net revenue also showed fluctuating patterns with some volatility. There was a marked increase from nearly 7,000 million USD in 2005 to a peak of approximately 10,517 million USD in 2011. After a drop to around 7,509 million USD in 2013, the revenue resumed growth, reaching over 28,000 million USD in 2025. This highlights a long-term growth trend despite periodic declines.

Operating profit margin

The operating profit margin generally maintained a positive trend with some considerable fluctuations. From 20.71% in 2005, it increased to a high above 24% in 2007 before plunging to a negative margin of –7.85% in 2009, correlating with the operating loss noted for that year. Thereafter, margins steadily improved, surpassing 29% in multiple recent years, indicating improved operational efficiency and profitability. Margins stabilized around 29% toward the end of the period.

Overall, the data indicate that the company experienced cyclical fluctuations particularly influenced by the 2008-2009 financial crisis, reflected in both revenue and profitability metrics. However, post-crisis recovery has shown a strong upward movement in both revenues and earnings from operations, accompanied by improved operating margins. These trends suggest enhanced financial health and operational effectiveness in recent years, with resilience and growth as key features of the later period.