Applied Materials

AMAT · Information Technology · Market cap $394B

Q2 FY26 Apr 26, 2026 reported May 21, 2026

Revenue$7.9B +11% year over year

Gross profit$3.9B

Operating profit$2.5B

Net profit$2.8B 35% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Apr 26, 2026).
Item	Value	Share of revenue	Year over year
Revenue	7.9	100%	+11%
TW	2.2	28%	+8%
CN	2.1	27%	+18%
KR	1.6	20%	+1%
US	0.9	11%	+16%
JP	0.6	8%	+9%
Europe	0.3	4%	+38%
Southeast Asia	0.2	3%	+37%
Cost of revenue	−4	51%
Gross profit	3.9	50% margin	+1pp
Research & development	−0.6	13%	+0pp
Sales & marketing	−0.2	3%	+0pp
SG&A	−0.4	5%	−1pp
G&A	−0.2	2%	−1pp
Operating profit	2.5	32% margin	+1pp
Tax	−0.4
Net profit	2.8	35%	+5pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Jan 25, 2026).
Item	Value	Share of revenue	Year over year
Revenue	7	100%	−2%
CN	2.1	30%	−7%
TW	1.7	24%	+46%
KR	1.5	21%	−13%
US	0.7	10%	−28%
JP	0.5	7%	−3%
Southeast Asia	0.3	4%	+17%
Europe	0.2	3%	−33%
Cost of revenue	−3.6	51%
Gross profit	3.4	49% margin	+0pp
Research & development	−0.9	13%	+1pp
Sales & marketing	−0.2	3%	+0pp
SG&A	−0.4	6%	−1pp
G&A	−0.2	3%	−1pp
Operating profit	1.8	26% margin	−4pp
Tax	−0.3
Net profit	2	29%	+12pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Oct 26, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.8	100%	−3%
CN	2	29%	−8%
TW	1.8	26%	+43%
KR	1.2	18%	+4%
US	0.7	10%	−43%
Southeast Asia	0.5	7%	+46%
JP	0.4	6%	−23%
Europe	0.2	3%	−46%
Cost of revenue	−3.5	51%
Gross profit	3.3	48% margin	+1pp
Research & development	−1	13%	+1pp
Sales & marketing	−0.2	3%	+0pp
G&A	−0.2	4%	+1pp
Other	−0.2	3%	+0pp
Operating profit	1.7	25% margin	−4pp
Tax	−0.4
Net profit	1.9	28%	+3pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Jul 27, 2025).
Item	Value	Share of revenue	Year over year
Revenue	7.3	100%	+8%
Semiconductor Systems	5.4	74%	+10%
Applied Global Services	1.6	22%	+1%
Display	0.3	4%
Cost of revenue	−3.7	51%
Gross profit	3.6	49% margin	+1pp
Research & development	−0.9	12%	+0pp
Sales & marketing	−0.2	3%	+0pp
G&A	−0.2	3%	+0pp
Operating profit	2.2	31% margin	+2pp
Tax	−0.7
Net profit	1.8	24%	−1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Apr 26, 2026	May 21, 2026	$7.9B	+11%	32%	$2.8B	35%
Q1 FY26	Oct 27, 2025 – Jan 25, 2026	Feb 19, 2026	$7B	−2%	26%	$2B	29%
Q4 FY25	Jul 28 – Oct 26, 2025	Dec 12, 2025	$6.8B	−3%	25%	$1.9B	28%
Q3 FY25	Apr 28 – Jul 27, 2025	Aug 21, 2025	$7.3B	+8%	30%	$1.8B	24%