Income Statement Research
Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
Snapshot
APPLIED MATERIALS INC /DE's top line, gross profit, operating income, and bottom-line conversion. Values in USD millions.
Revenue
+5.3%Compound growth, FY2021 to FY2025
Gross profit
+6.1%Compound growth, FY2021 to FY2025
Operating Income
+4.7%Compound growth, FY2021 to FY2025
Net income
+4.4%Compound growth, FY2021 to FY2025
Headline results
Four lines, five fiscal years, straight from the filings.
APPLIED MATERIALS INC /DE headline income statement — FY2025
Trend
The same four lines drawn across the window.
All values shown in USD millions unless noted otherwise.
Line items
The full annual income statement layer for APPLIED MATERIALS INC /DE, from revenue down to share counts.
Statement basis
USD millions, except per-share and share-count rows.
APPLIED MATERIALS INC /DE expanded income statement — FY2025
Expanded annual statement lines sourced from the SEC EDGAR database for APPLIED MATERIALS INC /DE.
Margins
How much of APPLIED MATERIALS INC /DE's revenue survives through gross profit, operating income, and net income.
Gross margin
+135 bpsFY2025, versus FY2021
Operating Margin
-65 bpsFY2025, versus FY2021
Net income margin
-86 bpsFY2025, versus FY2021
Observation window
yearsFY2021 through FY2025
Margin table
Side-by-side read of gross, operating and net margin.
APPLIED MATERIALS INC /DE margins — FY2025
Margin trend
The shape of profitability across the window.
Margins are calculated from annual SEC facts using reported revenue as the denominator.
Year on year
Every headline line of APPLIED MATERIALS INC /DE's statement measured against the immediately prior period.
Revenue YoY
FY2024FY2025 versus FY2024
Gross profit YoY
FY2024FY2025 versus FY2024
Op. income YoY
FY2024FY2025 versus FY2024
Net income YoY
FY2024FY2025 versus FY2024
Year-on-year table
Contractions are tinted so slowdowns are obvious.
APPLIED MATERIALS INC /DE year-on-year change — FY2025
Momentum
Whether the business is accelerating or rolling over.
Year-on-year change compares each annual period against the immediately prior year inside the selected window.
Compound growth
Compounded annual growth from FY2021 to FY2025, which filters out one-year noise.
Revenue CAGR
4yrFY2021 to FY2025
Gross profit CAGR
4yrFY2021 to FY2025
Op. income CAGR
4yrFY2021 to FY2025
Net income CAGR
4yrFY2021 to FY2025
Compound rates use the first and last reported year in the window, so a gap in either endpoint suppresses the figure.
Commentary
A written read of the filing-backed figures above. The statement itself remains the source of truth.
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Over the five-year period, Applied Materials Inc. demonstrates steady growth across key financial metrics. Revenue increased from USD 23,063 million in 2021 to USD 28,368 million in 2025, reflecting an overall growth of approximately 23% with an initial jump of nearly 12% from 2021 to 2022 and subsequent smaller, more measured increases of around 2–4% annually. Gross profit followed a similar trend, rising from USD 10,914 million to USD 13,808 million, suggesting a consistent ability to manage production or service costs relative to revenue. Operating income climbed from USD 6,889 million in 2021 to USD 8,289 million in 2025, although the period did see a slight dip from USD 7,788 million in 2022 to USD 7,654 million in 2023 before rebounding. Net income, while largely on an upward trajectory—increasing from USD 5,888 million to a peak of USD 7,177 million in 2024—declined slightly to USD 6,998 million in 2025, hinting at modest pressure on bottom-line efficiency or higher non-operational expenses in the final period. This overall performance is indicative of a stable growth strategy in the competitive semiconductor and technology manufacturing sector, where innovations and operational excellence drive incremental improvements. There are no dramatic year-over-year swings exceeding 20%, which suggests the company has maintained a consistent operating model despite potential market volatility. In summary, Applied Materials Inc. appears to exhibit robust financial health and sustainable performance, supported by steady revenue and profitability gains while moderating operational and net income fluctuations, all of which align with prevailing industry conditions and competitive dynamics.
This analysis is for informational purposes only and does not constitute financial advice or a recommendation for any investment decision. Please consult a qualified financial professional for personalised guidance.
