Flagship explainer

How APPLIED MATERIALS INC /DE makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$28.4B · 100%Cost of revenue$14.6B · 51%Gross profit$13.8B · 49%Operating income$8.3B · 29%Income before tax$9.3B · 33%Income tax$2.3B · 8%Net income$7.0B · 25%As of 2025-10-26 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$28.4B100%
Cost of revenue$14.6B51%
$13.8B49%
$8.3B29%
Income before tax$9.3B33%
Income tax$2.3B8%
$7.0B25%
Source: · event Oct 26, 2025 · retrieved Jul 26, 2026 · annual-row source set
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AMAT income explainer — Buy Like Buffett · Buy Like Buffett