Filing Flows › Applied Materials (AMAT) › Q2 FY26 › vs Q2 FY25
Applied Materials (AMAT) Q2 FY26 vs Q2 FY25 (year over year)
Applied Materials's revenue rose $810M (+11%) from $7.1B in Q2 FY25 to $7.9B in Q2 FY26. Gross margin 49.9% against 49.1% (+0.8 pts).
Applied Materials, Q2 FY26: revenue $7.9B (+11% year over year), operating margin 31.9%, net earnings $2.8B, operating cash flow $845M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 49.9% | 49.1% | +0.8 pts |
| Operating margin | 31.9% | 30.5% | +1.3 pts |
| Net margin | 35.5% | 30.1% | +5.4 pts |
| Free cash flow margin | 2.7% | 14.9% | -12.3 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $7.9B | $7.1B | $810M | +11% |
| Gross profit | $3.9B | $3.5B | $462M | +13% |
| Cost of revenue | $4.0B | $3.6B | $348M | +10% |
| Other income, net | $702M | $153M | $549M | +359% |
| Operating profit | $2.5B | $2.2B | $354M | +16% |
| Operating expenses | $1.4B | $1.3B | $108M | +8% |
| Pre-tax earnings | $3.2B | $2.3B | $903M | +39% |
| Research & development | $1.0B | $893M | $134M | +15% |
| Sales & marketing | $233M | $216M | $17.0M | +8% |
| General & admin | $164M | $207M | −$43.0M | -21% |
| Net earnings | $2.8B | $2.1B | $669M | +31% |
| Income tax | $419M | $185M | $234M | +126% |
| Depreciation & amortization | $135M | $103M | $32.0M | +31% |
| Share-based compensation | $169M | $159M | $10.0M | +6% |
| Working capital & other | $2.3B | $828M | $1.4B | +174% |
| Operating cash flow | $845M | $1.6B | −$726M | -46% |
| Free cash flow (company-reported) | $210M | $1.1B | −$851M | -80% |
| Capital expenditures | $635M | $510M | $125M | +25% |
Questions
How much did Applied Materials's revenue grow year over year in Q2 FY26?
Applied Materials's revenue rose $810M (+11%) from $7.1B in Q2 FY25 to $7.9B in Q2 FY26. Gross margin 49.9% against 49.1% (+0.8 pts).