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Operating Income by Segment
Reports profitability at the segment level so investors can see which businesses generate the most operating profit and margin; differences between high‑margin services and more cyclical equipment sales clarify where earnings come from and where margins could expand or contract.Semiconductor Systems operating income has swung from cyclical weakness to a pronounced upshift, driven by AI/DRAM and packaging demand and achieved despite ramp-related cost headwinds; Applied Global Services shows steady, margin-accretive growth reinforcing recurring revenue and cash generation. Display/Other has effectively phased out as a profit contributor, consistent with management modeling Other at a lower, steady level, improving overall margin mix but increasing reliance on a narrower semiconductor portfolio—concentration and China-exposure risks to monitor despite strong near-term momentum.
Date | Semiconductor Systems | Applied Global Services | Display and Adjacent Markets |
|---|---|---|---|
Jun 30, 2026 | $2.66B | $536.00M | $0.00 |
Mar 31, 2026 | $2.09B | $487.00M | $0.00 |
Dec 31, 2025 | $1.43B | $438.00M | $0.00 |
Sep 30, 2025 | $1.53B | $454.00M | $0.00 |
Jun 30, 2025 | $1.97B | $445.00M | $62.00M |
Mar 31, 2025 | $1.90B | $446.00M | $68.00M |
Dec 31, 2024 | $1.99B | $447.00M | $14.00M |
Sep 30, 2024 | $1.82B | $492.00M | $5.00M |
Jun 30, 2024 | $1.71B | $467.00M | $16.00M |
Mar 31, 2024 | $1.70B | $436.00M | $5.00M |