Applied Materials, Inc. (AMAT) Margin Analysis

Applied Materials, Inc.

AMAT (NASDAQ)

(%)

Models
Applied Materials, Inc. Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 09	2025 Oct 26	2024 Oct 27	2023 Oct 29	2022 Oct 30
Revenue	28,214	28,368	27,176	26,517	25,785
Revenue Growth Rate	-0.543%	4.39%	2.48%	2.84%	11.8%
Cost of Revenue	14,467	14,560	14,279	14,133	13,792
Gross Profit	13,747	13,808	12,897	12,384	11,993
Gross Margin	48.72%	48.67%	47.46%	46.7%	46.51%
Operating Income	8,210	8,289	7,867	7,654	7,788
Operating Margin	29.1%	29.22%	28.95%	28.86%	30.2%
Net Income	7,839	6,998	7,177	6,856	6,525
Net Margin	27.78%	24.67%	26.41%	25.86%	25.31%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 09	2025 Oct 26	2024 Oct 27	2023 Oct 29	2022 Oct 30
Revenue	28,214	28,368	27,176	26,517	25,785
Cash from Operating Activities	8,719	7,958	8,677	8,700	5,399
Cash from Operating Activities Margin	30.9%	28.05%	31.93%	32.81%	20.94%
Free Cash Flow	6,194	5,698	7,487	7,594	4,612
Free Cash Flow Margin	21.95%	20.09%	27.55%	28.64%	17.89%
Depreciation and Amortization	453	435	392	515	444
Depreciation and Amortization Margin	1.61%	1.53%	1.44%	1.94%	1.72%
Capital Expenditure	-2,525	-2,260	-1,190	-1,106	-787
Capital Expenditure Margin	-8.95%	-7.97%	-4.38%	-4.17%	-3.05%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2022", "x": "2022-10-30", "y": 46.51}, {"l": "2023", "x": "2023-10-29", "y": 46.7}, {"l": "2024", "x": "2024-10-27", "y": 47.46}, {"l": "2025", "x": "2025-10-26", "y": 48.67}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2022", "x": "2022-10-30", "y": 30.2}, {"l": "2023", "x": "2023-10-29", "y": 28.86}, {"l": "2024", "x": "2024-10-27", "y": 28.95}, {"l": "2025", "x": "2025-10-26", "y": 29.22}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2022", "x": "2022-10-30", "y": 25.31}, {"l": "2023", "x": "2023-10-29", "y": 25.86}, {"l": "2024", "x": "2024-10-27", "y": 26.41}, {"l": "2025", "x": "2025-10-26", "y": 24.67}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2022", "x": "2022-10-30", "y": 17.89}, {"l": "2023", "x": "2023-10-29", "y": 28.64}, {"l": "2024", "x": "2024-10-27", "y": 27.55}, {"l": "2025", "x": "2025-10-26", "y": 20.09}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2026 (Q1) Jan 25	2025 (Q4) Oct 26	2025 (Q3) Jul 27	2025 (Q2) Apr 27	2025 (Q1) Jan 26	2024 (Q4) Oct 27
Revenue	7,012	6,800	7,302	7,100	7,166	7,045
Revenue Growth Rate	3.12%	-6.88%	2.84%	-0.921%	1.72%
Cost of Revenue	3,577	3,535	3,740	3,615	3,670	3,710
Gross Profit	3,435	3,265	3,562	3,485	3,496	3,335
Gross Margin	48.99%	48.01%	48.78%	49.08%	48.79%	47.34%
Operating Income	2,096	1,712	2,233	2,169	2,175	2,046
Operating Margin	29.89%	25.18%	30.58%	30.55%	30.35%	29.04%
Net Income	2,026	1,897	1,779	2,137	1,185	1,731
Net Margin	28.89%	27.9%	24.36%	30.1%	16.54%	24.57%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2026 (Q1) Jan 25	2025 (Q4) Oct 26	2025 (Q3) Jul 27	2025 (Q2) Apr 27	2025 (Q1) Jan 26	2024 (Q4) Oct 27
Revenue	7,012	6,800	7,302	7,100	7,166	7,045
Cash from Operating Activities	1,686	2,828	2,634	1,571	925	2,575
Cash from Operating Activities Margin	24.04%	41.59%	36.07%	22.13%	12.91%	36.55%
Free Cash Flow	1,040	2,043	2,050	1,061	544	2,168
Free Cash Flow Margin	14.83%	30.04%	28.07%	14.94%	7.59%	30.77%
Depreciation and Amortization	127	110	113	103	105	110
Depreciation and Amortization Margin	1.81%	1.62%	1.55%	1.45%	1.47%	1.56%
Capital Expenditure	-646	-785	-584	-510	-381	-407
Capital Expenditure Margin	-9.21%	-11.54%	-8%	-7.18%	-5.32%	-5.78%

Quarterly Chart

Monetary values in USD

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