AMAT Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-10-29), AMAT reported revenue of $6.7B, gross profit of $3.2B (47.1% gross margin), operating income of $2.0B, and net income of $2.0B (29.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AMAT was profitable; revenue grew 4.6% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +4.6% | +28.5% | +5.5 pp |
Consensus estimate data is not available for this report.
AMAT Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $6.7B | 100% |
| Cost of Revenue | −$3.6B | 52.9% |
| Gross Profit | $3.2B | 47.1% |
| Research & Development | −$789M | 11.7% |
| Selling, General & Administrative | −$409M | 6.1% |
| Operating Income | $2.0B | 29.3% |
| Interest Expense | −$58M | 0.9% |
| Other Income, net | $259M | 3.9% |
| Income Tax Expense | −$168M | 2.5% |
| Net Income | $2.0B | 29.8% |
Source: original SEC filing (filed 2023-11-16). Accession 0000006951-23-000035. Data normalized by EarningsFyi.