The latest data point for AMAT's net income in Q1'26 shows a robust $2.03B, marking a significant year-over-year increase of 71% compared to the prior year period, reflecting strong profitability recovery. Over the period from Q2'23 to Q1'26, net income exhibited volatility with an initial stable range around $1.6B in Q2'23 and Q3'23, followed by a peak of $2.01B in Q1'24, then a decline to a low of $1.19B in Q1'25 amid negative YoY growth of -41%, before rebounding sharply to highs near $2B in Q2'25 and Q1'26 with positive YoY gains up to 71%; overall, the trend indicates cyclical growth in the semiconductor sector, with YoY fluctuations highlighting sensitivity to market conditions but a net upward trajectory in absolute terms.