In Q1'26, Applied Materials' (AMAT) total operating expenses reached $1.34B USD, comprising $928M in R&D expenses and $411M in SG&A expenses. This marks a slight increase from the prior quarter, driven primarily by ongoing R&D investments amid semiconductor industry demands. Over the period from Q2'23 to Q1'26, R&D expenses exhibited a steady upward trend, rising from $775M to $928M with notable acceleration in 2025, reflecting expanded innovation efforts. In contrast, SG&A expenses remained relatively stable, fluctuating between $407M and $483M without a clear directional pattern, resulting in overall operating expenses growing by approximately 20% across the timeframe.