As of Q1'26 (2026-01-25), AMAT reported an operating income of USD 1.83B, representing a year-over-year decline of 15.8%. This marks a notable decrease from the previous quarter, both in absolute value and growth rate. From Q2'23 to Q1'26, AMAT's operating income exhibited moderate fluctuations, with values generally ranging between USD 1.8B and USD 2.2B. The company saw a period of steady growth from Q2'24 through Q3'25, peaking at USD 2.23B in Q3'25 and achieving year-over-year growth rates as high as 15%. However, this upward trend reversed sharply in Q4'25 and Q1'26, where operating income and YoY growth both declined significantly, indicating increased volatility and potential headwinds in recent quarters.