The latest data point for Q2'26 shows AMAT achieving a Gross Margin of 49.9%, an Operating Margin of 31.9%, and a Net Profit Margin of 35.5%. This period marks a multi-quarter high for all three profitability metrics, reflecting strong bottom-line performance. From Q3'23 to Q2'26, the company maintained a consistent upward trajectory in Gross Margin, rising from 46.3% to nearly 50%. While Operating Margin and Net Profit Margin experienced some volatility—most notably a sharp dip in Net Profit Margin to 16.5% in Q1'25—the overall trend indicates successful margin expansion and operational efficiency heading into FY2026.