• Applied Materials average operating margin for 2023 was 29.18%, a 6.17% decline from 2022.
• Applied Materials average operating margin for 2022 was 31.1%, a 12.97% decline from 2021.
• Applied Materials average operating margin for 2021 was 27.53%, a 14.23% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.