Applied Materials Q3 2026: Record Revenue With a $10.25B Q4 Outlook
As seen on the 24/7 Wall St. homepage on August 13, 2026.
Management sees $10.25 billion in Q4 revenue, a step up from a record quarter that grew 24.8% year over year and cleared both consensus lines. Semiconductor Systems margin expanded to 38.0% from 33.2% as DRAM, leading-edge logic and advanced packaging orders accelerated, and China's revenue share eased to 28% from 35%. Calendar 2026 systems expectations were raised again.
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Applied Materials posted fiscal third-quarter revenue of $9.12 billion, growing 24.8% year over year, with adjusted EPS exceeding expectations. That marks the fifth consecutive quarter the company has topped EPS expectations.
The Semiconductor Systems segment drove the results as orders accelerated across DRAM, leading-edge foundry-logic, and advanced packaging. Segment non-GAAP operating margin expanded to 38.0%, reflecting pricing power from tighter supply of advanced equipment and an improving mix of higher-margin products.
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China's share of revenue eased to 28% from 35%, while the United States nearly doubled its contribution. That rebalancing reduces exposure to export-control risk even as total revenue climbs, and management raised its Semiconductor Systems revenue expectations for all of calendar 2026.
For Q4, management guided revenue to $10.25 billion, implying continued sequential acceleration. CEO Gary Dickerson pointed to increased demand visibility from customers and said the company expects another strong growth year in 2027.
Mentioned: AMAT