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Applied Materials

Applied Materials (AMAT) Q3 2026 Earnings

Reported Aug 13, 2026 at 4:03 PM ET · SEC Source

Q3 26 EPS Adjusted

$3.50

BEAT +3.11%

Est. $3.39

Q3 26 Revenue

$9.12B

BEAT +1.23%

Est. $9.00B

Market Reaction

Did AMAT Beat Earnings? Q3 2026 Results

Applied Materials delivered a strong fiscal third quarter, with results clearing Wall Street's bar on both the top and bottom lines and extending the company's streak of consensus EPS beats to five consecutive quarters. The semiconductor equipment gi… Read more Applied Materials delivered a strong fiscal third quarter, with results clearing Wall Street's bar on both the top and bottom lines and extending the company's streak of consensus EPS beats to five consecutive quarters. The semiconductor equipment giant posted adjusted EPS of $3.50, ahead of the $3.39 consensus by 3.11%, while revenue of $9.12 billion came in 1.23% above expectations and grew 24.8% year over year. The primary engine behind those results was the Semiconductor Systems segment, which generated $7.04 billion in revenue as demand for advanced chipmaking tools accelerated across DRAM, leading-edge foundry-logic, and advanced packaging, with segment non-GAAP operating margin expanding sharply to 38.0% from 33.2% a year ago. Geographic diversification also shifted notably, with the U.S. Nearly doubling its revenue share to 15% while China's contribution eased to 28% from 35%. Management raised its Semiconductor Systems outlook for calendar 2026 and guided Q4 revenue to $10.25 billion with non-GAAP EPS of $4.02, signaling continued confidence in AI-driven equipment demand well into 2027.

Key Takeaways

  • • Rapid global adoption of AI driving unprecedented demand for materials engineering solutions
  • • Strong DRAM demand increasing from 22% to 26% of Semiconductor Systems revenue mix
  • • 13th consecutive quarter of year-over-year gross margin expansion
  • • Leading-edge foundry-logic and advanced packaging demand
  • • U.S. revenue nearly doubled year over year as domestic semiconductor manufacturing investment grows

AMAT Forward Guidance & Outlook

For Q4 FY2026, Applied Materials expects total revenue of approximately $10.25 billion (+/- $500 million) and non-GAAP diluted EPS of approximately $4.02 (+/- $0.20). Management is further raising Semiconductor Systems revenue expectations for calendar 2026 and expects to grow faster than the market. The company expects continued strong revenue growth in the second half of the calendar year, particularly in DRAM as well as leading-edge foundry-logic and advanced packaging. Based on increased demand visibility from customers, management expects another strong growth year in 2027. Additional manufacturing capacity investments are being made to support projected demand through the end of the decade.

24/7 Wall St

AMAT YoY Financials

Q3 2026 vs Q3 2025, source: SEC Filings

24/7 Wall St

AMAT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q3 26
24/7 Wall St

AMAT Revenue by Geography

With YoY comparisons, source: SEC Filings

Q2 25 Q3 26

“Applied Materials delivered another record-breaking quarter, including the highest sequential revenue growth in the company's history. As the rapid global adoption of AI drives unprecedented demand for our materials engineering solutions, we are further raising our Semiconductor Systems revenue expectations for calendar 2026 and are confident we will grow faster than the market this year. Based on the increased demand visibility we are receiving from our customers, we expect another strong growth year for Applied Materials in 2027.”

— Gary Dickerson, Q3 2026 Earnings Press Release

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