OpenNashEarnings

Semiconductors · Nasdaq: AMAT

Applied Materials earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends October · next results expected around 12 Nov 2026

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 FY2026

Record revenue $9.12 billion, up 25 percent year over year; GAAP EPS $3.17 and record non-GAAP EPS $3.50, up 43 percent and 41 percent year over year, respectively.

Applied Materials reported record revenue of $9.12 billion for the quarter ended July 26, 2026, up 25 percent from a year earlier. Management called it the highest sequential revenue growth in company history. GAAP gross margin was 50.3 percent and non-GAAP EPS hit a record $3.50. Semiconductor Systems revenue was $7,040 million and Applied Global Services, the services arm, was $1,781 million. Operating cash flow was a record $3.04 billion.

Read the Q3 FY2026 summary →

Quarters

KPI history

Revenue$9.1B+24.8% y/yQ3 FY26
Q4 FY24: $7.0B (worked out from the annual figure)Q4 24$7.0BQ1 FY25: $7.2BQ1 25$7.2BQ2 FY25: $7.1BQ2 25$7.1BQ3 FY25: $7.3BQ3 25$7.3BQ4 FY25: $6.8B (worked out from the annual figure)Q4 25$6.8BQ1 FY26: $7.0BQ1 26$7.0BQ2 FY26: $7.9BQ2 26$7.9BQ3 FY26: $9.1BQ3 26$9.1B

Fourth quarter worked out from the annual figure.

Data
Q4 FY24$7.0B *
Q1 FY25$7.2B
Q2 FY25$7.1B
Q3 FY25$7.3B
Q4 FY25$6.8B *
Q1 FY26$7.0B
Q2 FY26$7.9B
Q3 FY26$9.1B
Diluted EPS (GAAP)$3.17+42.8% y/yQ3 FY26
Q1 FY25: $1.45Q1 25$1.45Q2 FY25: $2.63Q2 25$2.63Q3 FY25: $2.22Q3 25$2.22Q1 FY26: $2.54Q1 26$2.54Q2 FY26: $3.51Q2 26$3.51Q3 FY26: $3.17Q3 26$3.17
Data
Q1 FY25$1.45
Q2 FY25$2.63
Q3 FY25$2.22
Q1 FY26$2.54
Q2 FY26$3.51
Q3 FY26$3.17

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin33.7%+3.1 pts y/yQ3 FY26
Q4 FY24: 29.0%Q4 2429.0%Q1 FY25: 30.4%Q1 2530.4%Q2 FY25: 30.5%Q2 2530.5%Q3 FY25: 30.6%Q3 2530.6%Q4 FY25: 25.2%Q4 2525.2%Q1 FY26: 26.1%Q1 2626.1%Q2 FY26: 31.9%Q2 2631.9%Q3 FY26: 33.7%Q3 2633.7%
Data
Q4 FY2429.0%
Q1 FY2530.4%
Q2 FY2530.5%
Q3 FY2530.6%
Q4 FY2525.2%
Q1 FY2626.1%
Q2 FY2631.9%
Q3 FY2633.7%
Free cash flow$2.3B+13.7% y/yQ3 FY26
Q4 FY24: $2.2BQ4 24$2.2BQ1 FY25: $544.0MQ1 25$544.0MQ2 FY25: $1.1BQ2 25$1.1BQ3 FY25: $2.0BQ3 25$2.0BQ4 FY25: $2.0BQ4 25$2.0BQ1 FY26: $1.0BQ1 26$1.0BQ2 FY26: $210.0MQ2 26$210.0MQ3 FY26: $2.3BQ3 26$2.3B
Data
Q4 FY24$2.2B
Q1 FY25$544.0M
Q2 FY25$1.1B
Q3 FY25$2.0B
Q4 FY25$2.0B
Q1 FY26$1.0B
Q2 FY26$210.0M
Q3 FY26$2.3B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$7.0Bd$7.2B$7.1B$7.3B$6.8Bd$7.0B$7.9B$9.1B
Gross margin47.3%48.8%49.1%48.8%48.0%49.0%49.9%50.3%
Operating income$2.0Bd$2.2B$2.2B$2.2B$1.7Bd$1.8B$2.5B$3.1B
Operating margin29.0%30.4%30.5%30.6%25.2%26.1%31.9%33.7%
Net income$1.7Bd$1.2B$2.1B$1.8B$1.9Bd$2.0B$2.8B$2.5B
Diluted EPS—$1.45$2.63$2.22—$2.54$3.51$3.17
Operating cash flow$2.6Bd$925.0M$1.6Bd$2.6Bd$2.8Bd$1.7B$845.0Md$3.0Bd
Capital expenditure$407.0Md$381.0M$510.0Md$584.0Md$785.0Md$646.0M$635.0Md$707.0Md
Free cash flow$2.2B$544.0M$1.1B$2.0B$2.0B$1.0B$210.0M$2.3B
R&D expense$858.0Md$859.0M$893.0M$901.0M$917.0Md$928.0M$1.0B$1.1B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings