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Get filing alertsApplied Materials reports record Q3 revenue of $9.12B, up 25% YoY, and EPS of $3.50
Filed August 13, 2026 · Period ending August 13, 2026 · ~1 min read
Key Changes
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Q3 2026 revenue reached record $9.12B (+25% YoY) with record non-GAAP EPS of $3.50 (+41% YoY); gross margin expanded to 50.4%, marking 13th consecutive quarter of YoY margin growth.
Exhibit 99.1 view on EDGAR → -
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Generated record operating cash flow of $3.04B and returned $860M to shareholders ($440M buybacks, $420M dividends) in the quarter.
Exhibit 99.1 view on EDGAR → -
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Guided Q4 2026 revenue to $10.25B (±$500M) and non-GAAP EPS to $4.02 (±$0.20), implying sequential revenue growth and continued earnings momentum.
Exhibit 99.1 view on EDGAR → -
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Semiconductor Systems segment revenue grew to $7.04B with operating margin expanding to 37.7% from 33.0% YoY; DRAM mix increased to 26% from 22%.
Exhibit 99.1 view on EDGAR → -
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Expanded EPIC Center R&D partnerships to 11 engagements, adding Broadcom, UC Berkeley, and SCREEN Semiconductor Solutions to accelerate technology commercialization.
Exhibit 99.1 view on EDGAR →
Summary
Applied Materials delivered a strong third quarter with record revenue of $9.12 billion, up 25% year-over-year, and record non-GAAP earnings per share of $3.50, up 41%. The company achieved its 13th consecutive quarter of year-over-year gross margin expansion, reaching 50.4%, while generating record operating cash flow of $3.04 billion.
The Semiconductor Systems segment drove results with $7.04 billion in revenue and operating margin expansion to 37.7%. The company returned $860 million to shareholders through buybacks and dividends while guiding fourth quarter revenue to $10.25 billion and non-GAAP EPS to $4.02, both at the midpoint. This implies sequential revenue growth from an already-record third quarter.
The expansion of EPIC Center partnerships to 11 engagements, including Broadcom and UC Berkeley, positions the company to accelerate next-generation technology development. For retail holders, the combination of record results, strong cash generation, continued margin expansion, and sequential growth guidance reflects sustained momentum in semiconductor equipment demand driven by AI-related investments.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Record revenue $9.12 billion, up 25 percent year over year
•GAAP gross margin 50.3 percent and non-GAAP gross margin 50.4 percent
•GAAP EPS $3.17 and record non-GAAP EPS $3.50, up 43 percent and 41 percent year over year, respectively
Applied Materials delivered record quarterly revenue of $9.12 billion, up 25% year-over-year, with record non-GAAP earnings per share of $3.50, up 41% year-over-year. GAAP gross margin reached 50.3% and non-GAAP gross margin was 50.4%, both expanding year-over-year. The company achieved its 13th consecutive quarter of year-over-year gross margin expansion.
Added in current filing · view on EDGAR →
Revenue $ 7,040 $ 5,564 | Foundry, logic and other 67 % 69 % | DRAM 26 % 22 % | Flash memory 7 % 9 % | Gross margin 55.3 % 53.4 % | Operating income $ 2,657 $ 1,837 | Operating margin 37.7 % 33.0 %
The Semiconductor Systems segment generated $7.04 billion in revenue, up from $5.56 billion year-over-year, with gross margin expanding to 55.3% from 53.4%. Operating margin improved to 37.7% from 33.0%. Revenue mix shifted toward DRAM (26% vs 22% prior year) while foundry/logic remained the largest component at 67%.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 14, 2026 · How we verify