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- Government Investigation Resolved Via Settlement (improved) — The previously disclosed government investigation into export controls compliance was resolved through a settlement agreement, reducing uncertainty but imposing ongoing compliance obligations.
- Bis Settlement and Export-control Compliance (new) — As previously disclosed, on February 11, 2026, we entered into a settlement agreement with the U.S. Commerce Department Bureau of Industry and Security (BIS) to resolve its inquiry relating to certain China customer shipments and export controls compliance and agreed to pay BIS an amount of $253 million, which we paid in full during our second quarter of fiscal 2026.
Applied Materials' fiscal third-quarter revenue rose 24.8% to $9.12B, and net income climbed 42.7% to $2.54B.
Filed August 20, 2026 · Period ending July 26, 2026 · Compared to 10-Q Aug 21, 2025 · ~2 min read
Key Changes
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Revenue increased 24.8% to $9.12B in the fiscal third quarter, with Semiconductor Systems revenue up 26.5% to $7.04B and Applied Global Services revenue up 21.7% to $1.78B.
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Gross margin expanded to 50.3% from 48.8%, and operating margin rose to 33.7% from 30.6%, which the company attributes to higher revenue, increases in average selling prices, and lower material and manufacturing costs.
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Net income for the first nine months of fiscal 2026 was $7.37B, up 44.5% from $5.10B, including a legal settlement charge of $253 million, and diluted earnings per share rose to $9.22 from $6.29.
4 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 21, 2026 · How we verify