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← Applied Materials

Applied Materials — 2026Q3 earnings

reported 2026-08-13

EPS $3.50 vs $3.39 est — beat

next session -5.1% (close 2026-08-13 → 2026-08-14)

Source

8-K filing ↗

Summary

Applied Materials' fiscal Q3 2026 (quarter ended 26 July 2026, reported 13 August) was a record on nearly every line: revenue of $9.12 billion up 25 percent, record non-GAAP EPS of $3.50 up 41 percent, record operating income and record $3.04 billion cash from operations. Management tied the strength squarely to AI-driven demand for materials engineering, raised its calendar-2026 Semiconductor Systems expectations, and pointed to DRAM, leading-edge foundry-logic and advanced packaging as the second-half drivers. No free transcript was available and the IR webcast page could not be verified by automated fetch, so the call is not reviewed.

Earnings call

Earnings call webcast ↗

Prepared remarks ↗

Review

From the report

AI demand is now the stated engine of a record quarter — 25 percent revenue growth, a 13th straight quarter of gross-margin expansion, and raised calendar-2026 Semiconductor Systems expectations.

  • Revenue was a record $9.12 billion, up 25 percent year over year. show quote
    “Record revenue $9.12 billion, up 25 percent year over year”
    source ↗
  • GAAP EPS was $3.17 and non-GAAP EPS a record $3.50, up 43 and 41 percent year over year respectively. show quote
    “GAAP EPS $3.17 and record non-GAAP EPS $3.50, up 43 percent and 41 percent year over year, respectively”
    source ↗
  • The CEO attributed the demand to rapid global AI adoption and raised Semiconductor Systems revenue expectations for calendar 2026, expecting to grow faster than the market. show quote
    “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.”
    source ↗
  • The CFO cited a 13th consecutive quarter of year-over-year gross-margin expansion. show quote
    “Applied Materials achieved its 13th consecutive quarter of year-over-year gross margin expansion, demonstrating the increasing value we create by enabling better chips, systems and fab returns”
    source ↗
  • Second-half growth is expected to be led by DRAM, leading-edge foundry-logic and advanced packaging. show quote
    “We expect 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.”
    source ↗
  • Cash from operations was a record $3.04 billion, with $860 million returned to shareholders via $440 million of buybacks and $420 million of dividends. show quote
    “The company generated record cash from operations of $3.04 billion and distributed $860 million to shareholders through $440 million in share repurchases and $420 million in dividends.”
    source ↗

as of 2026-08-17