Jul 2026 (Q3 FY26) — Aug 13, 2026
Applied Materials Q3 FY26 — Record Results Driven by AI Infrastructure Build-Out
Read the full callApplied Materials (AMAT) earnings
- Jul 2026
- Jul 2026 (Q3 FY26)
- Oct 2025
Applied Materials earnings: last reported Thu, 13 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 9,115 | +24.8% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 33.7 | +3.2 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2,538 | +42.7% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
53 of 56 judged targets kept · 45 open · verdicts reflect calls analysed to Jul 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| AGS revenue | about $1.75 billion | Apr 2026 | Applied Global Services delivered record revenue of $1.8 billion, which was up 22% year-over-year reflecting both subscription services growth and high transactional parts demand. | Achieved |
| AGS revenue growth | low double digits | Oct 2025 | We now expect AGS to grow more than 20% in calendar 2026 and to deliver a sustainable long-term annual growth rate in the mid-teens. | Revised Up |
| AGS revenue | about $1.84 billion | Jul 2026 | AGS revenue of about $1.84 billion, up 22% year-over-year | New |
3 of APPLIED MATERIALS INC /DE's 101 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 98 more targets are in the full ledger.
Claimed
- Record-breaking Q3 FY26 revenue of $9.1 billion, up 15% sequentially and 25% year-over-year.
- Non-GAAP EPS of $3.50, up 22% sequentially and 41% year-over-year.
- Non-GAAP gross margin increased to 50.4%, up 40 basis points sequentially and 150 basis points year-over-year, marking 13th consecutive quarter of YoY expansion.
- Semiconductor Systems revenue reached a record $7 billion, up 18% sequentially and 27% year-over-year, with DRAM revenue up 52% year-over-year.
- Applied Global Services (AGS) delivered record revenue of $1.8 billion, up 22% year-over-year, with operating margin of 30.1%, up 280 basis points year-over-year.
Qualified
- Q4 FY26 non-GAAP gross margin guided flat sequentially at 50.4% due to ramp costs for customer service engineers and resources.
- Q1 FY27 operating expenses expected to have a higher than average step-up due to it being a 14-week quarter.
- Non-GAAP tax rate expected to increase to around 13% in 2027 due to the effect of the global minimum tax.
Price
$413.11 +0.93% · +$3.82
Performance +83.6% 1Y
1Y: $224.99 on 17 Oct 2025 → $413.11. High $723 (30 Jun 2026), low $220.23 (20 Nov 2025).
- Previous close
- $409.29
- 52-week range
- $220.23 – $723
- One year
- +81.09%
Overview
- Symbol
- AMAT
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
53 of 56 judged targets kept · 45 open · verdicts reflect calls analysed to Jul 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| AGS revenue | about $1.75 billion | Apr 2026 | Applied Global Services delivered record revenue of $1.8 billion, which was up 22% year-over-year reflecting both subscription services growth and high transactional parts demand. | Achieved |
| AGS revenue growth | low double digits | Oct 2025 | We now expect AGS to grow more than 20% in calendar 2026 and to deliver a sustainable long-term annual growth rate in the mid-teens. | Revised Up |
| AGS revenue | about $1.84 billion | Jul 2026 | AGS revenue of about $1.84 billion, up 22% year-over-year | New |
Claimed
- Record-breaking Q3 FY26 revenue of $9.1 billion, up 15% sequentially and 25% year-over-year.
- Non-GAAP EPS of $3.50, up 22% sequentially and 41% year-over-year.
- Non-GAAP gross margin increased to 50.4%, up 40 basis points sequentially and 150 basis points year-over-year, marking 13th consecutive quarter of YoY expansion.
- Semiconductor Systems revenue reached a record $7 billion, up 18% sequentially and 27% year-over-year, with DRAM revenue up 52% year-over-year.
- Applied Global Services (AGS) delivered record revenue of $1.8 billion, up 22% year-over-year, with operating margin of 30.1%, up 280 basis points year-over-year.
Qualified
- Q4 FY26 non-GAAP gross margin guided flat sequentially at 50.4% due to ramp costs for customer service engineers and resources.
- Q1 FY27 operating expenses expected to have a higher than average step-up due to it being a 14-week quarter.
- Non-GAAP tax rate expected to increase to around 13% in 2027 due to the effect of the global minimum tax.
The full ledger
Open APPLIED MATERIALS INC /DE’s full ledger
A free account opens 5 company ledgers a month. All 101 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q2 FY26) — May 14, 2026
Applied Materials Q2 FY26 — Record revenue, best gross margin in 25+ years as AI shifts WFE to its strengths
Read the full callJan 2026 (Q1 FY26) — Feb 12, 2026
Applied Materials Q1 FY26 — AI-Driven Growth and Strong Outlook
Read the full callEvery analysed call
Applied Materials earnings calls (AMAT)
Financials
What the filings say
Net profit, year on year: +43% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7,045 | 7,166 | 7,100 | 7,302 | 6,800 | 7,012 | 7,910 | 9,115 |
| Operating profit | 2,046 | 2,175 | 2,169 | 2,233 | 1,712 | 1,831 | 2,523 | 3,075 |
| Operating margin | 29.0% | 30.4% | 30.6% | 30.6% | 25.2% | 26.1% | 31.9% | 33.7% |
| Interest | 66 | 64 | 68 | 66 | 71 | 69 | 69 | 68 |
| Profit before tax | 1,895 | 2,119 | 2,322 | 2,563 | 2,267 | 2,328 | 3,225 | 2,907 |
| Tax rate | 8.7% | 44.1% | 8.0% | 30.6% | 16.3% | 13.0% | 13.0% | 12.7% |
| Net profit | 1,731 | 1,185 | 2,137 | 1,779 | 1,897 | 2,026 | 2,806 | 2,538 |
| EPS ($ per share) | — | 1.46 | 2.64 | 2.23 | — | 2.55 | 3.53 | 3.20 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 20,880 | 24,386 | 27,209 | 32,246 | 37,892 | 43,726 | 49,651 | 55,227 |
| Total liabilities | 10,788 | 10,810 | 11,775 | 13,578 | 14,532 | 14,380 | 15,408 | 15,884 |
| Fixed assets | 1,407 | 1,529 | 1,604 | 1,934 | 2,307 | 2,723 | 3,339 | 4,610 |
| Investments | 590 | 489 | 387 | 464 | 586 | 737 | 1,449 | 1,332 |
| Total assets | 17,633 | 19,024 | 22,353 | 25,825 | 26,726 | 30,729 | 34,409 | 36,299 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 3,787 | 3,247 | 3,804 | 5,442 | 5,399 | 8,700 | 8,677 | 7,958 |
| Cash from investing | 571 | -443 | -130 | -1,216 | -1,357 | -1,535 | -2,327 | -2,782 |
| Cash from financing | -5,928 | -3,115 | -1,337 | -4,591 | -7,043 | -3,032 | -4,470 | -5,977 |
| Net cash flow | -1,570 | -311 | 2,337 | -365 | -3,001 | 4,133 | 1,880 | -801 |
| Capital expenditure | -622 | -441 | -422 | -668 | -787 | -1,106 | -1,190 | -2,260 |
| Free cash flow | 3,165 | 2,806 | 3,382 | 4,774 | 4,612 | 7,594 | 7,487 | 5,698 |
AMAT revenue by segment
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Semiconductor Systems | — | 75% | 74% | 74% | 70% | 73% | 75% | 77% | +29.7% |
| Applied Global Services | — | 22% | 22% | 22% | 24% | 22% | 21% | 20% | +11.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
AMAT operating KPIs by quarter
| KPI | Jan 2026 Q1 FY26 | Apr 2026 Q2 FY26 | Jul 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Connected chambers AIx | 30K+Today, we have more than 30,000 chambers connected to AIx servers using AI-powered monitoring, diagnostics and analytics.Source: earnings call transcript | 35K+Today, we have more than 35,000 chambers connected to our proprietary AIx software capabilities that use AI-powered monitoring, diagnostics and analytics.Source: earnings call transcript | 37K+We already have more than 37,000 chambers in the field connected to our proprietary AIX software capabilities and use AI-powered monitoring, diagnostics and predictive analytics.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q3 FY2026 · share of revenue
- Asia Pacific 80%
- CN 27% ↓ 4 pt
- TW 22% ↑ 5 pt
- KR 17%
- US 15% ↓ 1 pt
- JP 9% ↑ 1 pt
- Europe 5%
- Southeast Asia 4% ↓ 2 pt
As AMAT cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
99 filings between Oct 26, 2025 and Oct 2, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$180.64M
45 sales by 9 insiders
Compensation
not trading decisions- 32
- Award — granted as compensation
- 14
- Tax withheld — shares kept back by the company to cover tax
Also filed: 8 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| DICKERSON GARY E | — | $104.79M | Jun 30, 2026 |
| Raja Prabu G. | — | $31.60M | Jun 18, 2026 |
| Nalamasu Omkaram | — | $20.75M | Jun 16, 2026 |
| Hill Brice | — | $6.65M | Aug 25, 2026 |
| Iannotti Thomas J | — | $5.55M | Jun 16, 2026 |
| Deane Timothy M | — | $5.09M | Jun 15, 2026 |
| BRUNER JUDY | — | $3.45M | Sep 8, 2026 |
| Little Teri A. | — | $1.89M | Nov 25, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 2, 2026 | Sanders Adam Corp. Controller & CAO | Sale | 725 | $394.8K |
| Oct 1, 2026 | Deane Timothy M SVP, Applied Global Services | Tax withheld | 2,644 | $1.40M |
| Oct 1, 2026 | Sanders Adam Corp. Controller & CAO | Tax withheld | 269 | $142.4K |
| Sep 8, 2026 | BRUNER JUDY Director | Sale | 1,000 | $465.0K |
| Aug 27, 2026 | Palkhiwala Akash J. Director | Award | 279 | $0 |
| Aug 25, 2026 | Hill Brice SVP, CFO | Sale | 7,500 | $3.59M |
| Jul 1, 2026 | Sanders Adam Corp. Controller & CAO | Tax withheld | 125 | $81.4K |
| Jun 30, 2026 | DICKERSON GARY E President and CEO | Sale | 30 | $22.1K |
| Jun 30, 2026 | DICKERSON GARY E President and CEO | Sale | 19,970 | $14.68M |
| Jun 29, 2026 | DICKERSON GARY E President and CEO | Sale | 7,989 | $5.60M |
| Jun 29, 2026 | DICKERSON GARY E President and CEO | Sale | 50,332 | $35.24M |
| Jun 18, 2026 | Raja Prabu G. President, Semi. Products Grp. | Sale | 10,000 | $6.34M |
| Jun 16, 2026 | DICKERSON GARY E President and CEO | Sale | 4,682 | $2.78M |
| Jun 16, 2026 | Nalamasu Omkaram Senior Vice President, CTO | Sale | 4,028 | $2.40M |
| Jun 16, 2026 | DICKERSON GARY E President and CEO | Sale | 10,411 | $6.17M |
| Jun 16, 2026 | Nalamasu Omkaram Senior Vice President, CTO | Sale | 4,726 | $2.81M |
| Jun 16, 2026 | DICKERSON GARY E President and CEO | Sale | 9,186 | $5.43M |
| Jun 16, 2026 | Nalamasu Omkaram Senior Vice President, CTO | Sale | 2,412 | $1.43M |
| Jun 16, 2026 | Nalamasu Omkaram Senior Vice President, CTO | Sale | 4,782 | $2.83M |
| Jun 16, 2026 | Nalamasu Omkaram Senior Vice President, CTO | Sale | 3,515 | $2.08M |
| Jun 16, 2026 | DICKERSON GARY E President and CEO | Sale | 837 | $501.7K |
| Jun 16, 2026 | DICKERSON GARY E President and CEO | Sale | 2,426 | $1.45M |
| Jun 16, 2026 | DICKERSON GARY E President and CEO | Sale | 4,457 | $2.66M |
| Jun 16, 2026 | DICKERSON GARY E President and CEO | Sale | 15,755 | $9.30M |
| Jun 16, 2026 | DICKERSON GARY E President and CEO | Sale | 13,505 | $8.06M |
| Jun 16, 2026 | Nalamasu Omkaram Senior Vice President, CTO | Sale | 1,125 | $669.2K |
| Jun 16, 2026 | DICKERSON GARY E President and CEO | Sale | 5,933 | $3.53M |
| Jun 16, 2026 | Nalamasu Omkaram Senior Vice President, CTO | Sale | 3,675 | $2.19M |
| Jun 16, 2026 | Iannotti Thomas J Director | Sale | 9,250 | $5.55M |
| Jun 16, 2026 | Iannotti Thomas J Director | Gift | 750 | $0 |
| Jun 16, 2026 | DICKERSON GARY E President and CEO | Sale | 4,535 | $2.70M |
| Jun 16, 2026 | DICKERSON GARY E President and CEO | Gift | 17,000 | $0 |
| Jun 15, 2026 | Nalamasu Omkaram Senior Vice President, CTO | Sale | 3,799 | $2.26M |
| Jun 15, 2026 | Nalamasu Omkaram Senior Vice President, CTO | Sale | 6,938 | $4.09M |
| Jun 15, 2026 | DICKERSON GARY E President and CEO | Sale | 11,273 | $6.65M |
| Jun 15, 2026 | Deane Timothy M SVP, Applied Global Services | Gift | 1,545 | $0 |
| Jun 15, 2026 | Deane Timothy M SVP, Applied Global Services | Sale | 8,621 | $5.09M |
| Jun 4, 2026 | Raja Prabu G. President, Semi. Products Grp. | Sale | 1,803 | $914.2K |
| Jun 4, 2026 | Raja Prabu G. President, Semi. Products Grp. | Sale | 7,805 | $3.95M |
| Jun 4, 2026 | Raja Prabu G. President, Semi. Products Grp. | Sale | 15,083 | $7.62M |
| Jun 4, 2026 | Raja Prabu G. President, Semi. Products Grp. | Sale | 25,309 | $12.77M |
| Jun 3, 2026 | Hill Brice SVP, CFO | Sale | 2,500 | $1.25M |
| May 26, 2026 | BRUNER JUDY Director | Sale | 1,128 | $507.6K |
| May 22, 2026 | Sanders Adam Corp. Controller & CAO | Sale | 268 | $116.4K |
| May 21, 2026 | DE GEUS AART Director | Gift | 17,855 | $0 |
| Apr 1, 2026 | Sanders Adam Corp. Controller & CAO | Tax withheld | 125 | $44.2K |
| Mar 12, 2026 | ANDERSON JAMES ROBERT Director | Award | 741 | $0 |
| Mar 12, 2026 | Karsner Alexander Director | Award | 741 | $0 |
| Mar 12, 2026 | DE GEUS AART Director | Award | 741 | $0 |
| Mar 12, 2026 | BRUNER JUDY Director | Award | 741 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for APPLIED MATERIALS INC /DE
Free account. Everything above stays public.
Write why you follow APPLIED MATERIALS INC /DE and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other companies in Information Technology
Nearest to Applied Materials by market cap among the sector's top 20 companies at Q2 2026.