Applied Materials reported record third-quarter fiscal 2026 revenue of $9.12 billion, up 25%, with GAAP diluted EPS of $3.17 (up 43%) and non-GAAP diluted EPS of $3.50 (up 41%). The company also forecast fourth-quarter revenue of $10.25 billion plus or minus $500 million and non-GAAP diluted EPS of $4.02 plus or minus $0.20, and said it is raising its calendar 2026 Semiconductor Systems revenue expectations.
Q3 revenue was $9.12 billion versus $7.30 billion a year earlier; GAAP net income was $2.54 billion.
Q3 GAAP gross margin was 50.3% and non-GAAP gross margin was 50.4%, a 13th consecutive quarter of year-over-year gross margin expansion.
Fourth-quarter fiscal 2026 outlook: total revenue of $10.25 billion (plus or minus $500 million) and non-GAAP diluted EPS of $4.02 (plus or minus $0.20).
In the quarter, the company returned $860 million to shareholders: $440 million in share repurchases and $420 million in dividends.
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From Applied Materials's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$28.37B
+4.4%
$8.66
+0.6%
24.7%
FY2024
$27.18B
+2.5%
$8.61
+6.2%
26.4%
FY2023
$26.52B
+2.8%
$8.11
+9.0%
25.9%
FY2022
$25.79B
+11.8%
$7.44
+16.3%
25.3%
FY2021
$23.06B
+34.1%
$6.40
+63.3%
25.5%
Frequently asked questions
When is Applied Materials's next earnings date?
Applied Materials (AMAT) is scheduled to report on Thursday, November 12, 2026 after the market closes. Analysts expect EPS of $4.06.
What did Applied Materials earn last quarter?
For the quarter ended Jul 2026, Applied Materials reported diluted EPS of $3.17 (+42.8% year over year) on revenue of $9.12B (+24.8%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.