Applied Materials Posts Record Q3 Revenue of $9.12B, Raises Q4 Guidance to $10.25B
AMAT has more than doubled off its 52-week low of $154.465.
Summary
Applied Materials reported record Q3 FY2026 results with revenue of $9.12B and non-GAAP EPS of $3.50, and raised Q4 guidance to $10.25B, driven by AI demand.
Key Events · Earnings and Guidance · AMAT
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Record Q3 Revenue and EPS
Revenue of $9.12B, up 25% YoY; non-GAAP EPS of $3.50, up 41% YoY; GAAP EPS of $3.17, up 43% YoY.
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Raised Q4 Guidance
Q4 revenue guidance of $10.25B +/- $500M and non-GAAP EPS of $4.02 +/- $0.20, reflecting strong demand visibility.
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Record Cash Generation
Record cash from operations of $3.04B; $860M returned to shareholders via $440M buybacks and $420M dividends.
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Gross Margin Expansion
13th consecutive quarter of YoY gross margin expansion; non-GAAP gross margin of 50.4%, up 1.5 points YoY.
Analysis · AMAT · Manufacturing
Applied Materials delivered record Q3 revenue of $9.12 billion, up 25% year over year, with non-GAAP EPS of $3.50 beating expectations. The company raised its Q4 revenue guidance to $10.25 billion, signaling continued strong demand driven by AI and advanced packaging. Record cash from operations of $3.04 billion and a 13th consecutive quarter of gross margin expansion underscore operational strength. The results confirm the company's leadership in materials engineering for AI chips and support management's confidence in accelerating growth through 2027.
At the time of this filing, AMAT was trading at $513.73 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $424.4B. The 52-week trading range was $154.47 to $739.67. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.