Applied Materials FY26 Q3: record $9.12 billion revenue, EPS $3.50 non-GAAP
Applied Materials delivered record revenue of $9.12 billion, up 25.0% year over year, with record non-GAAP EPS of $3.50. Semiconductor Systems carried the quarter, and DRAM grew to 26% of that segment's revenue. Guidance points to $10.25 billion next quarter, a figure that sits 2.5% below the $10.51 billion consensus number supplied here. Read the margin and working-capital lines as closely as the headline growth.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $3.17 rose from $2.22 a year ago, while non-GAAP EPS hit a record $3.50 versus $2.48. Non-GAAP net income of $2.80 billion exceeded GAAP net income of $2.54 billion, and the gap is largely a $0.22 billion unrealized loss on strategic investments that management strips out. Gross margin of 50.3% on a GAAP basis was 1.5 percentage points higher than a year ago.
Revenue of $9.12 billion rose 25.0% from $7.30 billion a year earlier and 15.2% from last quarter's $7.91 billion. Semiconductor Systems supplied $7.04 billion of it, Applied Global Services $1.78 billion and the Other category $0.29 billion. The company describes this as the highest sequential revenue growth in its history.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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