AMAT Q3 FY2026 earnings: EPS beat by 2.9%, revenue beat by 1.3%
Applied Materials reported Q3 FY2026. EPS came in at $3.50 against a $3.40 consensus, beat by 2.9%. Revenue was $9.1B versus $9.0B expected, beat by 1.3%. Gross margin was 50.3%, up 40 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $3.50 | $3.40 | beat by 2.9% |
| Revenue | $9.1B | $9.0B | beat by 1.3% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $9.1B | +15.2% | +24.8% |
| Gross profit | $4.6B | +16.2% | +28.7% |
| Operating income | $3.1B | +21.9% | +37.7% |
| Net income | $2.5B | -9.6% | +42.7% |
| Diluted EPS | $3.17 | -9.7% | +43.4% |
| Gross margin: 50.3%. |
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The trend
Revenue is up 24.8% from the same quarter last year. Gross margin sits at 50.3%, a new high for the period charted.
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How it stacks up
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