Short answer
Applied Materials (AMAT) filed its Q3 2026 10-Q quarterly report on Aug 20, 2026 for the quarter ended Jul 26, 2026. Quarterly revenue was $9.1B (up 24.8% year over year) with net income of $2.5B.
Q3 2026 key financials · XBRL
- Revenue
- $9.1B
- +24.8% YoY · +15.2% QoQ
- Net income
- $2.5B
- +42.7% YoY · −9.6% QoQ
- Operating margin
- 33.7%
- Gross margin
- 50.3%
- EPS (diluted)
- $3.17
- +43.4% YoY · −9.7% QoQ
Source: XBRL data from the Applied Materials (AMAT) Q3 2026 10-Q on SEC EDGAR. USD.
Applied Materials Q3 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $9.115B, up 25% YoY from $7.302B
- Operating margin 33.7% vs 30.6%; gross margin 50.3% vs 48.8% YoY
- Best segment Semiconductor Systems revenue $7.040B, up 27%; margin 37.7% vs 33.0%
- AGS revenue $1.781B, up 22%; margin 30.1% vs 27.3%
- Cash and investments $14.501B vs $12.900B; operating cash flow $5.568B, up from $5.130B for nine months
Risk Factors
- BIS settlement triggered new compliance exposure: $253 million paid in fiscal Q2 2026 with ongoing audits, training and reporting
- Export-license restrictions on China sales, including Entity List requirements, limiting markets and increasing foreign competition
- AI-driven demand volatility requiring capacity and supply-chain expansion, risking excess inventory or margin pressure
- Customer concentration across China, Taiwan and Korea, increasing exposure to order delays, cancellations or policy changes
- Global operations risk with approximately 85% of revenue from customers outside the United States
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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