Filing Flows › Applied Materials (AMAT) › Q3 FY26 › vs Q2 FY26
Applied Materials (AMAT) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Applied Materials's revenue rose $1.2B (+15%) from $7.9B in Q2 FY26 to $9.1B in Q3 FY26. Gross margin 50.3% against 49.9% (+0.4 pts).
Applied Materials, Q3 FY26: revenue $9.1B (+25% year over year), operating margin 33.7%, net earnings $2.5B, operating cash flow $3.0B. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 50.3% | 49.9% | +0.4 pts |
| Operating margin | 33.7% | 31.9% | +1.8 pts |
| Net margin | 27.8% | 35.5% | -7.6 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $9.1B | $7.9B | $1.2B | +15% |
| Gross profit | $4.6B | $3.9B | $639M | +16% |
| Cost of revenue | $4.5B | $4.0B | $566M | +14% |
| Operating profit | $3.1B | $2.5B | $552M | +22% |
| Operating expenses | $1.5B | $1.4B | $87.0M | +6% |
| Pre-tax earnings | $2.9B | $3.2B | −$318M | -10% |
| Other expense, net | $168M | −$702M | $870M | — |
| Research & development | $1.1B | $1.0B | $73.0M | +7% |
| Sales & marketing | $249M | $233M | $16.0M | +7% |
| General & admin | $162M | $164M | −$2.0M | -1% |
| Net earnings | $2.5B | $2.8B | −$268M | -10% |
| Income tax | $369M | $419M | −$50.0M | -12% |
| Depreciation & amortization | $151M | $135M | $16.0M | +12% |
| Share-based compensation | $169M | $169M | $0 | 0% |
| Working capital & other | $179M | −$2.3B | $2.4B | — |
| Operating cash flow | $3.0B | $845M | $2.2B | +259% |
Questions
How much did Applied Materials's revenue grow quarter over quarter in Q3 FY26?
Applied Materials's revenue rose $1.2B (+15%) from $7.9B in Q2 FY26 to $9.1B in Q3 FY26. Gross margin 50.3% against 49.9% (+0.4 pts).