Filing Flows › Applied Materials (AMAT) › Q3 FY26 › vs Q3 FY25
Applied Materials (AMAT) Q3 FY26 vs Q3 FY25 (year over year)
Applied Materials's revenue rose $1.8B (+25%) from $7.3B in Q3 FY25 to $9.1B in Q3 FY26. Gross margin 50.3% against 48.8% (+1.5 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 Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 50.3% | 48.8% | +1.5 pts |
| Operating margin | 33.7% | 30.6% | +3.2 pts |
| Net margin | 27.8% | 24.4% | +3.5 pts |
| Free cash flow margin | 25.6% | 28.1% | -2.5 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $9.1B | $7.3B | $1.8B | +25% |
| Gross profit | $4.6B | $3.6B | $1.0B | +29% |
| Cost of revenue | $4.5B | $3.7B | $789M | +21% |
| Operating profit | $3.1B | $2.2B | $842M | +38% |
| Operating expenses | $1.5B | $1.3B | $182M | +14% |
| Pre-tax earnings | $2.9B | $2.6B | $344M | +13% |
| Other expense, net | $168M | −$330M | $498M | — |
| Research & development | $1.1B | $901M | $199M | +22% |
| Sales & marketing | $249M | $224M | $25.0M | +11% |
| General & admin | $162M | $204M | −$42.0M | -21% |
| Net earnings | $2.5B | $1.8B | $759M | +43% |
| Income tax | $369M | $784M | −$415M | -53% |
| Depreciation & amortization | $151M | $113M | $38.0M | +34% |
| Share-based compensation | $169M | $158M | $11.0M | +7% |
| Working capital & other | $179M | $584M | −$405M | -69% |
| Operating cash flow | $3.0B | $2.6B | $403M | +15% |
| Free cash flow (company-reported) | $2.3B | $2.0B | $280M | +14% |
| Capital expenditures | $707M | $584M | $123M | +21% |
Questions
How much did Applied Materials's revenue grow year over year in Q3 FY26?
Applied Materials's revenue rose $1.8B (+25%) from $7.3B in Q3 FY25 to $9.1B in Q3 FY26. Gross margin 50.3% against 48.8% (+1.5 pts).