Filing Flows › Applied Materials (AMAT) › Q3 FY26
Applied Materials (AMAT) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 20, 2026
Applied Materials (AMAT) reported revenue of $9.1B for the third quarter fiscal 2026 (Q3 FY26), +25% from a year earlier and +15% from the quarter before. Operating margin was 33.7%, net earnings $2.5B (27.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.1B | +15% | +25% |
| Gross profit | $4.6B | +16% | +29% |
| Operating profit | $3.1B | +22% | +38% |
| Net earnings | $2.5B | -10% | +43% |
| Operating cash flow | $3.0B | +259% | +15% |
| Free cash flow | $2.3B | — | +14% |
What changed
Revenue was $9.1B in Q3 FY26, up 25% year over year and up 15% from the previous quarter.
Gross margin was 50.3%, up 1.5 points from Q3 FY25. Operating profit was $3.1B, a 33.7% margin (up 3.2 points year over year). Of the extra revenue versus Q3 FY25, 46% reached operating profit, above the 31% margin then. Operating expenses grew 14% against revenue growth of 25%. The fastest-growing cost line was Research & development (+22%). Net earnings were $2.5B, up 43% year over year. The effective tax rate was 12.7%.
Operating cash flow was $3.0B (up 15% year over year), 120% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.17B of share-based compensation. Working capital and other items added $0.18B. After capital expenditures ($0.71B), free cash flow as the company reports it was $2.3B.
Questions
What was Applied Materials' revenue in the third quarter fiscal 2026?
Applied Materials (AMAT) reported revenue of $9.1B for the third quarter fiscal 2026 (Q3 FY26), +25% from a year earlier and +15% from the quarter before.
Was Applied Materials profitable in the third quarter fiscal 2026?
Operating profit was $3.1B (33.7% of revenue) and net earnings $2.5B.
Source: Applied Materials 10-Q on SEC EDGAR.