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How Applied Materials (AMAT) makes money
Applied Materials (AMAT) made $9.1B of revenue in the third quarter fiscal 2026 (Q3 FY26), +25% from a year earlier. Of every dollar of revenue, 50¢ was left as gross profit, 34¢ was left as operating profit, 28¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $9.1B | 100.0% |
| Cost of revenue | $4.5B | 49.7% |
| Gross profit | $4.6B | 50.3% |
| Operating expenses | $1.5B | 16.6% |
| Operating profit | $3.1B | 33.7% |
| Income tax | $369M | 4.0% |
| Net earnings | $2.5B | 27.8% |
| Operating cash flow | $3.0B | 33.3% |
| Free cash flow | $2.3B | 25.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $9.1B | +25% |
| Q2 FY26 | $7.9B | +11% |
| Q1 FY26 | $7.0B | -2% |
| Q4 FY25 | $6.8B | -4% |
| Q3 FY25 | $7.3B | +8% |
| Q2 FY25 | $7.1B | +7% |
| Q4 FY24 | $7.0B | +5% |
From Applied Materials' 10-Q filed Aug 20, 2026 (on EDGAR).
Questions
How does Applied Materials make money?
Applied Materials (AMAT) made $9.1B of revenue in the third quarter fiscal 2026 (Q3 FY26), +25% from a year earlier. Of every dollar of revenue, 50¢ was left as gross profit, 34¢ was left as operating profit, 28¢ was left as net earnings.
What is Applied Materials' profit margin?
Net earnings were $2.5B, 27.8% of revenue, in the third quarter fiscal 2026; the operating margin was 33.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.