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Applied Materials vs Texas Instruments: AMAT and TXN compared
Applied Materials is the larger company: $9.1B of revenue in its latest quarter (Q3 FY26) against $6.1B for Texas Instruments (Q3 2026). Texas Instruments is growing faster (+28% against +25% a year earlier). Texas Instruments is more profitable, with an operating margin of 47.5% against 33.7%.
Where the money goes: AMAT and TXN
Applied Materials (AMAT) · Q3 FY26
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.
Texas Instruments (TXN) · Q3 2026
Texas Instruments, Q3 2026: revenue $6.1B (+28% year over year), operating margin 47.5%, net earnings $2.4B, operating cash flow $3.4B. The chart follows the revenue to costs, profit and cash.
| Applied Materials (AMAT) | Texas Instruments (TXN) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $9.1B | $6.1B |
| Revenue growth, Y/Y | +25% | +28% |
| Gross margin | 50.3% | 64.2% |
| Operating margin | 33.7% | 47.5% |
| Net earnings | $2.5B | $2.4B |
| Net margin | 27.8% | 40.0% |
| Operating cash flow | $3.0B | $3.4B |
| Free cash flow | $2.3B | $3.0B |
| Market value | $255.4B | $256.2B |
| P/E | 27.6× | 36.0× |
| Analysts’ mean target | $626.87 | $336.86 |
Where the revenue comes from
Texas Instruments
- Analog: $4.9B (81%)
- Embedded Processing: $858M (14%)
- Other: $286M (5%)
Questions
Which is bigger, Applied Materials or Texas Instruments?
Applied Materials is the larger company: $9.1B of revenue in its latest quarter (Q3 FY26) against $6.1B for Texas Instruments (Q3 2026).
Is Applied Materials or Texas Instruments growing faster?
Texas Instruments is growing faster (+28% against +25% a year earlier).
Which is more profitable, Applied Materials or Texas Instruments?
Texas Instruments is more profitable, with an operating margin of 47.5% against 33.7%.
More: Applied Materials earnings · how Applied Materials makes money · Texas Instruments earnings · how Texas Instruments makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 20, 2026; 10-Q filed Oct 23, 2026). Fiscal quarters can end on different dates. Not investment advice.