AI-extracted from the 10-Q filed 2026-08-20 — Q3 FY2026 (quarter ended July 26, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 25% YoY to $9.115B on Semiconductor Systems strength, lifting operating margin to 33.7% and diluted EPS to $3.17.
Biggest Revenue Drivers
Semiconductor Systems$7,040M+27% YoY
Increased foundry and logic spending reflected stronger demand for leading-edge manufacturing technologies; memory spending higher on DRAM technology transitions
Applied Global Services$1,781M+22% YoY
Primarily due to higher long-term service agreement revenue and customer spending on spares
Biggest Revenue Drivers
Total revenue: $9,115M+25% YoY
Semiconductor Systems$7,040M+27% YoY
Increased foundry and logic spending reflected stronger demand for leading-edge manufacturing technologies; memory spending higher on DRAM technology transitions
Within Semiconductor Systems
Foundry, logic and other67% of segment revenue
Down from 69% a year ago as DRAM mix rose
DRAM26% of segment revenue
Up from 22% a year ago on increased customer investments in DRAM technology transitions
Applied Global Services$1,781M+22% YoY
Primarily due to higher long-term service agreement revenue and customer spending on spares
Other$294M+7% YoY
Largest Expense Items
Research, development and engineering$1,100M+$199M YoY
Additional headcount supporting product development initiatives and higher depreciation expense
Marketing and selling$249M+$25M YoY
Higher employee related expenses and higher corporate support costs
General and administrative$162M-$42M YoY
Primarily due to lower corporate support costs
Margins: Gross margin rose 1.5 points to 50.3% on higher revenue, higher average selling prices, lower material and manufacturing costs, and favorable product mix. Operating margin improved 3.1 points to 33.7%.
Watch Items from the Filing
Two customers accounted for approximately 20% and 14% of revenue for the nine months ended July 26, 2026.
China revenue fell 2% YoY to $2,506M and dropped to 28% of revenue from 35%, amid U.S. export licensing restrictions.
February 11, 2026 BIS settlement cost $253M, paid in Q2 FY2026, and carries a suspended denial order waived only after three years of completed audits.
Effective tax rate fell to 12.7% from 30.6%; Singapore reduced rates expire beginning fiscal 2030 and global minimum tax raises foreign taxes from Q1 FY2026.
Accounts receivable grew to $7,691M from $5,185M and DSO rose to 77 days from 72; interest and other income swung to -$100M on equity investment losses.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
65 transactions in AMAT reported by 21 members of Congress under the STOCK Act, most recent trade Jul 10, 2026. Reported transactions, not recommendations.
About APPLIED MATERIALS INC /DE (AMAT): stock profile, AI score and financials
APPLIED MATERIALS INC /DE (AMAT) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores AMAT at 71.6/100 on a composite quality score built from its SEC filings, placing it at rank #175 of 2,925 stocks — the top 10% of the AI-ranked universe. AMAT scores in the top quartile across balance sheet strength (97.3), revenue scale (95.1), profitability (92.0). Areas of concern include earnings quality (37.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 36.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), APPLIED MATERIALS INC /DE reports quarterly revenue of $9.1B, net income of $2.5B, an operating margin of 33.7%. Top institutional holders of AMAT by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. AMAT trades on the Nasdaq exchange and files with the SEC under CIK 6951. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AMAT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for APPLIED MATERIALS INC /DE directly from SEC EDGAR.