Applied Materials posted Q3 FY2026 revenue of $9.12 billion, up 25% year over year; GAAP diluted EPS rose 43% to $3.17.
GAAP gross margin widened 1.5 percentage points to 50.3%; non-GAAP diluted EPS climbed 41% to $3.50.
Cash from operations reached a record $3.04 billion; $860 million returned to shareholders via $440 million in buybacks and $420 million in dividends.
Management commentary and outlook
CEO Gary Dickerson cited AI-driven demand; raised Semiconductor Systems revenue expectations for calendar 2026, forecasting another strong growth year in 2027.
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