Applied Materials posted the prepared transcript of its fiscal Q3 2026 earnings call with CEO Gary Dickerson, CFO Brice Hill, and IR head Mike Sullivan.
Revenue hit $9.1 billion; non-GAAP EPS was $3.50; non-GAAP gross margin was 50.4%; and non-GAAP operating margin was 34%.
Demand visibility improved as major customers provided longer-term commitments with rolling eight-quarter forecasts, supporting confidence in 2027 growth.
Q4 outlook: revenue of $10.25 billion ± $500 million; non-GAAP EPS of $4.02 ± $0.20; and non-GAAP gross margin of about 50.4%.
Advanced packaging revenue is expected to rise more than 70% in calendar 2026; China represented 26% of combined Systems and Services revenue.
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