AMAT · Full Picture

APPLIED MATERIALS INC /DE — the full picture

Earnings window · 2026-05-21 to 2026-09-24 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Guidance / Outlook · Guidance & outlookPriority 93
    +220.3% revenue; 3 sources (news, press_release, transcript); 11 forward row(s); quote_verified
    Applied Materials expects fiscal fourth-quarter revenue of $10.25 billion, plus or minus $500 million -- about 51% year-over-year growth at the midpoint.
  2. Revenue Performance and Mix · Revenue growth & mixPriority 87
    +2.5% revenue; 4 sources (news, press_release, sec_filing, transcript); 1 forward row(s); quote_verified
    Q3 FY2026 revenue: $9.1 billion (record), up 15% sequentially and 25% year over year.
  3. Capital Return Program · Buybacks & dividendsPriority 85
    -27.9% cash; 4 sources (news, press_release, sec_filing, transcript); 2 forward row(s); structured_verified
    As of July 26, 2026, approximately $12.8 billion remained available for future stock repurchases under the repurchase program.
  4. Income Tax Rate Changes · TaxPriority 82
    +24.9% net_income (realized); 3 sources (press_release, sec_filing, transcript); 4 forward row(s); quote_verified
    Provision for income taxes for the nine months ended July 26, 2026 decreased by $813 million versus prior period (provision shown as $(415) for current and $1,903 prior), and effective tax rate for nine months ended July 26, 2026: 12.9% versus 27.2% prior year (decrease of 14.3 points).
  5. Market Demand Trends · Demand, orders & backlogPriority 79
    4 sources (news, press_release, sec_filing, transcript); 6 forward row(s); quote_verified
    Bank of America projects wafer fab equipment spending to rise from $144 billion in 2026 to $250 billion by 2028, a trend cited in the context of Applied Materials' outlook.
  6. Domestic Manufacturing Investment · Capacity & footprint expansionPriority 76
    -6.2% cash; 2 sources (news, sec_filing); 8 forward row(s); quote_verified
    Applied Materials announced it will invest $5 billion in India over the next decade, focusing on research, supply chain expansion, and workforce development.
  7. Gross Margin Drivers · Gross marginPriority 75
    +5.4% margin; 4 sources (news, press_release, sec_filing, transcript); 1 forward row(s); quote_verified
    Applied Materials's operating margin is expected to rise 640 basis points year-over-year in Q4.
  8. Singapore Manufacturing Expansion · Capacity & footprint expansionPriority 75
    +6.8% assets; 2 sources (news, press_release); 4 forward row(s); quote_verified
    Expanded manufacturing and R&D operations in Singapore with a new US$500 million Tampines Campus that more than doubles Applied’s advanced cleanroom capacity in Singapore.
  9. Applied Global Services Growth · Revenue growth & mixPriority 71
    3 sources (news, sec_filing, transcript); 4 forward row(s); quote_verified
    APPLIED MATERIALS INC /DE expects Applied Global Services (AGS) to grow greater than 20% in calendar 2026 and to deliver a sustainable, long-term annual growth rate in the mid-teens.
  10. Liquidity and Debt Position · Debt, leverage & refinancingPriority 71
    +16.2% cash (realized); 1 forward row(s); structured_verified
    364-Day Credit Agreement amount: $2.0 billion; scheduled to expire in September 2026 with option to convert outstanding loans to term loans maturing September 2027.
  11. Operating Income and Margins · Operating income & profitabilityPriority 71
    +9.6% net_income (realized); 4 sources (news, press_release, sec_filing, transcript); quote_verified
    Q3 FY2026 net income $2,538 million versus Q3 FY2025 $1,779 million, a 43% increase.
  12. Free Cash Flow Trends · Cash flow generationPriority 66
    +8.2% cash (realized); 3 sources (news, press_release, sec_filing); quote_verified
    Generated record cash from operations of $3.04 billion in the quarter.

Threads by pillar

Revenue & Demand Priority 96 · 9 threads

Costs & Margins Priority 92 · 9 threads

Capital & Balance Sheet Priority 96 · 6 threads

Strategy & Portfolio Priority 86 · 10 threads

Legal, Regulatory & Policy Priority 62 · 2 threads

Guidance & Outlook Priority 93 · 1 thread

Macro & Market Conditions Priority 45 · 1 thread

Unclassified Priority 71 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+222.8%+222.8%+56.7%
cash-39.8%+39.8%+15.7%
assets+13.0%+13.0%+11.5%
margin+5.7%+5.7%+7.6%
net_income——+31.7%
operating_income——-1.5%