AMAT · 10-Q · 2026Q3

APPLIED MATERIALS INC /DE

Filed 2026-08-20 · Technology · View original filing on EDGAR

Ranked Events

• Income Tax Rate ChangesImportance 77 · Surprise 82
  The effective tax rate declined to 12.7% in the third quarter from 30.6% in the prior-year quarter, reducing the rate by 17.9 percentage points. For the first nine months, the effective tax rate declined to 12.9% from…
• Domestic Manufacturing InvestmentImportance 64 · Surprise 42
  The U.S. CHIPS and Science Act provides a 25% investment tax credit for qualifying domestic semiconductor-manufacturing investments placed in service after December 31, 2022, with construction beginning before January…
• Operating Income and MarginsImportance 64 · Surprise 56
  Third-quarter operating income increased to $3.075 billion from $2.233 billion, and nine-month operating income increased to $7.429 billion from $6.577 billion. Consolidated operating margin expanded 3.1 percentage…
• Revenue Performance and MixImportance 59 · Surprise 48
  Nine-month revenue increased 11.4% year over year to $24.037 billion from $21.568 billion, while third-quarter revenue increased 24.8% to $9.115 billion from $7.302 billion. Semiconductor Systems revenue rose to…
• Advanced Services GrowthImportance 58 · Surprise 42
  Applied Global Services is shifting its service and spares business toward a subscription agreement model. Management expects the model to improve customer fab performance and optimize operating costs while providing…
• Applied Global Services GrowthImportance 49 · Surprise 32
  Applied Global Services provides services, spares and factory-automation software to fabrication plants worldwide, supporting the company’s installed base of semiconductor and other equipment. Demand is linked to wafer…
• Geographic Revenue PerformanceImportance 49 · Surprise 32
  Asia Pacific revenue increased 8.7% year over year to $20.022 billion for the first nine months, representing approximately 83.3% of total revenue. Taiwan revenue rose 17.5% to $5.902 billion, while Korea revenue…
• Gross Margin DriversImportance 49 · Surprise 32
  Third-quarter gross margin increased 1.5 percentage points year over year to 50.3%, while nine-month gross margin increased 0.9 points to 49.8%. The improvement was primarily driven by higher revenue, higher average…
• Capital Return ProgramImportance 48 · Surprise 42
  Cash used for common-stock repurchases totaled $1.2 billion in the first nine months of fiscal 2026. Cash dividends paid to stockholders also totaled $1.2 billion during the period. The March 2025 authorization added…
• Liquidity and Debt PositionImportance 47 · Surprise 22
  Cash, cash equivalents, and investments totaled $14.501 billion as of July 26, 2026, up from $12.900 billion at October 26, 2025. Nine-month operating cash flow increased to $5.568 billion from $5.130 billion,…
• Research and Development ExpenseImportance 47 · Surprise 22
  Nine-month research, development and engineering expense increased to $3.055 billion from $2.653 billion, a $402 million or 15.2% year-over-year increase. Third-quarter RD&E expense was $1.100 billion and increased…
• Geographic Market CommentaryImportance 42 · Surprise 14
  Asia Pacific remained Applied Materials’ dominant customer region, accounting for $20.0 billion of the first nine months of fiscal 2026 revenue versus $18.4 billion in the prior-year period. Taiwan revenue rose to $5.9…
• Export Controls SettlementImportance 41 · Surprise 60
  Applied Materials recorded a $253 million charge in the first nine months of fiscal 2026 for a settlement resolving a previously disclosed export-controls compliance matter. The charge reduced Semiconductor Systems’…
• OECD Global Minimum TaxImportance 40 · Surprise 42
  Countries where Applied Materials operates have enacted or are planning tax laws implementing the OECD Base Erosion and Profit Shifting global minimum-tax regime. The rules began taking effect in fiscal 2025, and the…
• Export Controls / Regulatory RiskImportance 40 · Surprise 42
  U.S. export regulations have restricted Applied Materials’ ability to provide certain semiconductor products and services to customers in China for several years. The U.S. government continues to impose new export…
• Capital Expenditures ProgramImportance 37 · Surprise 6
  Capital expenditures totaled $2.0 billion in the first nine months of fiscal 2026. Capital expenditures represented approximately 8.3% of nine-month revenue of $24.037 billion. Cash used in investing activities was…
• Headcount / RestructuringImportance 28 · Surprise 42
  Applied Materials recognized $12 million of restructuring charges in the first nine months of fiscal 2026. The charges consisted primarily of severance and other employment-termination benefits under the approved…
• Products and TechnologyImportance 23 · Surprise 24
  The Semiconductor Systems portfolio addresses patterning, transistor, interconnect, process-control and packaging challenges for smaller dimensions, more complex chip architectures and new materials. Applied Materials…
• Market Demand TrendsImportance 23 · Surprise 24
  Applied Materials’ demand is driven by semiconductor customers’ capital-equipment and service spending in response to worldwide semiconductor demand, technology transitions and production-volume changes. Foundry and…
• Supply Chain CommitmentsImportance 13 · Surprise 6
  Applied Materials’ customer shipments and installations depend partly on customer facility readiness and the timing of equipment installation at customer sites. The company’s equipment and service offerings require…

Revenue by Product (in millions)

Revenue by Geography (in millions)