Applied Materials (AMAT) Q3 FY26 earnings results beat revenue, but miss EPS whisper number

Applied Materials recorded a record quarterly revenue of $9.12 billion on the back of demand for AI technology and semiconductors.

by · Shacknews

Semiconductor manufacturing engineer company Applied Materials (AMAT) posted its Q3 FY26 earnings results, and it looks like mostly good news for the company. Applied Materials’ revenue hit record highs for a single quarter and beat expectations, and though its earnings-per-share (EPS) beat Wall Street estimates, they couldn’t quite overcome the whisper number expectation.

Applied Materials posted its Q3 FY26 earnings results on its investor relations website. For its revenue, the company posted revenue of $9.12 billion, which was the highest the company has ever had in a single quarter. It was also enough to beat the $9 billion analyst consensus. For EPS, the number came out to $3.50 per share, enough to beat the Wall Street expectation of $3.38 per share, but not more than Earnings Whisper expected at $3.56 per share.

Applied Materials (AMAT) stock price was down in after-hours trading following the release of its Q3 FY26 earnings results.
Source: Google

Applied Materials creates machinery that manufactures semiconductors for other companies, so in the current AI boom where components and chips are in high demand, so is Applied Materials. The company’s record quarterly revenue is one of many stories in the market where tech companies have leaned heavily into the trend, often curtailing other pursuits to prioritize it like AMD. And with customers like Apple, Micron, Samung, SK Hynix, and TSMC utilizing its products, Applied Materials remains in position for continued success as the trend carries on.

Stay tuned to the Applied Materials topic for further updates and news.

Sign up for our monthly roundup of exclusive content, top stories, and updates from Shacknews - once a month, no spam.

Shacknews staff does not use generative artificial intelligence (AI) in their content. Shacknews strictly prohibits the use of its content for AI training or to generate text, including text in the style or format used for this publication. Shacknews reserves all rights to this work.