Ppricedin.markets
← every company
AMAT Applied Materials
fiscal Q3 2026 · reported Aug 13, 2026 after close
Pre-earnings release · sealed Aug 13 → Post-release → Post-call outlook
Built from the 8-K minutes after release, scored against expectations sealed Aug 13. The post-call outlook is live — the full forecast, re-underwritten on the 8-K and the earnings call.

How AMAT reported against expectations

surprise = reported − our number, positive is above · our 80% range, low to high · | our number · reported
metric reported our number surprise
Revenue $M 9,115 9,035
+80
+0.9%
8,550
9,475
Adjusted EPS 3.50 3.41
+0.09
+2.6%
3.18
3.67
GAAP EPS 3.17 3.45
−0.28
−8.1%		 below-the-line items; operating income was in line
EBITDA $M pending 3,374 — fills when the full statements parse
Adjusted EBITDA not reported by AMAT
Gross margin 50.3% 50.1%
+0.2 pt
Operating margin 33.7% 33.7% in line
Capex $M 707 650
+57
+8.8%
Free cash flow $M 2,330 1,618
+712
+44.0%
900
2,275
above the range high

Company guidance

Resolved — their fiscal Q3 guide issued at the fiscal Q2 print · resolved by this release
their guide reported
Revenue $M 8,950 ± 500 9,115 +165 above midpoint
Adjusted EPS 3.36 ± 0.20 3.50 +0.14 above midpoint
Issued at this print — their first fiscal Q4 guide new information in this release
they set vs their prior guide
mid 8,950 / 3.36		 vs what we expected
them to set
Revenue $M 10,250 ± 500 +1,300 +14.5% +900 above ~9,350
Adjusted EPS 4.02 ± 0.20 +0.66 +19.6% +0.49 above ~3.53
the new midpoint implies +12.5% revenue and +14.9% adjusted-EPS growth on the quarter just reported

Fiscal-year path — superseded post-call outlook →

FY2026
33,222
EPS 12.37
FY2027
38,650
EPS 15.00
FY2028
42,250
EPS 17.00
FY2029
45,200
EPS 18.77
Pre-earnings numbers, shown dimmed — the post-release update is re-forecasting the full outlook on this 8-K. Each number returns with its change and what caused it.
Surprise = reported − our sealed number. A dash is never an estimate. Track record page: coming with the next graded cycle