SourceApplied Materials Announces Third Quarter 2026 Results
Applied Materials reported record third-quarter 2026 revenue of $9.12 billion, driven by high demand for materials engineering solutions for AI.
Why it matters
Increased AI demand is accelerating the development of higher-performance chips and smart glasses. This affects the tech industry by expanding manufacturing capacity and shortening the time to commercialize new chip technologies.
The details
- Non-GAAP EPS rose 41% year-over-year to a record $3.50.
- The company invested $500 million in a new Tampines Campus in Singapore.
- Six new chipmaking systems were introduced for DRAM and advanced packaging.
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