# Applied Materials (AMAT): Record Quarter, China Recovery & the Selloff Explained

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Text version: https://stenobird.com/podcast/chip-stock-investor-podcast-6441813/applied-materials-amat-record-quarter-china-recovery-the-selloff-explained.md
Podcast: [Chip Stock Investor Podcast](https://stenobird.com/podcast/chip-stock-investor-podcast-6441813)
Published: 2026-08-17T14:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/chipstockinvestor/episodes/Applied-Materials-AMAT-Record-Quarter--China-Recovery--the-Selloff-Explained-e3ngnp8
Audio file: https://anchor.fm/s/e2cacf78/podcast/play/124329192/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-7-17%2F429987930-44100-2-30874bb67b30e.mp3
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Duration seconds: 770

## Resource

Applied Materials just guided toward its first ever quarter exceeding ten billion dollars in revenue, with year-over-year growth above fifty percent at the midpoint. Nick breaks down the full AMAT update for August 2026 — results, guidance, the China recovery, and whether the stock still belongs in a portfolio after the selloff. Q3 fiscal year 2026 came in at nine point one billion in revenue with gross margins at fifty percent and operating margins above thirty percent. China is back in growth mode at roughly two point three billion in revenue. The ICAPS segment covering power, optical, and automotive is recovering. Applied is doubling manufacturing capacity by 2028. A reverse DCF suggests the stock is pricing in twenty-four percent annual earnings per share growth — not cheap, but CSI remains long. For in-depth research and the Semiconductor Insider membership, visit chipstockinvestor.com . Use fiscal.ai/csi for 15% off any paid plan. --- Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. CSI owns shares of AMAT.

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## Transcript

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