Earnings summaries and quarterly performance for APPLIED MATERIALS INC /DE.
Executive leadership at APPLIED MATERIALS INC /DE.
Gary Dickerson
Detailed
President and Chief Executive Officer
CEO
BH
Brice Hill
Detailed
Senior Vice President, Chief Financial Officer and Global Information Services
ON
Omkaram Nalamasu
Detailed
Senior Vice President, Chief Technology Officer
PR
Prabu Raja
Detailed
President, Semiconductor Products Group
TL
Teri Little
Detailed
Senior Vice President, Chief Legal Officer and Corporate Secretary
TD
Timothy Deane
Detailed
Group Vice President, Applied Global Services
Board of directors at APPLIED MATERIALS INC /DE.
Research analysts who have asked questions during APPLIED MATERIALS INC /DE earnings calls.
HS
Harlan Sur
JPMorgan Chase & Co.
7 questions for AMAT
Also covers: ADI, ALAB, AMD +16 more
SR
Stacy Rasgon
Bernstein Research
7 questions for AMAT
Also covers: ADI, AMD, AVGO +7 more
VA
Vivek Arya
Bank of America Corporation
7 questions for AMAT
Also covers: ADI, ALAB, ALGM +25 more
Timothy Arcuri
UBS
6 questions for AMAT
Also covers: ADI, ALGM, AMD +18 more
BC
Brian Chin
Stifel Financial Corp.
5 questions for AMAT
Also covers: AEIS, CAMT, COHU +8 more
Melissa Weathers
Deutsche Bank
5 questions for AMAT
Also covers: ENTG, KLAC, LRCX +3 more
AM
Atif Malik
Citigroup Inc.
4 questions for AMAT
Also covers: AAPL, ALAB, ANET +12 more
CM
CJ Muse
Cantor Fitzgerald
4 questions for AMAT
Also covers: ADI, AMD, ASML +15 more
SS
Sreekrishnan Sankarnarayanan
Wolfe Research, LLC
4 questions for AMAT
Also covers: AAPL, AEIS, ARM +21 more
SP
Srinivas Pajjuri
Raymond James & Associates, Inc.
4 questions for AMAT
Also covers: ALAB, ARM, INTC +10 more
TS
Timm Schulze-Melander
Rothschild & Co Redburn
4 questions for AMAT
Also covers: ARM, ASML, KLAC +2 more
CC
Christopher Caso
Wolfe Research
3 questions for AMAT
Also covers: ADI, ALGM, ASML +16 more
CM
Christopher Muse
Cantor Fitzgerald
3 questions for AMAT
Also covers: ADI, AMD, ASML +13 more
KS
Krish Sankar
TD Cowen
3 questions for AMAT
Also covers: AAPL, AEIS, ARM +22 more
MH
Mehdi Hosseini
Susquehanna Financial Group
3 questions for AMAT
Also covers: AEIS, ALAB, ARM +21 more
Vijay Rakesh
Mizuho
3 questions for AMAT
Also covers: ALGM, ALV, ARM +19 more
BC
Blayne Curtis
Jefferies Financial Group
2 questions for AMAT
Also covers: ADI, AIP, ALAB +20 more
Charles Shi
Needham & Company
2 questions for AMAT
Also covers: ACLS, ACMR, ALTR +18 more
JS
Jim Schneider
Goldman Sachs
2 questions for AMAT
Also covers: ACN, ADI, AMD +31 more
Joseph Quatrochi
Wells Fargo Securities, LLC
2 questions for AMAT
Also covers: AEIS, ALGM, ARM +10 more
Mark Lipacis
Evercore ISI
2 questions for AMAT
Also covers: ALAB, ALGM, ARM +6 more
TH
Toshiya Hari
Goldman Sachs Group, Inc.
2 questions for AMAT
Also covers: AMD, AMKR, ARM +17 more
YS
Yu Shi
Susquehanna International Group, LLP
2 questions for AMAT
Also covers: ACLS, ACMR, AMKR +11 more
CC
Chris Caso
Wolfe Research LLC
1 question for AMAT
Also covers: ADI, ALGM, ASML +13 more
JS
James Schneider
Goldman Sachs
1 question for AMAT
Also covers: ACN, AMKR, AMT +29 more
Joe Quatrochi
Wells Fargo
1 question for AMAT
Also covers: AEIS, ALGM, ARM +13 more
JM
Joseph Moore
Morgan Stanley
1 question for AMAT
Also covers: ADI, AEVA, ALAB +22 more
Shane Brett
Morgan Stanley
1 question for AMAT
Also covers: CAMT, KLAC, MKSI +2 more
Recent press releases and 8-K filings for AMAT.
Applied Materials reports Q1 2026 results
AMAT
Earnings
Guidance Update
- Revenue of $7.0 B, down 2% YoY; China revenue fell 7%, representing 27% of combined Semi Equipment & AGS and 30% of total; non-GAAP gross margin was 49.1% (+20 bps YoY); EPS was $2.38, flat YoY.
- Semiconductor Systems revenue of $5.14 B (–8% YoY) with non-GAAP gross margin >54% (+100 bps); Applied Global Services revenue of $1.56 B (+15% YoY) with gross margin up 210 bps.
- Q2 guidance: revenue $7.65 B ± $0.5 B (≈9% seq. growth); non-GAAP EPS $2.64 ± $0.20; Semi Systems $5.8 B, AGS $1.6 B, Other $250 M; gross margin ~49.3%, OpEx ~$1.415 B, tax rate ~11%.
- Expects >20% semiconductor business growth in 2026 led by AI-driven demand in leading-edge logic, DRAM (incl. HBM) and advanced packaging; ICAPS and NAND WFE to be flat; plans >12 new product launches and EPIC co-development platform rollout.
Feb 12, 2026, 9:30 PM
Applied Materials reports Q1 2026 results
AMAT
Earnings
Guidance Update
New Projects/Investments
- Q1 revenue was $5.14 billion, down 8% year-over-year; non-GAAP gross margin rose 100 bps to 54%, and non-GAAP operating margin was 32.9%.
- Applied Global Services delivered a record $1.56 billion in Q1 revenue, up 15% YoY, with non-GAAP gross margin up 210 bps and operating margin up 320 bps.
- Generated $1.69 billion in operating cash flow and $1.0 billion in free cash flow; returned $702 million to shareholders via dividends and buybacks, representing over 85% of FCF.
- Q2 guidance: revenue of $7.65 billion ± $0.5 billion (up ~9% sequentially) and non-GAAP EPS of $2.64 ± $0.20.
- For calendar 2026, expects to grow its semiconductor equipment business >20%, driven by AI-related investment in leading-edge logic, HBM DRAM, and advanced packaging; plans to launch its EPIC co-development platform and over a dozen new products, including advanced logic and DRAM systems.
Feb 12, 2026, 9:30 PM
Applied Materials announces Q1 2026 results
AMAT
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Applied Materials reported Q1 FY2026 Semiconductor Systems revenue of $5.14 billion (-8% YoY) with non-GAAP gross margin rising 100 bps to over 54% and operating margin at 32.9%; Applied Global Services delivered a record $1.56 billion (15% YoY growth).
- Generated $1.69 billion in operating cash flow and $1 billion in free cash flow, returning $702 million to shareholders through dividends and buybacks.
- Q2 FY2026 guidance: revenue of $7.65 billion ± $0.5 billion (≈ +9% sequential), non-GAAP EPS of $2.64 ± $0.20; segment outlook includes ~$5.8 billion in Semiconductor Systems, ~$1.6 billion in Applied Global Services, ~$250 million in Other, and non-GAAP gross margin of 49.3%.
- Reaffirmed expectation to grow its semiconductor equipment business by >20% in calendar 2026 (second-half weighted, paced by clean-room capacity), driven by AI infrastructure investments in leading-edge logic, HBM DRAM, and advanced packaging.
Feb 12, 2026, 9:30 PM
Applied Materials reports Q1 FY26 results
AMAT
Earnings
Guidance Update
- Q1 FY26 revenue of $7.012 billion, down 2% year-over-year and up 3% quarter-over-quarter; China represented 30% of total revenue.
- Non-GAAP EPS of $2.38, flat year-over-year and up 10% quarter-over-quarter; gross margin improved to 49.1%.
- Semiconductor equipment business expected to grow >20% in calendar 2026 as AI infrastructure investments accelerate.
- Q2 FY26 guidance: revenue ~$7.65 billion ± $0.5 billion and non-GAAP EPS ~$2.64 ± $0.20.
Feb 12, 2026, 9:30 PM
Applied Materials announces Q1 2026 results
AMAT
Earnings
Guidance Update
Share Buyback
- Applied Materials reported Q1 FY2026 revenue of $7.01 billion (-2% year-over-year) with GAAP gross margin of 49.0% and non-GAAP gross margin of 49.1%.
- GAAP EPS was $2.54 (up 75% YoY) and non-GAAP EPS was $2.38 (flat YoY).
- The company generated $1.69 billion in cash from operations, returning $702 million to shareholders via $337 million in share repurchases and $365 million in dividends.
- Guidance for Q2 FY2026: revenue of $7.65 billion ±$0.50 billion and non-GAAP EPS of $2.64 ±$0.20.
Feb 12, 2026, 9:03 PM
Applied Materials reports Q1 FY2026 results
AMAT
Earnings
Guidance Update
Share Buyback
- Applied Materials delivered $7.01 billion in Q1 FY2026 revenue, down 2% YoY; GAAP gross margin 49.0% and non-GAAP gross margin 49.1%.
- GAAP EPS of $2.54, up 75% YoY, and non-GAAP EPS of $2.38, flat YoY.
- Generated $1.69 billion in operating cash flow; returned $702 million to shareholders through $337 million in share repurchases and $365 million in dividends.
- Q2 FY2026 outlook: revenue of $7.65 billion ± $0.5 billion and non-GAAP diluted EPS of $2.64 ± $0.20.
- Semiconductor Systems segment revenue of $5.141 billion, with record DRAM revenue, and Applied Global Services delivered record services and spares revenue.
Feb 12, 2026, 9:01 PM
Applied Materials settles $252M export case
AMAT
Legal Proceedings
- Applied Materials agreed to a $252 million settlement over illegal shipments of ion implanters to China’s SMIC, double the transaction value, resolving a multi-year export-control probe.
- The case involves 56 shipments valued at roughly $126 million routed through its South Korean unit without required licenses.
- Applied will undergo audits of its export-compliance program and has terminated the employees responsible; the DOJ and SEC closed related investigations without further action.
- Investors reacted positively, with shares rising and at least one analyst raising its price target to $400 (from $365), implying an 18% upside.
Feb 12, 2026, 3:36 AM
Applied Materials reaches settlement with U.S. Department of Commerce
AMAT
Legal Proceedings
- Applied Materials agreed to a $252.5 million settlement with the U.S. Department of Commerce to resolve alleged export-control violations related to shipments to China from November 2020 to July 2022.
- The U.S. Department of Justice and SEC have closed their related investigations without action, concluding the government’s review.
- With this matter resolved, the company will focus on its technology roadmap and supporting accelerating demand for next-generation semiconductor innovation.
Feb 12, 2026, 2:18 AM
Applied Materials announces Samsung Electronics to join $5 billion EPIC Center
AMAT
New Projects/Investments
- Applied Materials is launching a $5 billion EPIC Center, the largest-ever U.S. investment in advanced semiconductor equipment R&D.
- Samsung Electronics will be the first founding member, joining collaborative R&D programs at the facility.
- The EPIC Center will feature 180,000 sq ft of cleanroom space for joint R&D, targeting materials and process innovations multiple nodes ahead of current chips.
- The facility is on track to become operational in spring 2026, aiming to drastically reduce the time from R&D to commercialization through parallel development and agile collaboration.
Feb 11, 2026, 2:25 PM
Applied Materials unveils transistor and wiring innovations for AI chips
AMAT
Product Launch
- Applied Materials introduced new deposition, etch and materials-modification systems to boost Gate-All-Around transistor performance at 2nm and beyond, aiming to accelerate energy-efficient AI compute.
- The Viva™ radical treatment system delivers angstrom-level precision for smoothing silicon nanosheet surfaces, enhancing channel electron mobility and already adopted by leading logic chipmakers.
- The Sym3™ Z Magnum™ etch system features second-generation pulsed voltage technology (PVT2) with independent ion-angle and ion-energy control to create precise 3D trenches, supporting GAA transistors and advanced memory production.
- The Spectral™ ALD system selectively deposits monocrystalline molybdenum, reducing contact resistance by up to 15% versus tungsten to alleviate interconnect bottlenecks at angstrom nodes.
Feb 10, 2026, 9:05 PM
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