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 +32 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 highlights AI-driven growth at Morgan Stanley TMT Conference 2026
AMAT
Revenue Acceleration/Inflection
New Projects/Investments
- High equipment demand with customers providing 2+ years' visibility, enabling Applied to double capacity and proactively address supplier bottlenecks.
- AI-driven market inflection sees leading-edge logic, DRAM, and advanced packaging as the fastest-growing segments, aligning with Applied’s inflection-focused strategy.
- EPIC co-innovation hub accelerates materials-to-commercialization by enabling parallel R&D with customers and academia, boosting success rates and reducing cycle times.
- DRAM share gains in both conventional and HBM segments driven by enhanced patterning, integrated material solutions, and co-optimized process flows.
- Copper interconnect complexity expands with 20+ layers and advanced multi-tech integration, securing at least three additional nodes of growth; molybdenum contacts complement rather than replace copper.
2 days ago
Applied Materials outlines AI-driven surge and strategic investments
AMAT
New Projects/Investments
Revenue Acceleration/Inflection
- As president Prabhu Raja emphasized very high semiconductor tool demand and a looming “super cycle” powered by data-center AI, with leading-edge logic, DRAM, and advanced packaging as the fastest-growing segments where Applied is #1.
- Since COVID, Applied has secured 2+ years of customer order visibility, strengthened partnerships with 2,000+ suppliers, and expanded its service workforce, positioning it to avoid the 2021 bottleneck.
- The company has invested billions in its EPIC co-innovation center to enable parallel development with universities and customers—Samsung being the first announced partner—with more collaborations forthcoming to accelerate material and process commercialization.
- Applied highlighted its leadership across inflection points: integrated materials solutions for Gate-All-Around transistors and wiring (copper interconnects), DRAM patterning share gains (EUV and conventional), and dominance in HBM and 3D chiplet advanced packaging.
2 days ago
Applied Materials outlines AI-driven growth strategy at Morgan Stanley Conference
AMAT
New Projects/Investments
Revenue Acceleration/Inflection
- Demand remains at record highs, with customers providing over two years of visibility and requiring on-time tool delivery, prompting Applied to scale operations and deepen supplier partnerships.
- Strategy centers on inflection-focused innovations in leading-edge logic, DRAM and advanced packaging—areas where Applied holds #1 market share and which are the fastest growing under AI/data-center capex trends.
- Launched the EPIC co-innovation facility to compress the 10–15-year materials-to-chip cycle by enabling universities, equipment teams and chipmakers to co-innovate; initial partnership announced with Samsung and more to follow.
- Post-COVID operational overhaul has doubled manufacturing capacity, improved forecasting accuracy and strengthened customer/supplier collaboration to mitigate potential bottlenecks.
- Emphasizes value-sharing with customers over blanket price hikes, driving a 7 pp gross-margin increase since management’s strategic shift while reinvesting in R&D.
2 days ago
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
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