Applied Materials, Inc. earnings overview

AMAT FY2026 Q2 · Calendar Q2 2026

Applied Materials, Inc.

Applied Materials delivered record Q2 FY2026 results with revenue of $7.91 billion and EPS of $2.86, beating consensus on both lines. AI computing workloads -- including generative and agentic AI -- are driving demand for leading-edge logic, DRAM, and high-bandwidth memory packaging, which management expects to fuel over 30% wafer-fab equipment growth in 2026. Gross margin reached a 25-year high near 50%, with operating margin above 30%. New product launches across gate-all-around and etch technologies, the EPIC Center co-innovation platform with major foundry and memory partners, and the NEXX acquisition for panel-level packaging position Applied Materials across multiple growth vectors. The stock drifted materially higher after the report.