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Live In Play®

Updated: 14-May-26 16:05 ET

AMAT: Applied Materials beats by $0.18, beats on revs; guides Q3 (Jul) EPS and revenue above consensus (440.56 +3.95)

Reports Q2 (Apr) earnings of $2.86 per share, $0.18 better than the FactSet Consensus of $2.68; revenue rose 11% year/year to $7.91 bln vs. the $7.68 bln FactSet Consensus.
- GAAP gross margin 49.9 percent and non-GAAP gross margin 50.0 percent
Co issues upside guidance for Q3 (Jul), sees EPS of 3.16-3.56 vs. $2.89 FactSet Consensus; sees Q3 (Jul) revs of 8.45-9.45 vs. $8.14 bln FactSet Consensus.
"Applied Materials delivered record quarterly performance, and we now expect our semiconductor equipment business to grow more than 30 percent in calendar 2026," said Gary Dickerson, President and CEO. "The rapid global build-out of AI computing infrastructure combined with Applied's strong leadership positions in leading-edge logic, DRAM and advanced packaging provide an exceptionally strong foundation for sustained, multi-year revenue and profit growth."