Applied Materials : Q2 FY26 Financial Results Snapshot

Published: 2026-05-14 17:03:29 ET AMAT

Published on 05/14/2026 at 05:03 pm EDT

‌FINANCIAL OVERVIEW

KEY THEMES

Q 2 ' 2 6 REV EN UE

$7.91B

11% YoY

10% YoY

17% YoY

50.0% 80bps YoY

$2.86 20% YoY

$210M in Free Cash Flow*

$400M share repurchases

$365M dividends

Strong Q2 performance and Q3 outlook

fueled by accelerating AI adoption

» Delivered record revenue, earnings, and highest gross margin in >25 years

» Now expect semiconductor equipment business to grow >30% in CY26**

» Customers increasing cleanroom capacity and serving new demand drivers

» Investing with confidence in R&D and operations to support strong, long-term growth expected by customers

Applied Materials delivered record quarterly performance, and we now expect our semiconductor equipment business to grow more than 30% in calendar 2026. 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."

Gary Dickerson,

PRESIDENT AND CEO

Industry spending mix shifted to leading-edge foundry/logic, DRAM, advanced packaging

» Expect these areas to represent >80% of 2026 WFE market growth, similar profile in 2027

» AI adoption is accelerating and diversifying, driving higher growth for Applied

» Launched new deposition systems for Gate-All-Around transistors

» Strengthened panel packaging portfolio with

This document contains forward-looking statements, which are not guarantees of future performance. Risks and uncertainties that could cause our actual results to differ materially from those expressed or implied by such statements include those described in our SEC filings, including our most recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management's current estimates, projections and assumptions, and we assume no obligation to update them.

* For reconciliation of GAAP to non-GAAP results, see

the investor relations page at ir.appliedmaterials.com

** CY26 refers to FQ2'26-FQ1'27. FQ1'27 will be a 14-week quarter

pending NEXX acquisition

Transforming how we work through EPIC, advanced services, and rapid AI adoption

» EPIC partners now include Micron, Samsung, SK hynix, TSMC, Advantest, ASU, RPI, Stanford

» Driving services innovation to accelerate technology transfer from lab to fab

» Deploying AI to drive breakthroughs, accelerate R&D and optimize operations

Applied Materials External

Applied Materials | SECOND QUARTER FISCAL 2026

Disclaimer

Applied Materials Inc. published this content on May 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 14, 2026 at 21:02 UTC.