Applied Materials, Inc. (AMAT)
NASDAQ:AMAT
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Earnings Data
Report Date
Aug 13, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
3.36Last Year’s EPS
2.48Same Quarter Last Year
Strong Buy
Based on 29 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive operating picture: record revenue, record EPS, expanding gross and operating margins, robust segment growth (Semiconductor Systems, DRAM, AGS) and confident forward guidance (Q3 and calendar 2026 equipment growth >30%). Management emphasized technology leadership (etch, ALD, advanced packaging, EPIC collaboration) and service monetization via AIx. Offsetting risks include supply-chain and clean-room capacity constraints that require multi-quarter coordination, a digestion period in ICAPS/300mm demand, sizeable ongoing capex that pressures near-term free cash flow, and geopolitical/regulatory exposure tied to China. Overall, the business momentum and visible multi-year demand from AI appear to substantially outweigh these manageable challenges.Company Guidance
Record Quarterly Results
Reported record revenue of $7.91 billion (up 13% sequentially and 11% year-over-year) and record non-GAAP EPS of $2.86 (up 20% year-over-year).
Strong Margin Expansion
Non-GAAP gross margin reached 50% in the quarter (up ~80 basis points year-over-year); non-GAAP operating margin expanded to 32.1% (up ~140 basis points year-over-year). Semiconductor Systems gross margin ~54.8% in Q2.
Robust Segment Performance — Semiconductor Systems & DRAM
Semiconductor Systems delivered record revenue of $5.97 billion (up 16% sequentially and 10% year-over-year). DRAM revenue was $1.7 billion, growing 18% year-over-year.
Applied Global Services (AGS) Strength
AGS delivered record revenue of $1.67 billion (up 17% year-over-year). Management now expects sustainable AGS growth in the mid-teens and potentially higher this year due to rising fab utilization and service adoption.
Strong Forward Guidance
Q3 revenue guidance of $8.95 billion ± $500 million (implying ~23% year-over-year growth) and non-GAAP EPS guidance of $3.36 ± $0.20 (implying ~36% year-over-year growth).
Year Outlook — Equipment Growth Driven by AI
Company expects its semiconductor equipment business to grow more than 30% in calendar 2026, driven by leading-edge foundry logic, DRAM and advanced packaging which management expects to account for >80% of year-over-year wafer fab equipment spending growth in 2026.
Advanced Packaging and Product Wins
Management expects packaging revenues to grow more than 50% in calendar 2026; announced intent to acquire NEXX to strengthen panel-level packaging technologies and highlighted new gate-all-around product launches (Trillium ALD and a precision PECVD system).
Technology & Process Leadership (Etch, PDC, Sym3)
Company highlighted leadership in conductor etch and process control (e-beam/Cold Field Emission) and noted Sym3 as the fastest ramping product in company history ("more than 250 chambers" referenced and multi-hundreds of millions in etch growth).
EPIC Collaboration & Partnerships
Announced the EPIC Center (on track for fall) and founding/co-development partners including TSMC, Micron, Samsung, SK Hynix, Advantest and university partnerships (ASU, RPI, Stanford) to accelerate co-innovation and multi-node visibility.
Operational Investments & Capacity
Nearly doubled manufacturing capacity with expansions in the U.S., Europe and a new manufacturing center in Singapore; strengthened supply chain planning via rolling 8-quarter forecasts with major customers.
Service Digitalization & Installed Base
More than 35,000 chambers are connected to proprietary AIx software for monitoring, diagnostics and analytics, supporting higher-value service offerings and expected AGS margin expansion.
Cash Returns & Capital Allocation
Cash from operations $845 million; capex $635 million; free cash flow $210 million. Returned $765 million to shareholders in the quarter including $365 million in dividends and $400 million in share repurchases; announced a 15% increase to the quarterly dividend and achieved a multi-year goal of doubling dividend per share.
AMAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AMAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | $440.01 | $436.08 | -0.89% |
Feb 12, 2026 | $327.57 | $354.03 | +8.08% |
Nov 13, 2025 | $222.24 | $225.01 | +1.25% |
Aug 14, 2025 | $186.87 | $160.58 | -14.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Applied Materials, Inc. (AMAT) report earnings?
Applied Materials, Inc. (AMAT) is schdueled to report earning on Aug 13, 2026, After Close (Confirmed).
What is Applied Materials, Inc. (AMAT) earnings time?
Applied Materials, Inc. (AMAT) earnings time is at Aug 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMAT EPS forecast?
AMAT EPS forecast for the fiscal quarter 2026 (Q3) is 3.36.
