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Applied Materials AMAT Q1 2026 earnings

Reported February 12, 2026 · After market close

Revenue$7.0BBeat by $141.9M
EPS$2.38Beat by $0.17
Revenue estimate$6.9B
EPS estimate$2.21

Next report

Nov 12, 2026 (in a month)
Revenue estimate$10.3B
EPS estimate$4.06

Financials

Q1 2026

Income statement

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Revenue$7.0B-2.1%
Gross profit$3.4B-1.7%
Operating income$1.8B-15.8%
Net income$2.0B+71.0%
EPS (diluted)$2.54+75.2%

Balance sheet

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Cash & equivalents$1.5B+18.6%
Total debt$7.2B+9.1%
Total equity$21.7B+16.6%
Total assets$37.6B+12.9%

Cash flow

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Operating cash flow$1.7B+82.3%
CapEx$646.0M+69.6%
Free cash flow$1.0B+91.2%

Valuation & ratios

Valuation

as of 01/25/26
See full
Market cap$255.83B+70.7%
Enterprise value$261.48B+68.5%
P/E32.6×+9.0×
P/S9.1×+3.6×

Profitability

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Gross margin48.7%+1.0pp
Operating margin28.2%-1.1pp
Net margin27.8%+4.8pp
FCF margin22%+0.5pp

Returns & leverage

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Return on equity38.9%+3.7pp
Debt / equity0.3×0.0×
Current ratio2.7×0.0×

Segments

By segment

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Semiconductor Systems$5.1B-8.1%
Applied Global Services$1.6B+15.2%

FAQ

When did Applied Materials report Q1 2026 earnings?
Applied Materials (AMAT) reported Q1 2026 earnings on February 12, 2026 after market close.
What were Applied Materials's Q1 2026 revenue and EPS?
Applied Materials reported revenue of $7.0B and eps of $2.38 for Q1 2026.
Did Applied Materials beat estimates in Q1 2026?
Revenue beat the consensus estimate of $6.9B by $141.9M. EPS beat the consensus estimate of $2.21 by $0.17.
How did Applied Materials's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.1% from $7.2B a year earlier and eps grew 0.0% from $2.38.
Where can I find Applied Materials's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-007444) and the 10-Q periodic report (0001628280-26-009694) directly on SEC EDGAR. The filing index links above go to sec.gov.