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Applied Materials AMAT Q2 2026 earnings

Reported May 14, 2026 · After market close

Revenue$7.9BBeat by $226.7M
EPS$2.86Beat by $0.18
Revenue estimate$7.7B
EPS estimate$2.68
“Applied Materials delivered record quarterly performance, and we now expect our semiconductor equipment business to grow more than 30 percent 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

Next report

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

Financials

Q2 2026

Income statement

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Revenue$7.9B+11.4%
Gross profit$3.9B+13.3%
Operating income$2.5B+16.3%
Net income$2.8B+31.3%
EPS (diluted)$3.51+33.5%

Balance sheet

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Cash & equivalents$1.5B+4.0%
Total debt$7.3B+9.0%
Total equity$23.9B+26.1%
Total assets$40.3B+19.8%

Cash flow

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Operating cash flow$845.0M-46.2%
CapEx$635.0M+24.5%
Free cash flow$210.0M-80.2%

Valuation & ratios

Valuation

as of 04/26/26
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Market cap$313.07B+157%
Enterprise value$318.84B+151%
P/E36.8×+18.7×
P/S10.8×+6.4×

Profitability

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Gross margin49%+0.8pp
Operating margin28.6%-1.1pp
Net margin29.3%+5.3pp
FCF margin18.4%-2.5pp

Returns & leverage

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Return on equity39.7%+3.3pp
Debt / equity0.3×0.0×
Current ratio2.5×0.0×

Segments

By segment

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Semiconductor Systems$6.0B+10.4%
Applied Global Services$1.7B+17.3%

FAQ

When did Applied Materials report Q2 2026 earnings?
Applied Materials (AMAT) reported Q2 2026 earnings on May 14, 2026 after market close.
What were Applied Materials's Q2 2026 revenue and EPS?
Applied Materials reported revenue of $7.9B and eps of $2.86 for Q2 2026.
Did Applied Materials beat estimates in Q2 2026?
Revenue beat the consensus estimate of $7.7B by $226.7M. EPS beat the consensus estimate of $2.68 by $0.18.
How did Applied Materials's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.4% from $7.1B a year earlier and eps grew 19.7% from $2.39.
Where can I find Applied Materials's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-035071) and the 10-Q periodic report (0001628280-26-037227) directly on SEC EDGAR. The filing index links above go to sec.gov.