AMAT hits its highest gross margin in 25 years as AI chip demand, premium products and services fuel profitability growth.
AMAT posts record Q2 results as AI-driven chip demand lifts revenue, margins and customer forecasts for 2027 growth.
Eight Wall Street firms hiked their price targets on Applied Materials (NASDAQ:AMAT | AMAT Price Prediction) in a single coordinated wave on May 15, following the chip equipment giant's record Q2 FY2026 results.
Applied Materials, Inc. (AMAT) Q2 2026 Earnings Call Transcript
Applied Materials (AMAT) came out with quarterly earnings of $2.86 per share, beating the Zacks Consensus Estimate of $2.68 per share. This compares to earnings of $2.39 per share a year ago.
Applied Materials NASDAQ: AMAT reported record fiscal second-quarter revenue and earnings, with executives saying accelerating demand for artificial intelligence infrastructure is reshaping semiconductor equipment spending toward areas where the company holds leading positions.
Applied Materials Inc (NASDAQ:AMAT, XETRA:AP2) shares rose about 4% in after-hours trading on Thursday after the semiconductor equipment maker reported stronger-than-expected fiscal second quarter results and issued upbeat guidance, supported by continued demand tied to artificial intelligence investments. The company posted record revenue of $7.91 billion for the quarter ended April 26, up 11% from a year earlier and above analyst expectations of $7.69 billion.
Chief Executive Gary Dickerson said the results mark a record quarterly performance, and the company expects its growth to continue alongside the rapid global buildout of AI computing infrastructure.
Applied Materials (AMAT) will report fiscal second-quarter earnings after markets close Thursday, with investors closely watching whether booming artificial intelligence-related semiconductor spending can continue offsetting slowing growth from China. Shares of the semiconductor equipment maker have surged roughly 70% this year as investors bet the company will remain a major beneficiary of the global AI infrastructure buildout despite export restrictions and softer Chinese demand.
With results for its fiscal second quarter approaching after-market hours on Thursday, May 14, Applied Materials has quietly become one of Wall Street's hottest AI infrastructure plays.
Applied Materials' AI-driven semiconductor systems business is gaining from foundry, logic and DRAM demand ahead of fiscal Q2 results.
Applied Materials is scheduled to report quarterly earnings after the closing bell Thursday, with the chipmaking equipment manufacturer's stock seen potentially reaching new highs following the report.