Citable filing context

AMAT filing events and research context

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AMAT's research view summarizes recent SEC filing context, starting with earnings from May 14, 2026.

AMAT filing events and research context
FiledItemContext
May 14, 2026earningsApplied Materials announced Q2 2026 financial results for the quarter ended April 26, 2026.
Mar 13, 2026otherAMAT shareholders voted on three proposals, including director elections, at the Annual Meeting.
Feb 12, 2026earningsApplied Materials announced financial results for its first quarter ended January 25, 2026.
May 14, 2026Guidance: non_gaap_diluted_eps3.16 to 3.56
May 14, 2026Guidance: revenue8450.00 to 9450.00
May 14, 2026Guidance: semiconductor_equipment_business_growth30.00 to not reported
May 21, 2026mda_quarterlyApplied Materials reported robust financial performance for the three months ended April 26, 2026, with revenue increasing 11% year-over-year to $7.91 billion, net income rising 31% to $2.81 billion, and diluted EPS growing 33% to $3.51. Gross margin expanded to 49.9%. The Semiconductor Systems segment, comprising 75% of revenue, grew 10%, primarily driven by increased spending from foundry and logic customers for leading-edge manufacturing technologies and higher DRAM investments for technology transitions. Applied Global Services (AGS) revenue increased 17%, fueled by higher long-term service agreement revenue and customer spending on spares, with a strategic focus on shifting to a subscription model for predictability. Research, Development, and Engineering (RD&E) expenses increased due to investments in product development initiatives and headcount. The company recorded a $253 million charge in the first six months of fiscal 2026 for a legal settlement related to export controls compliance. U.S. export regulations, particularly impacting sales to China, continue to pose a risk by limiting certain product and service offerings. Applied Materials has recorded $1.1 billion in investment tax credits under the CHIPS Act and anticipates further benefits from the One Big Beautiful Bill Act (OBBBA), which increases the investment tax credit to 35%. However, global minimum tax regimes, especially in Singapore, are expected to materially increase foreign taxes. The company generated $2.5 billion in operating cash flow in the first six months, utilizing $737 million for stock repurchases and $730 million for dividends.
Feb 19, 2026mda_quarterlyApplied Materials reported a 2% revenue decrease to $7.01 billion for the quarter ended January 25, 2026, compared to the prior year, primarily driven by a decline in its Semiconductor Systems segment. Semiconductor Systems revenue fell 8%, as reduced demand for trailing edge logic systems offset increased customer investments in DRAM technology transitions. Conversely, the Applied Global Services (AGS) segment grew 15%, fueled by higher long-term service agreement revenue and spares, reflecting a strategic shift towards a subscription model and a growing installed base. Gross margin slightly improved to 49.0% due to higher average selling prices and lower material costs. However, operating income decreased significantly by $344 million, largely impacted by a $253 million legal settlement charge related to export controls compliance and increased RD&E investments for new product development. Net income and diluted EPS saw substantial increases, primarily due to a significantly lower effective tax rate of 13.0%, benefiting from immediate expensing of U.S. research costs and new tax incentives in Singapore. Geographically, revenue from Taiwan and Southeast Asia increased due to higher equipment investments, while China, Korea, and the U.S. saw declines, partly influenced by ongoing U.S. export regulations impacting sales to China. The company generated $1.7 billion in operating cash flow, maintaining a strong liquidity position with $13.5 billion in cash and investments. Capital allocation included $337 million in share repurchases and $365 million in dividends.

Source: SEC EDGAR filing text and events; period May 14, 2026; filed May 14, 2026.

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