Applied Materials, Inc.

Equities

AMAT

US0382221051

Semiconductor Equipment & Testing

Market Closed - Nasdaq Other stock markets 21:00:00 05/06/2026 BST			After hours 23:10:05
453.01 ^USD	-9.71%		450.51	-0.55%

06-05	Applied Materials Insider Sold Shares Worth $1,247,154, According to a Recent SEC Filing	MT
06-05	Applied Materials Insider Sold Shares Worth $25,264,197, According to a Recent SEC Filing	MT

Applied Materials Raises Outlook as Semiconductor Equipment Demand Grows -- 2nd Update

Published on 05/14/2026 at 09:12 pm BST

Dow Jones

APPLIED MATERIALS, INC.

-9.71%

By Kelly Cloonan

Applied Materials expects stronger sales for its semiconductor equipment business this year than it previously forecast as demand for artificial intelligence computing continues to surge.

The boost to guidance came as the semiconductor-equipment maker reported higher profit and sales in its latest quarter, with both metrics beating Wall Street's expectations.

The stock ticked up 1.6% to $447.77 in after-hours trading. Through the market close shares have soared 71% year to date.

Chief Executive Gary Dickerson said Applied Materials' results mark a record quarterly performance, and the company expects its growth to continue alongside the rapid global buildout of AI computing infrastructure.

"AI adoption is accelerating and diversifying, fueling broad and durable demand for semiconductors and semiconductor equipment," Dickerson said during a call with analysts.

Dickerson said Applied Materials has improved visibility into customer orders, with its largest customers providing rolling eight-quarter forecasts so the company can prepare the required manufacturing capacity and service resources for their ramp ups.

"Given the unprecedented demand environment, we are working closely with our customers on longer-range planning," Dickerson said.

For the current fiscal third quarter, the company forecast adjusted per-share earnings of $3.16 to $3.56 and revenue of $8.45 billion to $9.45 billion. Analysts forecast adjusted earnings per share of $2.89 on revenue of $8.14 billion, according to FaceSet.

Applied Materials now forecasts its semiconductor equipment business will grow more than 30% this calendar year, Dickerson said, up from its prior forecast for an increase of more than 20%.

For the fiscal second quarter that ended April 26, profit came in at $2.81 billion, or $3.51 a share, up from $2.14 billion, or $2.63 a share, a year earlier.

Adjusted earnings per share were $2.86, compared with estimates of $2.68 a share according to analysts polled by FactSet.

Revenue climbed 11% year over year to $7.91 billion, compared with analyst estimates of $7.68 billion.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

05-14-26 1812ET

Latest news about Applied Materials, Inc.

06-05	Applied Materials Insider Sold Shares Worth $1,247,154, According to a Recent SEC Filing	MT
06-05	Applied Materials Insider Sold Shares Worth $25,264,197, According to a Recent SEC Filing	MT
06-04	ASMPT Completes Sale of NEXX Unit to Applied Materials	MT
06-03	Applied Materials Looking to Hire 1,000 Workers in Southeast Asia in 2026	MT
06-02	Applied Materials, Inc. completed the acquisition of ASMPT NEXX, Inc. from Asm Assembly Systems, LLC.	CI
06-02	Applied Materials, Inc. Presents at Bank of America 2026 Global Technology Conference, Jun-02-2026 08:40 AM
05-28	Applied Materials Insider Sold Shares Worth $507,600, According to a Recent SEC Filing	MT
05-28	Applied Materials, Inc. Presents at Bernstein 42nd Annual Strategic Decisions Conference, May-28-2026 09:00 AM
05-27	The AI Boom Has Found Its Memory
05-27	Mizuho Adjusts Price Target on Applied Materials to $540 From $500, Maintains Outperform Rating	MT
05-27	Right on the trillion mark
05-26	Applied Materials, Screen Semiconductor Expand Chip-Process Collaboration	MT
05-26	Applied Materials, Inc. And SCREEN Semiconductor Solutions Co., Ltd. Partner To Bring Advanced Wafer Cleaning Technologies To EPIC Center	CI
05-22	Winbond Electronics to Procure Machinery Equipment for NT$2.3 Billion; Shares Rally 10%	MT
05-22	Meta, Broadcom Join $125 Million UCLA Semiconductor Research Hub	MT

Gary Dickerson

Presently, Gary E. Dickerson is President, Chief Executive Officer & Director at Applied Materials, Inc. He is also on the board of US-China Business Council. In his past career he occupied the position of President & Chief Operating Officer for KLA Corp., Principal at Delco Electronics Corp, Executive Vice President for The Customer Group LLC, Group Vice President at Wafer Inspection Services, Inc. and Chief Executive Officer & Director at Varian Semiconductor Equipment Associates, Inc. Mr. Dickerson received an MBA from the University of Missouri-Kansas City and an undergraduate degree from Missouri University of Science & Technology.

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Duration

Period

AMAT: Dynamic Chart

Company Profile

Applied Materials, Inc. specializes in the design, manufacture, and marketing of equipment for producing integrated circuits and semi-conductor components. The group develops systems used in the principal manufacturing stages of microchips (deposition systems using chemical vapors, the physical process or through epitaxy, photomasking systems, control programs, etc.). Net sales break down by activity sector as follows: semiconductor industry (73.3%), flat screen industry (22.5%) and other (4.2%; photovoltaic and electronic industries). Net sales are distributed geographically as follows: the United States (10.8%), China (30.1%), Taiwan (24.2%), Korea (19.8%), Japan (8%), Asia (3.8%) and Europe (3.3%).

Employees

36,500

Sector

Semiconductor Equipment & Testing

Calendar

Earnings release - Q3 2026

More about the company