Oct 26, 4:34 PM ET
Applied Materials entered into an accelerated share purchase agreement on October 26, 2026, to buy more shares of BE Semiconductor Industries (Besi). Including its existing holding, Applied would own about 20% of Besi's outstanding shares. Delivery of the shares depends on the expiration or termination of the HSR Act waiting period, and the filing gives no purchase price or financial impact.
- Post-purchase ownership would be about 20% of Besi's outstanding common stock, including Applied's existing shares.
- Applied first invested in Besi in April 2025 and says the stake is long term.
- Share delivery is subject to the expiration or termination of the HSR Act waiting period.
- Applied says it has no current intention to go above 20% and does not intend to seek a Besi board seat.
Read the filing on SEC.gov ↗
Aug 27, 4:12 PM ET
Applied Materials elected Akash Palkhiwala, Chief Financial Officer and Chief Operating Officer of Qualcomm, to its board of directors and Audit Committee, effective August 27, 2026. The filing describes a standard non-employee director pay package, which does not change reported financial results, but the appointment adds a senior finance executive to the board's oversight.
- Palkhiwala receives a $100,000 annual director retainer plus a $25,000 annual retainer for Audit Committee service, both prorated for the fiscal year.
- He receives an automatic restricted stock unit grant valued at $250,000, prorated to the 2027 Annual Meeting, scheduled to vest in full on March 1, 2027.
- Palkhiwala has served as Qualcomm's CFO since 2019 and COO since 2024; Chairman Tom Iannotti called him a terrific addition.
Read the filing on SEC.gov ↗
Aug 13, 4:03 PM ET
Applied Materials reported record third-quarter fiscal 2026 revenue of $9.12 billion, up 25%, with GAAP diluted EPS of $3.17 (up 43%) and non-GAAP diluted EPS of $3.50 (up 41%). The company also forecast fourth-quarter revenue of $10.25 billion plus or minus $500 million and non-GAAP diluted EPS of $4.02 plus or minus $0.20, and said it is raising its calendar 2026 Semiconductor Systems revenue expectations.
- Q3 revenue was $9.12 billion versus $7.30 billion a year earlier; GAAP net income was $2.54 billion.
- Q3 GAAP gross margin was 50.3% and non-GAAP gross margin was 50.4%, a 13th consecutive quarter of year-over-year gross margin expansion.
- Fourth-quarter fiscal 2026 outlook: total revenue of $10.25 billion (plus or minus $500 million) and non-GAAP diluted EPS of $4.02 (plus or minus $0.20).
- In the quarter, the company returned $860 million to shareholders: $440 million in share repurchases and $420 million in dividends.
Read the filing on SEC.gov ↗
May 14, 4:03 PM ET
Applied Materials reported record second-quarter fiscal 2026 revenue of $7.91 billion, up 11% year over year, and record GAAP diluted EPS of $3.51, up 33%. The company forecast third-quarter revenue of $8.95 billion plus or minus $500 million and non-GAAP diluted EPS of $3.36 plus or minus $0.20, and said it expects its semiconductor equipment business to grow more than 30% in calendar 2026.
- Q2 revenue $7.91 billion, up 11%; non-GAAP diluted EPS $2.86, up 20% from $2.39
- Q3 fiscal 2026 outlook: revenue $8.95 billion (+/- $500 million); non-GAAP diluted EPS $3.36 (+/- $0.20)
- Non-GAAP free cash flow fell to $210 million from $1.061 billion a year earlier, down 80%
- Returned $765 million to shareholders in the quarter: $400 million in buybacks and $365 million in dividends; quarterly dividend raised 15% to $0.53 per share
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.