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AI brief of an SEC Form 8-K · Applied Materials (AMAT)

Applied Materials reports record Q2 revenue of $7.91 billion; GAAP EPS up 33%

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyApplied Materials (AMAT)
Form8-K, current report
Filed with the SECMay 14, 2026, 4:03 PM ET
Accession number0001628280-26-035071

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 14, 2026.

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.