US EditionMarket Movers: Here’s Why Applied Materials Is Up 13%
Applied Materials beat Q1 revenue and EPS estimates with $7.01 billion sales, raised Q2 revenue guidance to $7.65 billion on strong AI chip, memory, and packaging demand.
- On Thursday, February 12, 2026, Applied Materials reported fiscal Q1 net revenue of $7.01 billion and adjusted EPS of $2.38, guiding Q2 revenue of $7.65 billion. The company’s shares surged over 9 per cent in extended trading.
- Gary Dickerson, President and CEO, pointed to AI-driven demand for leading-edge logic, High Bandwidth Memory and advanced packaging, with the rapid AI buildout tightening global memory supply and lifting HBM prices this year.
- Adjusted gross margin of 49.1% showed Applied Materials delivered strong revenue, margins and cash flow while returning capital through share repurchases and dividends.
- Shares jumped in extended trading, lifting peers Lam Research and KLA; management expects equipment growth over 20% this year.
- Applied Materials is working through an elevated backlog, with a book-to-bill around unity and a nearly $500 million inventory increase YoY, following a $252.5 million Commerce Department settlement.
17 Articles
17 Articles
Market Movers: Here’s Why Applied Materials is Up 13%
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Applied beats as AI chip spending nears $1tn tipping point
On February 12, Applied Materials Inc. (AMAT) announced fiscal first-quarter 2026 financial results that exceeded the midpoint of its previous guidance, driven by a significant surge in artificial intelligence (AI) infrastructure investments. For the quarter ended January 25, 2026, the company reported revenue of $7.01 billion, a 2% year-over-year decline but a 3% sequential increase. Non-GAAP earnings per share (EPS) reached $2.38, remaining fl…
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