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Feb 12, 2026 4:30 PM

Applied Materials Beats Q1 Estimates, Issues Strong Guidance, Shares Surge

Applied Materials Inc (NASDAQ:AMAT) reported first-quarter financial results for fiscal 2026 after the market close on Thursday. Here’s a look at the highlights from the print.

Applied Materials shares are trending after earnings. Why is AMAT stock in focus?

Applied Materials Beats Estimates In Q1

Applied Materials reported fiscal first-quarter revenue of $7.01 billion, beating analyst estimates of $6.87 billion. The chip equipment manufacturer reported first-quarter adjusted earnings of $2.38 per share, beating analyst estimates of $2.20 per share, according to Benzinga Pro.

Total revenue was down 2% year-over-year. Gross margin was 49% in the first quarter, or 49.1% on an adjusted basis. The company ...