Quarterly ResultMay 21, 2026, 04:08 PM
Applied Materials Q2 Revenue $7.91B, EPS $3.51; Net Income +31%
AI Summary
Applied Materials reported strong financial results for the three months ended April 26, 2026, with revenue increasing to $7.91 billion and diluted EPS rising to $3.51. Net income for the quarter grew significantly by 31.31% to $2.81 billion. For the six-month period, the company saw a substantial increase in net income by 45.45% to $4.83 billion, driven in part by a significant gain on equity investments. The company also declared a quarterly dividend of $0.53 per share.
Key Highlights
- Three-month revenue increased 11.41% year-over-year to $7.91 billion.
- Three-month net income rose 31.31% year-over-year to $2.81 billion.
- Three-month diluted EPS grew 33.46% year-over-year to $3.51.
- Six-month net income surged 45.45% year-over-year to $4.83 billion.
- Net gain on equity investments was $1.14 billion for the six months ended April 26, 2026.
- Declared a quarterly dividend of $0.53 per common share for the three months ended April 26, 2026.
- Cash provided by operating activities was $2.53 billion for the six months.
- Repurchased $737 million of common stock during the six-month period.
Price Impact
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