Applied Materials reported record results for Q2 FY2026, highlighted by strong growth in its semiconductor business and AI-focused partnerships. Revenue reached $7.91 billion, up 11 percent year over year, with GAAP EPS of $3.51 and non-GAAP EPS of $2.86, rising 33 percent and 20 percent, respectively.
GAAP gross margin was 49.9 percent and operating margin 31.9 percent, with GAAP net income of $2.81 billion. The company generated $845 million in cash from operations and returned $765 million to shareholders through $400 million of share repurchases and $365 million in dividends. Non-GAAP free cash flow declined to $210 million from $1.06 billion a year earlier as capital spending increased.
Management expects continued momentum, guiding Q3 FY2026 total revenue to about $8.95 billion, plus or minus $500 million, and non-GAAP diluted EPS of $3.36, plus or minus $0.20. The company also highlighted multiple EPIC Center collaborations, an agreement to acquire ASMPT’s NEXX business, and a 15 percent dividend increase to $0.53 per share.
Applied Materials Inc disclosure: Vanguard Capital Management reports beneficial ownership of 59,459,172 shares of Common Stock, representing 7.49% of the class as of 03/31/2026. The filing states Vanguard has sole power to dispose of 59,459,172 shares and sole voting power over 7,881,373 shares. The report is signed by Ashley Grim on 04/29/2026.
APPLIED MATERIALS INC /DE officer reports tax-related share withholding. Corp. Controller & CAO Adam Sanders had 125 shares of common stock withheld at $353.80 per share to cover tax obligations upon vesting of restricted stock units in a transaction exempt under Rule 16b-3.
After this withholding, Sanders reports 4,548 shares, including 4,134 restricted stock units that are scheduled to vest in installments from July 2026 through January 2030, subject to continued employment at each vesting date. This filing reflects compensation and tax mechanics rather than an open-market sale.
The Vanguard Group filed Amendment No. 11 to a Schedule 13G/A reporting its beneficial ownership of Applied Materials Inc. common stock as 0 shares (0%). The amendment states Vanguard completed an internal realignment effective January 12, 2026 and will report certain subsidiaries separately in reliance on SEC Release No. 34-39538.
The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026, and explains that the disaggregated subsidiaries pursue the same investment strategies previously followed by The Vanguard Group, Inc.
APPLIED MATERIALS INC /DE director Alexander Karsner reported an automatic equity award. He received 741 restricted stock units as a non-employee Board member under the company’s Employee Stock Incentive Plan. These units carry no purchase price.
The restricted stock units will convert on a one-for-one basis into Applied Materials common stock when they vest. Vesting is scheduled for March 1, 2027, contingent on his continued service as a director through that date. Following this award, Karsner directly holds 16,849 shares of common stock.
Applied Materials director Judy Bruner received an equity award, not a stock purchase or sale. On the reported date, she was granted 741 restricted stock units of Applied Materials common stock as compensation for serving as a non-employee member of the Board of Directors.
According to the disclosure, these restricted stock units will convert on a one-for-one basis into 741 shares of common stock when they vest, which is scheduled for March 1, 2027, subject to her continued service as a director through that date. The filing also notes an additional 27,672 shares held indirectly through a family trust.
APPLIED MATERIALS INC /DE director Thomas J. Iannotti received an equity award of 741 restricted stock units. The grant is an automatic annual award for non-employee directors under the company’s stock incentive plan. These units convert one-for-one into common shares upon vesting on March 1, 2027, contingent on continued board service. After the grant, he directly holds 51,309 shares, indicating this is a routine, compensation-related acquisition rather than an open-market purchase.
Applied Materials director Xun Chen reported an automatic annual equity grant. He received 741 restricted stock units as a non-employee director award under the company’s stock incentive plan. These units are scheduled to vest on March 1, 2027, assuming he continues serving on the board through that date.
Dr. Chen has elected to defer this and prior awards, so any units that vest will later convert one-for-one into Applied Materials common shares and be paid when he leaves the board. His reported holdings after this grant total 45,970 units and shares, including 29,130 previously vested deferred restricted stock units.
ANDERSON JAMES ROBERT reported acquisition or exercise transactions in this Form 4 filing.
Applied Materials director James Robert Anderson received an equity award of 741 shares of common stock on March 12, 2026. The award is an automatic annual grant of restricted stock units for non-employee board members under the company’s Employee Stock Incentive Plan.
The units are scheduled to vest on March 1, 2027, subject to his continued service as a director. Following this grant, his direct holdings total 1,547 shares, including 806 previously granted restricted stock units that have vested but are deferred until his termination from the board.
Applied Materials director Kevin P. March received an automatic equity award as part of his board compensation. He was granted 741 restricted stock units of Applied Materials common stock, with no cash paid per share. These units convert one-for-one into common shares when they vest.
The award is scheduled to vest on March 1, 2027, subject to his continued service as a director through that date. Following this grant, he holds 2,324 shares directly, and 4,356 shares are reported as held indirectly through a family trust.