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Home/News Feed/Applied Materials posts record Q2 revenue $7.91B, raises 2026 growth outlook above 30%.
AMAT
$360.65
-$21.27 -5.57%

Applied Materials posts record Q2 revenue $7.91B, raises 2026 growth outlook above 30%.

Company Fundamentals
01 Aug 2026, 21:18 WIB
Seeking Alpha
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Bullish
Applied Materials posts record Q2 revenue $7.91B, raises 2026 growth outlook above 30%.

Applied Materials reported a record Q2 FY2026 revenue of $7.91 billion, an 11% increase year-over-year, and a non-GAAP EPS of $2.86, up 20%. The company raised its equipment growth guidance for calendar year 2026 to over 30%, driven by strong performance in DRAM and AGS segments and improved order visibility. Despite a recent stock price drop of around 40% from its highs, the fundamentals remain strong, and the correction is seen as sector-related rather than company-specific. The firm maintains a Buy rating, viewing the current valuation of 34 times forward P/E as an attractive entry point.

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Applied Materials stock plunges 29% in a month ahead of key Nov 12 earnings report.

Applied Materials stock plunges 29% in a month ahead of key Nov 12 earnings report.

Applied Materials' stock dropped 29% over the past month amid concerns about AI spending and a weak forecast from Intel, a major chipmaker. Despite the selloff, the stock remains up 49% year to date. The company’s upcoming Q4 FY2026 earnings report o...

Company Fundamentals
Neutral
1 day ago
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