Applied Materials stock rose 1.5% following several developments. The company reported first-quarter fiscal 2026 revenue of $7.01 billion, exceeding consensus expectations of $6.88 billion. Net income reached $2.026 billion with earnings per share of $2.55. The company issued second-quarter revenue guidance of approximately $7.65 billion, plus or minus $500 million. Applied Materials announced new manufacturing technology for 2nm and angstrom-class chips and established an R&D alliance with Samsung Electronics centered around its EPIC Center. The company also closed a $252.5 million U.S. export-control settlement. Management projected over 20 percent growth for the semiconductor equipment business in 2026, supported by spending on foundry, logic, DRAM, and advanced packaging. Multiple analysts raised price targets following the earnings report.
Read full analysisApplied Materials stock rose 1.5% following several developments. The company reported first-quarter fiscal 2026 revenue of $7.01 billion, exceeding consensus expectations of $6.88 billion. Net income reached $2.026 billion with earnings per share of $2.55. The company issued second-quarter revenue guidance of approximately $7.65 billion, plus or minus $500 million. Applied Materials announced new manufacturing technology for 2nm and angstrom-class chips and established an R&D alliance with Samsung Electronics centered around its EPIC Center. The company also closed a $252.5 million U.S. export-control settlement. Management projected over 20 percent growth for the semiconductor equipment business in 2026, supported by spending on foundry, logic, DRAM, and advanced packaging. Multiple analysts raised price targets following the earnings report.
Applied Materials is the world's largest supplier of semiconductor manufacturing equipment, providing the deposition, etching, and inspection tools that chipmakers use to fabricate advanced processors and memory chips. The company reported blowout fiscal Q1 earnings on February 12 with $7.01 billion in revenue and guided Q2 to $7.65 billion, driven by accelerating AI-related demand for leading-edge logic, high-bandwidth memory, and advanced packaging. The stock is consolidating near its 52-week high after a roughly 30% post-earnings rally, with today's move tracking the broader semiconductor sector rather than any new company-specific development.