Applied Materials (AMAT) reported record revenue of $7.9 billion for Q2 fiscal 2026. Non-GAAP earnings reached $2.86 per share, exceeding Wall Street consensus estimates.
The Semiconductor Systems division drove performance with $6.0 billion in revenue. This segment grew 14% year-over-year.
CEO Gary Dickerson raised the company's outlook for calendar 2026. The semiconductor equipment business is now expected to grow more than 30%. A rapid global build-out of AI computing infrastructure fuels this forecast.
These results signal accelerating capital expenditures across the AI supply chain. Demand is rising for leading-edge logic, DRAM, and advanced packaging.