Applied Materials Inc. reported its first quarter (Q1) 2026 results with revenue of USD 7.01 billion, down 2 percent year over year. GAAP gross margin was 49.0 percent, while non-GAAP gross margin was 49.1 percent. GAAP earnings per share $(EPS)$ reached USD 2.54, marking a 75 percent increase year over year, and non-GAAP EPS was USD 2.38, remaining flat year over year. Operating income on a GAAP basis was USD 1.83 billion, representing 26.1 percent of net revenue, and on a non-GAAP basis was USD 2.11 billion or 30.0 percent of net revenue. The company generated USD 1.69 billion in cash from operations and returned USD 702 million to shareholders through USD 337 million in share repurchases and USD 365 million in dividends. Applied Materials achieved record DRAM revenue in its Semiconductor Systems segment and record services and spares revenue in its Applied Global Services segment during the quarter. Management highlighted strong results driven by increased industry investments in AI computing and noted high growth rates for leading-edge logic, high-bandwidth memory, and advanced packaging. The company expects to grow its semiconductor equipment business over 20 percent in the current calendar year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Materials Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9654066-en) on February 12, 2026, and is solely responsible for the information contained therein.