Stock Market Live June 10, 2026: S&P 500 (SPY) Sinks on Fear of War
Q2 26 EPS
$2.86
BEAT +6.56%
Est. $2.68
Q2 26 Revenue
$7.91B
BEAT +2.85%
Est. $7.69B
vs S&P Since Q2 26
+14.5%
BEATING MARKET
AMAT +13.3% vs S&P -1.1%
Market Reaction
Did AMAT Beat Earnings? Q2 2026 Results
Applied Materials delivered a strong second-quarter fiscal 2026 performance, posting non-GAAP EPS of $2.86 against the $2.66 consensus estimate, a 7.52% beat that extended the chipmaking equipment giant's streak to four consecutive quarters of exceed… Read more Applied Materials delivered a strong second-quarter fiscal 2026 performance, posting non-GAAP EPS of $2.86 against the $2.66 consensus estimate, a 7.52% beat that extended the chipmaking equipment giant's streak to four consecutive quarters of exceeding analyst expectations. Revenue of $7.91 billion grew 11.4% year over year, powered chiefly by the Semiconductor Systems segment, which generated $5.96 billion as AI-driven demand for high-bandwidth memory lifted DRAM's share of segment revenue to 29% while foundry and logic held a commanding 67%. Margin expansion accompanied the top-line growth, with Semiconductor Systems operating margins widening to 35.1% from 32.8% a year ago, and Applied Global Services contributing $1.67 billion at a 29.2% operating margin. Analysts have flagged Applied's advanced equipment positioning in next-generation architectures like Gate-All-Around transistors as a key long-term catalyst, a view the company reinforced by raising its full-year semiconductor equipment growth outlook to more than 30% for calendar 2026. For the third quarter, Applied guided revenue to approximately $8.95 billion and non-GAAP EPS of approximately $3.36, signaling continued momentum.
Key Takeaways
- • Rapid global build-out of AI computing infrastructure
- • Strong leadership positions in leading-edge logic, DRAM and advanced packaging
- • Foundry, logic and other representing 67% of Semiconductor Systems revenue
- • DRAM revenue mix increasing to 29% from 27% year over year
- • Non-GAAP gross margin expansion to 50.0% from 49.2% year over year
- • Non-GAAP operating margin expansion to 32.1% from 30.7% year over year
AMAT Forward Guidance & Outlook
For Q3 FY2026, Applied Materials expects total revenue of approximately $8.95 billion (+/- $500 million) and non-GAAP diluted EPS of approximately $3.36 (+/- $0.20). Management now expects the semiconductor equipment business to grow more than 30% in calendar 2026, driven by the rapid global build-out of AI computing infrastructure and Applied's strong positions in leading-edge logic, DRAM, and advanced packaging.
AMAT YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
AMAT Revenue by Segment
With YoY comparisons, source: SEC Filings
AMAT Revenue by Geography
With YoY comparisons, source: SEC Filings
“Applied Materials delivered record quarterly performance, and we now expect our semiconductor equipment business to grow more than 30 percent in calendar 2026.”
— Gary Dickerson, Q2 2026 Earnings Press Release
AMAT Earnings Trends
AMAT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AMAT EPS Trend
Earnings per share: estimate vs actual
AMAT Revenue Trend
Quarterly revenue: estimate vs actual
AMAT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $2.68 | $2.86 | +6.56% | $7.91B | +2.85% |
| Q1 26 BEAT | $2.21 | $2.38 | +7.84% | $7.01B | +1.92% |
| Q4 25 BEAT FY | $2.12 | $2.17 | +2.36% | $6.80B | +1.56% |
| FY Full Year | $9.35 | $9.42 | +0.73% | $28.37B | +0.37% |
| Q3 25 BEAT | $2.36 | $2.48 | +5.09% | $7.30B | +1.23% |
| Q2 25 BEAT | $2.31 | $2.39 | +3.45% | $7.10B | -0.33% |