Short answer
Applied Materials (AMAT) filed its Q2 2026 10-Q quarterly report on May 21, 2026 for the quarter ended Apr 26, 2026. Quarterly revenue was $7.9B (up 11.4% year over year) with net income of $2.8B.
Q2 2026 key financials · XBRL
- Revenue
- $7.9B
- +11.4% YoY · +12.8% QoQ
- Net income
- $2.8B
- +31.3% YoY · +38.5% QoQ
- Operating margin
- 31.9%
- Gross margin
- 49.9%
- EPS (diluted)
- $3.51
- +33.5% YoY · +38.2% QoQ
Source: XBRL data from the Applied Materials (AMAT) Q2 2026 10-Q on SEC EDGAR. USD.
Applied Materials Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $7.91B, up 11% YoY from $7.10B
- Gross margin 49.9% vs 49.1%; operating margin 31.9% vs 30.5% YoY
- AGS strongest segment: revenue $1.665B, up 17%; operating margin 29.2% vs 26.6%
- Semiconductor Systems largest segment: revenue $5.965B, up 10%; operating income $2.092B, up 18%
- Six-month operating cash flow $2.531B; $1.3B capital expenditures, $737M buybacks, $730M dividends
Risk Factors
- New BIS settlement risk triggered by February 11, 2026 agreement requiring $253 million payment, audits, training and reporting
- Export-compliance exposure: settlement violations could lift denial order suspension and prohibit certain exports
- Global trade risk: approximately 88% of revenue came from customers outside the United States
- AI demand volatility: inaccurate forecasts could create excess inventory, underutilized capacity and margin pressure
- Customer concentration risk: China, Taiwan and Korea represent particularly concentrated geographic exposure
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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