Applied Materials AMAT Q2 2026: Record $7.91B Revenue, Semiconductor Industry Growth Raised to 30%

# Applied Materials AMAT Q2 2026: Record $7.91B Revenue, Semiconductor Industry Growth Raised to 30%

> **Quick answer:** Applied Materials reported record Q2 FY2026 revenue of $7.91 billion, up 11.4% year over year and well above the $7.69 billion analyst consensus. Record GAAP EPS hit $3.51 — up 33% from a year ago. CEO Gary Dickerson raised the company's semiconductor equipment industry growth forecast from ~20% to more than 30% for calendar 2026. Q3 guidance came in at $8.95 billion. Stock rose roughly 8% in after-hours trading.

Applied Materials AMAT Q2 2026 earnings landed Thursday, May 15, and the numbers were not close — they were historic. Record revenue, record earnings, a dramatic upward revision to the industry growth forecast, and a Q3 outlook that nearly every analyst called "above the bull case." This is not a beat. This is the semiconductor equipment market operating at a level the industry has never seen before.

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## What Applied Materials Actually Reported for Q2 2026

The headline numbers tell the story cleanly: