<div id="readability-page-1">04:40 PM EDT, 05/14/2026 (MT Newswires) -- Applied Materials' ( AMAT ) fiscal second-quarter results exceeded Wall Street's estimates as the semiconductor equipment maker capitalized on mounting demand for computing infrastructure.Adjusted earnings per share increased to $2.86 during the quarter ended April 26 from $2.39 a year ago, topping the FactSet-polled consensus of $2.68. Revenue grew 11% to $7.91 billion, ahead of the Street's $7.68 billion view.&#34;The rapid global build-out of (artificial intelligence) computing infrastructure combined with Applied's strong leadership positions in leading-edge logic, (dynamic random access memory) and advanced packaging provide an exceptionally strong foundation for sustained, multi-year revenue and profit growth,&#34; Chief Executive Gary Dickerson said in a statement late Thursday.Sales in the semiconductor systems segment rose to $5.97 billion from $5.40 billion, while applied global services advanced to $1.67 billion from $1.42 billion.RBC Capital Markets expected Applied Materials ( AMAT ) to beat second-quarter estimates and provide an above-consensus third-quarter outlook amid robust DRAM and high-bandwidth memory spending trends.Applied Materials ( AMAT ) expects adjusted EPS of $3.36 a share, plus or minus $0.20, for the ongoing quarter. Revenue is pegged at $8.95 billion, plus or minus $500 million. The consensus on FactSet is for non-GAAP EPS of $2.89 and sales of $8.14 billion.&#34;We now expect our semiconductor equipment business to grow more than 30% in calendar 2026,&#34; Dickerson said.Applied Materials ( AMAT ) shares were up 3.8% in after-hours trading. The stock is up 71% so far this year as of Thursday close. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

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Applied Materials reported strong fiscal second-quarter results, with adjusted earnings per share of $2.86, surpassing estimates of $2.68. Revenue rose 11% to $7.91 billion, exceeding the expected $7.68 billion. The company anticipates continued growth, projecting adjusted EPS of $3.36 for the next quarter and revenue of $8.95 billion. CEO Gary Dickerson highlighted the demand for AI computing infrastructure as a key driver for sustained revenue growth. Applied Materials shares rose 3.8% in after-hours trading, reflecting a 71% increase year-to-date.

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Applied Materials Tops Second-Quarter Views Amid Computing Infrastructure Growth