Applied Materials (AMAT) Reports Q1 2026 Revenue and Profit Up, Misses EPS Estimate

Applied Materials (AMAT) reported first-quarter 2026 revenue of $7.48 billion, a 12% increase year-over-year, and net income of $413 million, up from $317 million in the same period of 2025. The company attributed the improvement to higher demand in memory and logic semiconductor manufacturing. However, earnings per share missed the average estimate of $1.16 by $0.03, as non-recurring expenses and higher R&D investments offset gains. The stock closed at $34.52 on February 12, 2026, down 1.8% on the report.