US-based Applied Materials, one of the world’s largest chip equipment makers, increased net income and revenue in the second quarter of fiscal 2026, with adjusted earnings and revenue better than analysts’ expectations.
The company said in a press release that net income for the quarter ended April 26 was $2.81 billion, or $3.51 per share, compared with $2.14 billion, or $2.63 per share, for the comparable period a year earlier.
Earnings excluding one-time factors rose to $2.86 per share from $2.39.
Revenue rose 11% to $7.91 billion.
Analysts surveyed by FactSet had on average forecast the company’s adjusted earnings of $2.68 per share on revenue of $7.68 billion.
Applied Materials now expects its third fiscal quarter adjusted earnings of $3.16 to $3.56 per share on revenue of $8.45 billion to $9.45 billion. Experts estimate adjusted earnings of $2.89 per share on revenue of $8.14 billion.
Applied Materials stock prices changed weakly in additional trading on Thursday after the publication of reports. Since the beginning of this year, the market value of the company has grown by 71% to $349.6bn.