Applied Materials, Inc. (AMAT) Earnings Call Transcripts

Applied Materials, Inc.'s Latest Earnings Call - September 9, 2026

In the earnings call held on September 9, 2026, Applied Materials, Inc. (AMAT:US) reported a significant upward revision in its revenue growth forecast for fiscal 2026, now approaching 40%, driven primarily by strong demand in AI and data center segments. The company highlighted a robust demand visibility and a favorable market position, particularly in leading-edge foundry and DRAM technologies. Earnings guidance was not explicitly provided, but the overall sentiment around future growth remains optimistic, with management indicating strong growth potential into 2027 and beyond.

Reported metrics

Guidance from management

Management signaled strong growth potential into 2027 and beyond, driven by sustained compute demand, particularly in AI and data center applications. Specific numerical guidance was not provided.

What management said

So growth in '27 will be strong. Again, compute demand is increasing. I mentioned Agentic on top of what we have been forecasting previously and physical AI going forward. So '27 is going to be strong and beyond '27, growth is going to be very strong. So I'm not going to give a specific number for '27 at this point, but '27 is going to be a great year for Applied.

Again, I just believe compute demand, this technology is going to transform every single industry. Compute consumption is going to keep going up. Again, you have a Agentic adoption where the compute is being -- compute demand is being driven by agents in addition to people and then physical AI on top of that going forward in the future. So I just think that compute demand is going to keep going higher.

What analysts pressed on

Analysts expressed concerns regarding potential macroeconomic risks and the impact of U.S. export controls on market access, particularly in China. There were questions about the sustainability of growth rates in the face of geopolitical uncertainties.

Main topics on the call

• Revenue Growth Forecast — Applied Materials has revised its revenue growth forecast for 2026 to 'approaching 40%', up from 'greater than 30%' previously. This revision reflects strong demand driven by AI and data center applications, with CEO Gar...
• AI and Data Center Demand — The company emphasized that AI, particularly in data centers, is a major growth driver, with 80% of wafer fab equipment growth attributed to leading foundry-logic and DRAM technologies. Dickerson noted, 'AI is the bigges...
• Service Business Growth — Applied's service business is experiencing over 20% year-over-year growth, with margins up 180 basis points. Dickerson highlighted that innovations in services are crucial for yield and output, stating, 'if we can innova...
• Market Position and Competitive Landscape — Applied Materials maintains a strong market position in advanced packaging and leading-edge foundry technologies, with growth in advanced packaging expected to exceed 70% this year. Dickerson mentioned, 'Applied has the ...

Read the full Applied Materials, Inc. transcript (September 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 84 Applied Materials, Inc. earnings call transcripts on record, spanning February 12, 2020 to September 9, 2026. Based on this history, Applied Materials, Inc. reports quarterly. The most recent call on file is dated September 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AMAT

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

84

First call

February 12, 2020

Most recent

September 9, 2026

Reporting cadence

quarterly