AMAT Applied Materials (AMAT) Q2 FY26 earnings call
The core thesis: the AI build-out has pulled industry WFE spending squarely into Applied's areas of strength — leading-edge foundry logic, DRAM and advanced packaging — lifting the mix, margins and pricing power. Management frames demand as secular and supply-constrained rather than demand-limited, with rolling multiyear customer visibility underpinning confidence in sustained growth into 2027 and beyond.
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AMAT operating KPIs by quarter
| KPI | Jan 2026 Q1 FY26 | This call Apr 2026 Q2 FY26 | Jul 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Connected chambers AIx | 30K+Today, we have more than 30,000 chambers connected to AIx servers using AI-powered monitoring, diagnostics and analytics.Source: earnings call transcript | 35K+Today, we have more than 35,000 chambers connected to our proprietary AIx software capabilities that use AI-powered monitoring, diagnostics and analytics.Source: earnings call transcript | 37K+We already have more than 37,000 chambers in the field connected to our proprietary AIX software capabilities and use AI-powered monitoring, diagnostics and predictive analytics.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.