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Applied Materials (AMAT)

Applied Materials makes chipmaking equipment, and on 2026-10-26 it agreed to raise its stake in packaging toolmaker Besi to about 20%.

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Information and analysis only, not a recommendation to buy, sell or hold any security. The author may own securities discussed.

Researched and drafted with AI agents. Every figure is taken from a source cited on the page.

Analysis and information

What it does

Applied Materials makes the equipment chipmakers use to build chips, plus related services. Its tools deposit, polish and plate films, and measure and inspect wafers. It calls this work "materials engineering," and its newest tools are aimed at DRAM, HBM and advanced packaging.

Role in the theme

In the Chips, equipment and servers theme, Applied supplies the tools fabs need to add capacity. In August its CFO said the company expected strong growth in the second half of 2026, particularly in DRAM, leading-edge foundry-logic and advanced packaging.

Latest

  • 2026-10-26: Applied agreed to raise its investment in BE Semiconductor Industries (Besi), a maker of chip assembly equipment, to about 20% of Besi's shares. Delivery of the shares depends on the US antitrust (HSR) waiting period. Applied does not plan to go above about 20% or to seek a Besi board seat.
  • 2026-10-22: Applied set its fiscal Q4 2026 results call for 2026-11-12 at 4:30 p.m. ET.
  • 2026-10-22: Peer Lam Research said near-term supply chain constraints limited its guidance. The PHLX Semiconductor Index fell more than 6% that day.
  • 2026-08-13: Fiscal Q3 2026 revenue was a record $9.12B, up 25%. Non-GAAP EPS was $3.50. Q4 guidance is revenue of $10.25B, plus or minus $0.5B, and non-GAAP EPS of $4.02, plus or minus $0.20.

What to watch

  • Q4 results against the $10.25B revenue guide.
  • Supply chain limits on tool output, which Lam flagged.
  • The Besi stake, once the waiting period ends.
  • Next report: fiscal Q4 2026 results on 2026-11-12 (confirmed by the company).

Covered in

Sources

Primary means the publisher of the data or the filing; secondary means press or an aggregator.