Published
# Applied Materials, Inc. (AMAT) — Recent Events ## Filings that contain financial statements The following 8-K exhibits carry full unaudited condensed consolidated financial statements (statements of operations, balance sheets, and statements of cash flows), not just headline figures: - **Accession 0000006951-25-000017** (filed May 15, 2025) — Q2 FY2025, quarter ended April 27, 2025. - **Accession 0000006951-25-000032** (filed Aug 14, 2025) — Q3 FY2025, quarter ended July 27, 2025. - **Accession 0001628280-25-051998** (filed Nov 13, 2025) — Q4 FY2025 and full fiscal year 2025, period ended October 26, 2025. - **Accession 0001628280-26-007661** (filed Feb 12, 2026) — Q1 FY2026, quarter ended January 25, 2026. - **Accession 0001628280-26-035071** (filed May 14, 2026) — Q2 FY2026, quarter ended April 26, 2026. Each of these is an Exhibit 99.1 earnings press release attached to the respective Form 8-K under Item 2.02 / Item 9.01. ## Earnings and guidance - **May 15, 2025 (accession 0000006951-25-000017)** — Q2 FY2025 results: revenue of $7.10 billion, up 7% year over year; record GAAP EPS of $2.63 and non-GAAP EPS of $2.39. The company guided Q3 FY2025 revenue to approximately $7.2 billion ± $500 million. - **August 14, 2025 (accession 0000006951-25-000032)** — Q3 FY2025 results: record revenue of $7.30 billion, up 8% year over year; GAAP EPS of $2.22 and record non-GAAP EPS of $2.48. Management guided Q4 FY2025 revenue down to approximately $6.7 billion ± $500 million, citing digestion of installed capacity in China and non-linear demand timing from leading-edge logic/foundry customers. - **November 13, 2025 (accession 0001628280-25-051998)** — Q4 and full-year FY2025 results: record annual revenue of $28.37 billion, up 4% year over year; record annual GAAP EPS of $8.66 and record non-GAAP EPS of $9.42. Fourth-quarter revenue was $6.80 billion, down 3% year over year, with operating margin compressed to 25.2% GAAP, partly reflecting a $181 million restructuring charge recorded in Corporate and Other. Guidance for Q1 FY2026 was set at approximately $6.85 billion ± $500 million in revenue and non-GAAP diluted EPS of $2.18 ± $0.20. - **February 12, 2026 (accession 0001628280-26-007661)** — Q1 FY2026 results: revenue of $7.01 billion, down 2% year over year; GAAP EPS of $2.54 (up 75%, aided by a favorable tax item) and non-GAAP EPS of $2.38 (flat year over year). Semiconductor Systems achieved record DRAM revenue and Applied Global Services delivered record services and spares revenue. Applied disclosed that Samsung Electronics would join its new EPIC Center partnership in Silicon Valley. Guidance for Q2 FY2026 was set at approximately $7.65 billion ± $500 million in revenue and non-GAAP diluted EPS of $2.64 ± $0.20. - **May 14, 2026 (accession 0001628280-26-035071)** — Q2 FY2026 results: record revenue of $7.91 billion, up 11% year over year; record GAAP EPS of $3.51 (up 33%) and record non-GAAP EPS of $2.86 (up 20%). Management said it now expects the semiconductor equipment business to grow more than 30% in calendar 2026. Guidance for Q3 FY2026 was set at approximately $8.95 billion ± $500 million in revenue and non-GAAP diluted EPS of $3.36 ± $0.20. In the same release, Applied disclosed a series of EPIC Center research and technology partnerships (TSMC, SK hynix, Micron, Advantest, and academic partners including Arizona State University, Rensselaer Polytechnic Institute, and Stanford University). ## Capital allocation - **May 14, 2026 (accession 0001628280-26-035071)** — Applied increased its quarterly cash dividend 15%, from $0.46 to $0.53 per share, marking nine consecutive years of dividend increases; the company noted the per-share dividend has more than doubled over the past four years. The Q2 FY2026 release also reported $400 million of share repurchases and $365 million of dividends paid in the quarter (total shareholder distributions of $765 million), on top of $702 million distributed in Q1 FY2026 ($337 million buybacks, $365 million dividends). ## M&A / strategic transactions - **April 14, 2025 (accession 0001193125-25-080269)** — Applied Materials disclosed that it had purchased 9% of the outstanding shares of BE Semiconductor Industries N.V. (Besi), a Dutch semiconductor equipment maker, through open-market transactions. This was disclosed as a passive strategic equity stake, not a merger filing. - **May 14, 2026 (disclosed within accession 0001628280-26-035071, the Q2 FY2026 earnings release)** — Applied said it had entered into an agreement with ASMPT Limited to acquire ASMPT's NEXX business, a supplier of large-area advanced packaging deposition equipment, to broaden Applied's panel-level advanced packaging portfolio. The release describes a signed agreement to acquire; no separate 8-K disclosing definitive terms or a closing has been filed, so the deal's closing status as of this writing is signed/pending rather than closed. ## Regulatory and legal - **September 29, 2025 (accession 0001628280-25-043753)** — The U.S. Department of Commerce's Bureau of Industry and Security (BIS) issued a rule expanding the list of parties subject to U.S. export restrictions (the "BIS Affiliates Rule"). Applied estimated the rule would reduce net revenue by approximately $110 million in Q4 FY2025 and by approximately $600 million in FY2026 due to further restrictions on exporting products and providing parts/services to certain China-based customers. - **February 11, 2026 (accession 0001628280-26-007444)** — Applied disclosed that the U.S. Department of Justice and the U.S. Securities and Exchange Commission had closed their respective inquiries — arising from earlier subpoenas related to China customer shipments and export-controls compliance — with no enforcement action taken by either agency. The same day, Applied entered into a settlement agreement with BIS to resolve its related inquiry, agreeing to a one-time payment of $252.5 million and to conduct internal export-controls compliance audits and maintain related training and reporting programs. ## Restructuring - **October 23, 2025 (accession 0001628280-25-046107)** — Applied approved a workforce reduction plan affecting approximately 4% of its global workforce, with estimated charges of $160 million to $180 million (primarily severance and other one-time termination costs, plus non-cash charges). Most charges were expected to be recognized in Q4 FY2025, with the plan expected to be completed in Q1 FY2026 subject to local legal requirements and consultations with employee representatives. ## Capital markets / financing - **September 19, 2025 (accession 0001193125-25-209109)** — Applied completed a registered public offering of $1.0 billion in senior unsecured notes: $550 million of 4.000% notes due 2031 and $450 million of 4.600% notes due 2036, issued under an indenture with The Bank of New York Mellon Trust Company, N.A. as trustee. Applied said it intended to use a portion of the proceeds to repay its $700 million of 3.900% notes maturing October 1, 2025, with the remainder for general corporate purposes. - **September 26, 2025 (accession 0001628280-25-042933)** — Applied entered into a 364-day, $2.0 billion unsecured revolving credit facility with Bank of America, N.A. as administrative agent, expandable to $3.0 billion subject to lender commitments. The facility matures September 24, 2026 (with an option to convert outstanding loans to term loans maturing September 24, 2027) and includes a financial covenant requiring a minimum ratio of consolidated adjusted EBITDA to net interest expense of 3.00 to 1.00. No amounts had been drawn as of the filing date. ## Board and governance - **July 18, 2025 (accession 0001193125-25-162237)** — The Board of Directors elected James R. Anderson to the Board and to its Strategy and Investment Committee, effective immediately, under Applied's standard non-employee director compensation arrangements. - **September 12, 2025 (accession 0001193125-25-202820)** — Director Yvonne McGill resigned from the Board of Directors, effective that date. The filing states her resignation was not due to any disagreement with the company regarding its operations, policies, or practices. Routine annual-meeting business (director elections, advisory say-on-pay votes, and auditor ratification, reported in the March 2025 and March 2026 8-Ks) produced no contested or otherwise notable outcomes and is omitted here as immaterial to the company's financial or strategic picture. As of this writing, Applied's most recent Form 8-K on file is the May 14, 2026 earnings release; no subsequent current reports had been filed with the SEC.