Recent Updates — AMAT

Applied Materials entered an accelerated share purchase agreement to acquire additional shares of BE Semiconductor Industries (Besi), bringing its total ownership to approximately 20% of Besi's outstanding common stock. This transaction builds upon Applied's initial investment made in April 2025 and reinforces a strategic partnership focused on advanced packaging technologies, including hybrid bonding and next-generation interconnect architectures for AI-driven scaling. The delivery of shares is contingent on the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Applied Materials does not intend to seek board representation at Besi. Applied Materials provides materials engineering solutions for semiconductor and advanced display manufacturing.

Applied Materials, Inc. appointed Akash Palkhiwala to its Board of Directors and Audit Committee effective August 27, 2026. Mr. Palkhiwala, currently Chief Financial Officer and Chief Operating Officer of Qualcomm Incorporated, brings extensive financial and operational leadership experience in the computing and technology industry. His compensation includes a $100,000 annual retainer, a $25,000 Audit Committee retainer, and an automatic grant of restricted stock units valued at $250,000, vesting on March 1, 2027. Applied Materials is the leader in materials engineering solutions for the semiconductor and advanced display industries.

Applied Materials reported record third-quarter revenue of $9.12 billion, a 25% increase year-over-year, driven by strong demand for AI-related semiconductor equipment. GAAP diluted earnings per share reached $3.17, up 43%, while non-GAAP diluted EPS hit a record $3.50, rising 41%. The company generated record operating cash flow of $3.04 billion and returned $860 million to shareholders via $440 million in share repurchases and $420 million in dividends. Management raised full-year Semiconductor Systems revenue expectations for calendar 2026 and provided fourth-quarter guidance of $10.25 billion in total revenue and $4.02 non-GAAP diluted EPS. Applied Materials operates in the semiconductor equipment industry, providing materials engineering solutions for chip manufacturing.

Applied Materials announced its financial results for the second quarter ended April 26, 2026. This filing is material to investors as it marks the release of quarterly performance data used to evaluate the company's operational health and growth trajectory.

Applied Materials has agreed to a $252.5 million one-time settlement with the U.S. Bureau of Industry and Security (BIS) to resolve an inquiry regarding export control compliance and shipments to China. The company will also implement enhanced internal audits and compliance training as part of the agreement. This settlement, alongside the closure of separate DOJ and SEC inquiries, resolves a significant regulatory overhang for the company.