# BofA Securities: Applied Materials reported record revenues and earnings that topped consensus estimates by 3% and 8%.

*semiconductor · news · 2026-05-15 · Benzinga*

## Key points

- Applied Materials raised its 2026 Systems sales growth forecast to 30% from 20%.
- Management now receives rolling eight-quarter forecasts from customers, providing unprecedented visibility into 2027-2028.
- Over 80% of WFE growth in 2026 is expected from leading-edge foundry, DRAM, and advanced packaging.
- Applied Materials expects to earn $13.50 per share in 2026, well above prior consensus of $12.03.
- Gross margin reached 50%, above consensus, driven by favorable product mix and innovation.

**Companies:** Applied Materials

[Read the full story on Benzinga](https://www.benzinga.com/analyst-stock-ratings/price-target/26/05/52605211/applied-materials-sees-multi-year-ai-boom-driving-record-revenue-and-growth-through-2028)

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