Applied Materials, Inc. (AMAT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Applied Materials first quarter of fiscal 2026 earnings call. During the presentation, all participants will be in a listen-only mode. Afterwards, you will be invited to participate in a question and answer session. I would now like to turn the call over to Mike Sullivan, Corporate Vice President of Investor Relations. Please go ahead. Good afternoon, everyone, and thank you for joining today's call. With me are Gary Dickerson, our President and CEO, and Bryce Hill, our Chief Financial Officer. Before we begin, I'd like to remind you that today's call includes forward-looking statements which are subject to risks and uncertainties that could cause our actual results to differ. Information concerning these risks and uncertainties is discussed in our most recent Form 10-K and other filings with the SEC. Today's call also includes non-GAAP financial measures. Reconciliations to gap measures can be found in today's earnings press release and in our quarterly earnings materials, which are available on our website at ir.appliedmaterials.com. Before we begin, I have several calendar announcements. On Tuesday morning, February 24th, Applied will host new product briefings at the SPIE Lithography and Patterning Conference in San Jose, and you're welcome to join us in person. We are also very pleased to announce the first event in our 2026 Masterclass Series, We plan to cover transistors and wiring on Wednesday, April 8th at 9 o'clock in the morning Pacific time and we'll host a live webcast. Finally, we're excited to announce two special events during Semicon West. On Monday afternoon, October 12th, we plan to host an investor open house event at the new Epic Center in Silicon Valley, California. We hope you'll join us there. And on Tuesday morning, October 13t...