Zhi Tong Cai Jing·2026-02-13 14:13Core Viewpoint - Application Materials (AMAT.US) experienced a pre-market surge of over 11%, reaching $366.0, driven by better-than-expected earnings and strong revenue forecasts [1] Financial Performance - For the first quarter of fiscal year 2026, revenue slightly declined by 2% year-over-year to $7.01 billion, which was significantly better than the company's prior expectations and above Wall Street analysts' average estimate of approximately $6.86 billion [1] - Non-GAAP earnings per share for the first quarter were reported at $2.38, exceeding the Wall Street average expectation of $2.21 [1] Revenue Forecast - Application Materials provided an unexpectedly strong revenue forecast, indicating a substantial increase in demand for artificial intelligence and storage-related semiconductors, which is accelerating procurement of high-end semiconductor manufacturing equipment by leading chip manufacturers like TSMC [1] - The company anticipates second-quarter revenue for fiscal year 2026 to be around $7.65 billion, with a fluctuation range of approximately $500 million, compared to Wall Street analysts' average revenue expectation of $7.03 billion for the same quarter ending in April [1] - Analysts have continuously raised revenue expectations for Application Materials this year, driven by the expansion of advanced 3nm and below AI chip production, as well as the ramp-up of CoWoS/3D advanced packaging capacity and DRAM/NAND storage chip production [1]