3 managers · $400M totalData: SEC EDGAR 13F · 2026Q2
Manager holders · last 4 qtrsⓘ
2
2025Q2 – 2026Q1 · +1 QoQ
Total position
$400M
Combined value across tracked managers
Net move this quarter
↑ Adding
Weighted by holders' share change
HolderQ actionValue% of port.Style
EgertonNew$377M3.64%Global growth-value
MarkelAdd+6.6%$12M0.1%Insurance float / Long-term value
HoskingⓘTrim-38.86%$11M0.38%Contrarian value / Global diversified
What managers sayⓘ
2025-09-30Third PointNeutralThird Point Q3 2025 Investor LetterDetail →
2002-12-31Giverny CapitalNeutralGiverny Capital Annual Letter to Partners 2002Detail →
2001-12-31Giverny CapitalBullGiverny Capital Annual Letter to Partners 2001Detail →
Earnings Callsⓘ
Q2 2026May 15, 2026
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This quarter, Applied Materials exceeded expectations, primarily due to strong AI-driven demand for semiconductor equipment.
Revenue $7.91B, up 11% YoY; non-GAAP EPS $2.86, up 20% YoY. The semiconductor equipment business is expected to grow over 30% for the full year.
Demand for AI architectures has driven customers to provide eight-quarter rolling forecasts, and the company has nearly doubled its capital expenditure and production capacity. New products, Trillium ALD and PECVD, strengthen GAA node position, and the launch of the EPIC center accelerates collaboration with customers. DRAM and advanced packaging revenue grew significantly, up 18% YoY and expected to grow over 50% for the full year, respectively.
Q3 revenue guidance $8.95B (up nearly 23% YoY), EPS $3.36 (up nearly 36% YoY), and the full-year equipment business outlook raised to over 30% growth.
Positive signals: Management is highly confident, stating that "2027 will be another strong year"; Negative signals: China accounts for 24% of revenue, and export control risks remain a concern.