Applied Materials - Q2 FY2026 Earnings $AMAT 461.85 [+4.8% AH] ✅ Revenue: $7.91B (Est: $7.68B) [+11% YoY] ✅ Adj. EPS: $2.86 (Est: $2.68) Additional Metrics: Non-GAAP Gross Margin: 50.0% Non-GAAP Operating Margin: 32.1% Semiconductor Systems Revenue: $5.97B Semiconductor Systems Non-GAAP Operating Margin: 35.2% Applied Global Services Revenue: $1.67B Applied Global Services Non-GAAP Operating Margin: 29.2% Q3 FY2026 Guidance: ⚪ Revenue: $8.45-9.45B (Est: $8.15B) ⚪ Adj. EPS: $3.16-3.56 (Est: $2.90)

Leverage from 1x → 5x, here's how S&P 500 trackers performed over the last year. Effective leverage in parenthesis: 1x $SPY: +24% 2x $SSO: +46% (1.9x) 3x $SPXL: +70% (2.9x) 4x $SPYU: +83% (3.4x) 5x $SP5Y: +111% (4.5x)