Applied Materials reported a record Q2 FY2026 revenue of $7.91 billion, an 11% increase year-over-year, and a non-GAAP EPS of $2.86, up 20%. The company raised its equipment growth guidance for calendar year 2026 to over 30%, driven by strong performance in DRAM and AGS segments and improved order visibility. Despite a recent stock price drop of around 40% from its highs, the fundamentals remain strong, and the correction is seen as sector-related rather than company-specific. The firm maintains a Buy rating, viewing the current valuation of 34 times forward P/E as an attractive entry point.
Applied Materials reported strong Q2 results with revenue of $7.91 billion, up 11% year-over-year, and a record operating margin of 31.9%. The company raised its semiconductor equipment growth outlook for 2026 to over 30%, driven by improved revenue ...
Chip stocks rallied strongly following robust earnings reports from Microsoft and Lam Research, with Lam Research shares jumping 20% and Microsoft rising 15%. The surge was driven by increased demand for AI-related infrastructure, as companies invest...
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The FTSE 100 reached a new intraday high above 10,945, driven by strong earnings from companies like Standard Chartered, Reckitt Benckiser, and Rio Tinto, which also announced increased dividends and share buybacks. Rising oil prices, fueled by renew...
The Silvant Large Cap Growth SMA achieved a quarterly return of 14.61% (gross) and 13.79% (net), underperforming the Russell 1000 Growth Index, which returned 16.74%. Key contributors to the fund's relative performance included ARM Holdings and Appli...
