Applied Materials stock rose 11% ahead of its Q4 FY2026 earnings report, driven by strong demand in wafer fabrication equipment linked to AI growth. The company expects significant revenue and earnings growth for 2026, supported by advances in DRAM and advanced packaging. Peers Lam Research and ASML also saw gains, fueled by optimistic spending forecasts and share buybacks. Investors await Applied Materials' 2027 outlook to gauge if the chip equipment rally can continue amid risks like supply constraints and export controls.
Applied Materials shares surged 11.25% to USD 370.16 on Pluang, reflecting strong investor interest with 71% of orders buying as of Nov 10, 2026 01:12 WIB. Lam Research and ASML also gained, up 8.41% and 6.04% respectively, with Lam Research seeing 98% buy orders and ASML 60% sell orders at that time.
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Applied Materials is currently the cheapest stock in the semiconductor equipment sector, trading at a forward price-to-earnings ratio of 17.93x. Analysts forecast over 45% earnings per share growth through 2028, with a consensus estimate of $18.56 pe...
