Applied Materials reported record fiscal Q3 revenue of $9.1 billion and EPS of $3.50, beating expectations with strong growth in semiconductor systems and DRAM revenue. However, shares fell 5.7% premarket as Q4 revenue and margin guidance, while strong, failed to meet the very high market expectations after a recent sharp stock run-up. Analysts noted slower system shipment growth and flat gross margins due to ramp costs. Industry peers Lam Research and KLA showed muted reactions, with Lam providing a bullish outlook for 2026 wafer fab equipment spending. Applied is building capacity to potentially double system output by 2028, signaling optionality rather than guaranteed revenue growth. Investors will watch if Applied stabilizes above $534 and how analysts adjust price targets post-earnings.
Applied Materials reported strong Q3 financial results with revenue up 25% to $9.12 billion and adjusted EPS rising 41% to $3.50, beating Wall Street estimates. However, the stock fell over 5% after earnings due to market expectations being even high...
Michael Burry, known for his contrarian bets, has increased his short positions on Micron Technology and the Invesco QQQ Trust despite current losses. Micron's stock has surged over 238% this year due to strong demand in the memory chip sector, but B...
Applied Materials reported Q3 revenue of $9.12 billion, up 25% year-over-year, beating estimates, with adjusted EPS of $3.50, a 41% increase. The company gave a strong Q4 revenue forecast of $10.25 billion, well above expectations, driven by growth i...
Applied Materials reported its fifth consecutive earnings beat with record revenue of $9.12 billion, driven by strong demand for semiconductor equipment used in AI chip production. Despite this, shares fell 2.48% as investors question if the AI-drive...
Applied Materials reported record third-quarter results and issued a fourth-quarter revenue guidance of $10.25 billion, significantly exceeding analyst expectations. The company reduced its revenue dependence on China to 26%, lowering geopolitical ri...
