Markets· August 16, 2026 at 03:01 p.m.
Applied Materials Reports Record Revenue Despite 28% Drop from 52-Week High
Key takeaways
- Applied Materials reported record revenue of $9.1 billion
- Non-GAAP earnings per share rose 41% to a record $3.50
- Fiscal fourth-quarter revenue is expected to grow by 51%
Applied Materials, a leading chip-equipment maker, reported record revenue of $9.1 billion for its fiscal third quarter, marking a 25% year-over-year increase. However, the company's shares closed at $534.54 on Thursday, which is more than 28% below its 52-week high of $739.67. The stock fell about 5% in after-hours trading despite the strong financial results.
