Overview
- Applied Materials reported fiscal third-quarter revenue of about $9.12 billion and adjusted EPS of $3.50, beating Street forecasts and lifting net income to roughly $2.54 billion.
- The company raised its revenue and profit outlooks for calendar 2026 and 2027 and upgraded its 2026 semiconductor equipment growth outlook to more than 30 percent.
- For the fiscal fourth quarter the firm guided revenue near $10.25 billion (± $500 million) and adjusted EPS around $4.02 (± $0.20), with gross margins at multi‑year highs.
- Despite the beat and stronger guidance, the stock fell more than 5% in extended trading as options markets had priced an implied post‑earnings move of roughly 7% and showed a bearish put skew.
- Investors will now watch whether multi‑year customer visibility on AI, memory, foundry/logic and packaging orders converts into timely deliveries and sustained pricing to justify the stock’s elevated forward P/E.