Preview: Applied Materials Climbs Ahead Of Ai: focused results

Applied Materials

13/08/2026 17:16

** Applied Materials AMAT.O shares climbing 1.4% on Thurs ahead of qtrly results after the bell, with focus on demand for its chip-manufacturing tools related to buildout of AI data centers
** The semiconductor equipment maker is expected to post qtrly rev up 23% to $8.99 bln and adj EPS of $3.39, up from $2.48 a yr-ago, per LSEG
** The co in May forecast strong Q3 results, citing sustained spending on data centers and AI infrastructure
** Stock has surged ~116% YTD, far outpacing the 15% gain in the Nasdaq .IXIC, and it remains down ~23% from its record-high close on June 30
** AMAT recently traded at 34x forward earnings, above its 20x five-year avg, per LSEG data

(Reporting by Noel Randewich)
((noel.randewich@thomsonreuters.com))