semiconductor / news / / Benzinga
BofA Securities: Applied Materials reported record revenues and earnings that topped consensus estimates by 3% and 8%.
Applied Materials raised its 2026 Systems sales growth forecast to 30% from 20%.
KEY POINTS
- Management now receives rolling eight-quarter forecasts from customers, providing unprecedented visibility into 2027-2028.
- Over 80% of WFE growth in 2026 is expected from leading-edge foundry, DRAM, and advanced packaging.
- Applied Materials expects to earn $13.50 per share in 2026, well above prior consensus of $12.03.
- Gross margin reached 50%, above consensus, driven by favorable product mix and innovation.
COMPANIES
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