Applied Materials Stock Jumps 15% on Lam Research Results Ahead of Its Own Earnings

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โดย The Motley Fool·Read original
Summary · why it matters

Applied Materials shares surged about 15% on Thursday, July 30, closing at $501.77, after fellow chip-equipment maker Lam Research reported record results and strong guidance. Lam Research posted record June-quarter revenue, operating margin, and earnings per share, and guided for about $8.1 billion in September-quarter revenue, lifting equipment stocks across the board. Applied Materials, which is still more than 30% below its 52-week high of $739.67, reports its own fiscal third-quarter results on Thursday, August 13. In May, the company reported record fiscal second-quarter revenue of $7.91 billion and guided for third-quarter revenue of about $8.95 billion, while CEO Gary Dickerson projected more than 30% growth in its semiconductor equipment business in calendar 2026. The upcoming report will need to meet that revenue guidance and support the growth outlook to justify the recent rally.

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