Applied Materials will report its quarterly results this Thursday after the market close. Analysts expect revenue to grow 23.8% year over year, an acceleration from the 7.7% increase in the same quarter last year. The company beat revenue expectations last quarter, reporting $7.91 billion, up 11.4% year on year. Peers Kulicke and Soffa and FormFactor have already reported strong results, with revenue growth of 123% and 31.9% respectively. Applied Materials shares are down 8.2% over the last month, with an average analyst price target of $633.34 compared to the current price of $527.90.
