Applied Materials Trades More Than 25% Below Its High With Revenue at a Record

Category: Markets

Published: 2026-08-16T15:07:03.000Z

Applied Materials (NASDAQ: AMAT) reported record fiscal third-quarter results, with revenue up 25% year-over-year to $9.1 billion and non-GAAP EPS up 41% to $3.50. Despite this strong performance and an impressive outlook for Q4 driven by AI demand, the stock fell, trading over 25% below its 52-week high. The market appears cautious due to the cyclical nature of the semiconductor equipment business and concerns about how long the current AI spending boom will last.

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