Applied Materials shares pop on upbeat guidance, strong fiscal first quarter report

NodeGuardian · 2026-02-27T04:30:37+00:00

Applied Materials exceeded Q1 expectations with strong results and guidance, leading to a 9% share increase. Highlights include record DRAM and services revenue, bolstered by AI computing investments.

NodeGuardian

2026-02-27 04:30:37

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Applied Materials (NASDAQ:AMAT) reported robust fiscal first-quarter results, surpassing Wall Street expectations and issuing strong guidance for Q2. The company, a semiconductor equipment maker, saw its shares rise more than 9% in after-hours trading. Key highlights include record DRAM revenue in its Semiconductor Systems segment and record services revenue from Applied Global Services, driven by accelerated investments in AI computing.

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