The Zhitong Finance App learned that semiconductor equipment giant Applied Materials (AMAT.US) announced strong results for the fourth quarter of fiscal year 2026. Revenue, adjusted earnings per share, and performance guidelines for the next fiscal quarter all exceeded market expectations. Despite recent increases in the artificial intelligence (AI) and semiconductor sector fluctuations, demand for equipment in the fields of advanced logic chips, dynamic random access memory (DRAM), and advanced packaging is still strong. Wall Street banks Bernstein and Morgan Stanley both confirmed the business performance of Applied Materials in their newly released research reports. However, considering the current market environment and valuation factors, both institutions lowered their target price for the stock.

The Zhitong Finance App learned that semiconductor equipment giant Applied Materials (AMAT.US) announced strong results for the fourth quarter of fiscal year 2026. Revenue, adjusted earnings per share, and performance guidelines for the next fiscal quarter all exceeded market expectations. Despite recent increases in the artificial intelligence (AI) and semiconductor sector fluctuations, demand for equipment in the fields of advanced logic chips, dynamic random access memory (DRAM), and advanced packaging is still strong. Wall Street banks Bernstein and Morgan Stanley both confirmed the business performance of Applied Materials in their newly released research reports. However, considering the current market environment and valuation factors, both institutions lowered their target price for the stock.