PomegraApplied Materials Stock Jumps 8% as Earnings Near
Why is Applied Materials stock up today?
Applied Materials (AMAT) stock rose about 8% to roughly $403 on Wednesday as chip-equipment makers rebounded after CoreWeave's strong results eased AI-spending worries ahead of Applied's earnings.
Key numbers
| Applied Materials share price | $403+8% on Wednesday |
|---|---|
| Expected quarterly sales | $10.30B+51% YoY |
| Expected adjusted profit per share | $4.06+87% YoY |
| Options-implied post-earnings move | ±7.5%options expiring Nov 12 imply 8.8% |
| Applied stock, past month before rebound | -20%Lam -24%, KLA -16% |
| Another tally of Wednesday's gain | +6.1%vs +8% in other reports (per [6]) |
What happened
Applied Materials (AMAT) stock rose about 8% to roughly $403 on Wednesday as chip-equipment makers rebounded after CoreWeave's strong results eased AI-spending worries ahead of Applied's earnings. Lam Research rose 9% and KLA 7%. These are two other makers of the machines that build computer chips, and all three had fallen 16% to 24% in the past month. Applied reports after the market closes Thursday, and its own forecast (guidance) calls for about $10.25 billion in sales, up 51% from a year ago. Options traders are pricing in a swing of roughly 7.5% either way, and Cisco also reports tonight.
Why it matters
Applied Materials makes machines chipmakers use to build AI chips, so its results are a health check on AI spending. Its stock fell about 20% in a month on worries that data-center funding could slow, before this bounce. Analysts expect sales up 51% and profit per share up 87% from a year ago, so expectations are high.
Who this affects
- MarketmixedMedium impact
- Chip and AI stock holders face big swings either way.
- CompanymixedHigh impact
- Applied shareholders face a roughly 7.5% swing after results.
- CompetitorsbullishMedium impact
- Lam Research and KLA holders gained 9% and 7%.
- IndustrymixedMedium impact
- Strong results would ease worries about AI factory spending.
Applied Materials vs Lam Research, KLA
How we got here
Applied reports record $9.12B quarterly sales and guides next quarter to $10.25B, give or take $500M.
CoreWeave raises full-year revenue guidance after the close, easing AI-spending worries.
Applied rises about 8%, Lam Research 9%, KLA 7% after a roughly 20% monthly drop.
Applied and Cisco report results after the market closes.
What to watch
- Applied's forecast for next quarter; analysts expect about $10.83B in sales and $4.23 per share.2026-11-12
- Comments on China, which fell to 28% of Applied's sales from 35% amid export-control worries.2026-11-12
- Cisco also reports; options imply a 7.9% move, revenue near $18.1B expected.2026-11-12
Educational content only. Not investment advice.
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