Applied Materials beats quarterly earnings and revenue expectations, lifts outlook as AI and data center demand drives partnerships with Broadcom and SCREEN

Applied Materials reported quarterly earnings and revenue that exceeded expectations, while announcing fresh partnerships around advanced chip packaging and wafer cleaning with Broadcom and SCREEN.

The stock has gained 17.99% over 30 days, 184.03% over 1 year, and 243.91% over 5 years; it currently trades about 13.7% below one analyst price target of US$511.17.

A widely followed valuation narrative places fair value at $194.11—well below the current price of $449.68—based on long-term semiconductor demand for next-generation fabrication tools and AI-driven demand for high-bandwidth memory and advanced logic chips.