Applied Materials projects record Q4 revenue driven by over 70% growth in packaging tools by 2026.
Applied Materials guided to $10.25 billion in Q4 revenue, citing record quarterly growth and surging demand for advanced packaging solutions. The company expects packaging tool revenue to rise more than 70% by fiscal 2026.
Q3 fiscal 2026 results marked the highest sequential revenue growth in the company’s history. Management attributed the strength to robust semiconductor equipment demand and expanding capacity in high-performance computing and AI applications.
Shares of AMAT showed limited movement following the announcement, as investors weighed the outlook against broader industry trends.