Applied Materials rises on upbeat quarterly results forecast

Applied Materials' AMAT.O shares climb 9.3% to $359.01 after the bell

AMAT sees Q2 sales of about $7.65 billion, plus or minus $500 million, ahead of the average estimate of $7.01 billion, according to data compiled by LSEG

Expects adj. profit of about $2.64 per share, plus or minus 20 cents, for Q2, also ahead of estimates of $2.28 apiece

AMAT posts Q1 revenue of $7.01 billion, beating consensus estimate of $6.87 billion

Stock rose ~58% in 2025