🔴 Applied Materials is trading 3.28% down in after-hours trading after fiscal third-quarter earnings despite strong beat

Applied Materials is trading 3.28% down at $517 in after-hours trading after releasing fiscal third-quarter results on August 13, 2026, despite the strong beat and outlook.

• Record revenue was $9.12 billion, with non-GAAP EPS of $3.50.
• It forecast fourth-quarter revenue of approximately $10.25 billion, above analysts’ $9.54 billion estimate.
• Despite a supportive broader market, technology stocks rose and the S&P 500 reached an intraday record, suggesting a company-specific reaction as investors were positioned for exceptionally strong results.