Applied Materials shares fall more than 5% after hours despite the revenue beat and higher outlook

Applied Materials shares fell more than 5% in extended trading on August 13 even though results and guidance beat estimates. Reuters attributed the drop to high expectations, since Lam Research and KLA had just reported solid results and forecast growth. The stock had more than doubled that year, and analysts quoted by Reuters said the quarter was solid but did not impress the Street.

• Extended-trading move: down more than 5%
• Premarket on August 14: down about 5.7%
• Stifel and CFRA cited elevated expectations
• The stock had more than doubled in 2026 before the report