Applied Materials Price Target Raised to $540, 18.7% Upside After Record Q2 Revenue
AMAT•Mizuho Securities raised Applied Materials' price target to $540, indicating 18.71% upside. The semiconductor equipment provider delivered record Q2 revenues of $7.91B with a 32.1% non-GAAP operating margin and forged a partnership with SCREEN Semiconductor Solutions to boost next-gen chip production yields.
1. Price Target Increase
Mizuho Securities raised Applied Materials' price target to $540 from $500, reflecting an 18.71% potential upside based on the stock’s recent trading levels.
2. Q2 Financial Results
Applied Materials reported record second-quarter revenues of $7.91 billion, expanded non-GAAP operating margin to 32.1%, achieved a 50% gross margin—the highest in over 25 years—and saw Applied Global Services revenue grow by 17% with its AIx platform connecting over 35,000 chambers.
3. Strategic Partnership
Applied Materials partnered with SCREEN Semiconductor Solutions to co-develop next-generation chip solutions, targeting improved production yields and accelerated commercialization of advanced semiconductor devices.
