New York, February 9, 2026, 11:33 (ET) — Regular session
- Applied Materials shares climbed in late-morning trading, tracking gains across chip stocks.
- The focus now turns to the company’s quarterly results due later this week.
- Export controls—and the level of exposure to China—still hang over the outlook as a crucial swing factor.
Applied Materials traded higher in late-morning hours Monday, jumping about 1.2% to $326.33. Semiconductor names caught a bid across the board, with investors setting up positions before the company’s earnings due this week. The iShares Semiconductor ETF advanced roughly 1.3%.
Applied’s fiscal first-quarter results are coming up after the U.S. market closes on Thursday, with its earnings call set for 4:30 p.m. ET. The move arrives as the countdown continues. 1
Zacks analysts are looking for earnings of $2.19 a share on $6.89 billion in revenue—each below last year’s figures. The firm’s models indicate multiple line items, especially in China, are coming in weaker compared with a year ago. 2
Investors are watching the company’s China operations closely, with U.S. restrictions on advanced chip equipment getting tighter. Last quarter, Chief Executive Gary Dickerson pointed out, “Non-U.S. equipment companies don’t have the same restrictions,” highlighting the risk that share could move in China, regardless of local preference for U.S. suppliers. 3
Tech pushed higher overall. The Invesco QQQ Trust, which tracks the Nasdaq, climbed roughly 0.7%, while the SPDR S&P 500 ETF added about 0.5% for the session.
ASML gained around 1.6% among chip-equipment names, with KLA also edging up about 0.5%. Lam Research, however, dipped close to 0.7% during late morning trading.
Applied Materials ranks among the largest providers globally when it comes to equipment for fabricating semiconductors. The company’s machines handle key stages in building chips on silicon wafers. 4
The picture isn’t straightforward. Applied has already warned that wider U.S. chip export restrictions may dent revenue, estimating a roughly $600 million impact on fiscal 2026 sales from tighter rules on shipments and services to certain China-based clients. 5
Thursday’s report drops, and traders will be zeroed in on guidance—not just whether there’s a headline beat or miss. They’ll be parsing any clues on orders and service demand, plus how fast customers are putting money into new capacity or just keeping older tools running longer.
Thursday brings the company’s next hurdle: fiscal first-quarter 2026 results and outlook, slated for Feb. 12. 6
