Applied Materials reports Aug 13. Will its stock close higher on Aug 14 than on Aug 12?

Applied Materials reported fiscal third-quarter 2026 results after markets closed on August 13, 2026, posting adjusted earnings of $3.50 per share on revenue of $9.12 billion, both above Wall Street estimates of roughly $3.40 per share and $8.99 billion. Despite the beat, shares fell in after-hours trading and closed around 5 percent lower on August 14 versus the August 12 close near $534, dropping to roughly $507, according to Yahoo Finance and MarketWatch. The decline stemmed from investor focus on near-term margin guidance and the pace of future growth rather than the headline numbers; China's share of total revenue fell to about 28 percent from 35 percent a year earlier amid continued U.S. export restrictions on advanced semiconductor equipment, and the stock's rally into earnings had pushed its valuation above 50 times trailing earnings, raising the bar for the report to clear. The drop reflects a pattern seen elsewhere this earnings season, where strong headline results in AI-linked chip-equipment stocks have repeatedly failed to satisfy elevated investor expectations. The community had unanimously predicted the stock would close higher, contrary to the actual decline.