Applied Materials Expects 20% Growth in Silicon Revenue in 2026 Amid AI Demand

Monday, Mar 23, 2026 12:11 pm ET1min read
AMAT--

Applied Materials (AMAT) is a tech stock with strong earnings growth potential, driven by demand for AI systems. The company targets a free cash flow return of 80%-100% and estimates silicon revenue growth of over 20% in 2026. Leading cloud service providers are investing in AI data centers, with projected spending of $700 billion in 2027. Analysts are bullish on the stock, with 78% of them having a buy rating.

Applied Materials Expects 20% Growth in Silicon Revenue in 2026 Amid AI Demand

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