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stocksAug 13, 2026, 8:42 PM

Applied Materials CEO: AGS to Grow Over 20% in 2026

Applied Materials expects its AGS segment to grow more than 20% in calendar 2026, with packaging revenues seen rising more than 70%.

AMAT

Applied Materials provided an upbeat outlook on its conference call. The CEO said the company expects its AGS business to grow more than 20% in calendar 2026 and to deliver a sustainable long-term annual growth rate in the mid-teens.

Packaging revenue expectations were also raised. Applied Materials now expects overall packaging revenues to grow more than 70% in calendar 2026, according to the CEO.

Source: First Squawk