1020 ET - Applied Materials has good visibility and confidence on its 2030 roadmap despite near-term growth being mixed, say KeyBanc Capital Markets analysts. The semiconductor-equipment company issued 2Q EPS above estimates and forecast in-line revenue for 3Q. The analysts think Applied Materials took a relatively conservative tone toward near-term conditions but expressed confidence to deep customer relationships and take share on important node transitions toward $1 trillion to $1.3 trillion by 2030. "For now, the market continues to be driven by AI-related logic-and-memory devices, while trailing edge and China remain challenging," they add. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

May 16, 2025 10:20 ET (14:20 GMT)

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