Financial Performance: The company reported revenue of US$7.30 billion, a 7.7% increase from the previous year, and net income of US$1.78 billion, up 4.3%.
Earnings Metrics: Profit margin remained at 24%, while earnings per share (EPS) rose to US$2.23, an increase from US$2.06 in the prior year.
Analyst Comparisons: Revenue exceeded analyst estimates by 1.2%, but EPS fell short by 5.7%. Future revenue growth is projected at 4.5% annually over the next three years.
Industry Context: The company's share price has remained stable recently, contrasting with a forecasted 17% growth for the broader US Semiconductor industry.
AMAT
$258.84+Infinity%1D
Analyst Views on AMAT
Wall Street analysts forecast AMAT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMAT is 249.83 USD with a low forecast of 185.00 USD and a high forecast of 300.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
Wall Street analysts forecast AMAT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMAT is 249.83 USD with a low forecast of 185.00 USD and a high forecast of 300.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Buy
6 Hold
0 Sell
Moderate Buy
Current: 261.270
Low
185.00
Averages
249.83
High
300.00
Current: 261.270
Low
185.00
Averages
249.83
High
300.00
Mizuho
Neutral
maintain
$205 -> $245
2025-12-17
New
Reason
Mizuho
Price Target
$205 -> $245
2025-12-17
New
maintain
Neutral
Reason
Mizuho raised the firm's price target on Applied Materials to $245 from $205 and keeps a Neutral rating on the shares. The firm sees upside to 2026 wafter fab equipment estimate. The improving WFE outlook is positive for the company, the analyst tells investors in a research note. However, Mizuho sees challenges for Applied Materials given its China share loss and Intel exposure.
Cantor Fitzgerald
C.J. Muse
maintain
$300 -> $350
2025-12-16
New
Reason
Cantor Fitzgerald
C.J. Muse
Price Target
$300 -> $350
2025-12-16
New
maintain
Reason
Cantor Fitzgerald analyst C.J. Muse raised the firm's price target on Applied Materials to $350 from $300 and keeps an Overweight rating on the shares.
BofA
Buy
maintain
$250 -> $300
2025-12-16
New
Reason
BofA
Price Target
$250 -> $300
2025-12-16
New
maintain
Buy
Reason
BofA raised the firm's price target on Applied Materials to $300 from $250 and keeps a Buy rating on the shares. The firm is updating its price targets for U.S. Semiconductor stocks under its coverage, the analyst tells investors. BofA views 2026 as a midpoint for an 8 to 10 year journey upgrading traditional IT infrastructure for faster, AI workloads. While stocks may remain choppy amid greater scrutiny of AI returns and hyperscaler cash flows, this should be offset by faster large language model builders and AI factories, the firm adds.
Wells Fargo
NULL -> Overweight
upgrade
$255 -> $290
2025-12-15
New
Reason
Wells Fargo
Price Target
$255 -> $290
2025-12-15
New
upgrade
NULL -> Overweight
Reason
Wells Fargo raised the firm's price target on Applied Materials to $290 from $255 and keeps an Overweight rating on the shares. The firm notes post close on December 12, Applied Materials published its 2025 10-K. Continuing to trade at a discount to peers, Wells remains positive on Applied Materials' position for 2026 WFE outperformance.
About AMAT
Applied Materials, Inc. is a materials engineering solution company. The Company provides equipment, services and software to the semiconductor, display, and related industries. It operates in three segments: Semiconductor Systems, Applied Global Services (AGS), and Display. The Semiconductor systems segment designs, develops, manufactures and sells a range of primarily 300 mm equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). The AGS segment provides services, spares and factory automation software to customer fabrication plants globally. The AGS segment also manufactures and sells 200mm and other equipment. The Display segment is comprised primarily of products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), and other display technologies for televisions, monitors, laptops, personal computers (PCs), tablets, smartphones, and other consumer-oriented devices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
