Applied Materials Schedules Q2 2026 Earnings Call
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Should l Buy AMAT?
Source: Newsfilter
- Earnings Call Announcement: Applied Materials, Inc. has announced its fiscal Q2 2026 earnings conference call scheduled for May 14, 2026, at 4:30 p.m. ET, aimed at providing investors and analysts with insights into its latest financial performance and business developments.
- Live Webcast and Replay: The call will be webcast live, allowing investors to participate via the company’s website link, with a replay available starting at 8:00 p.m. ET on the same day, ensuring that those unable to attend live can still access the information.
- Company Overview: Applied Materials is a leader in materials engineering solutions, with its technology being foundational to virtually every new semiconductor and advanced display globally, driving advancements in AI and the commercialization of next-generation chips.
- Commitment to Innovation: The company is dedicated to pushing the boundaries of science and engineering to deliver material innovations that change the world, reflecting its significant role in the semiconductor industry and its impact on future technological developments.
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Analyst Views on AMAT
Wall Street analysts forecast AMAT stock price to fall
22 Analyst Rating
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 443.620
Low
190.00
Averages
288.05
High
425.00
Current: 443.620
Low
190.00
Averages
288.05
High
425.00
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 through two segments: Semiconductor Systems and Applied Global Services (AGS). The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The AGS segment provides integrated solutions to optimize equipment and fab performance and productivity, including services, spares and factory automation software for semiconductor and other products. Its products include personal computing devices, mobile phones, artificial intelligence (AI) and data center servers, automobiles, connected devices, industrial applications and consumer electronics.
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.
Citi Raises Price Target on Applied Materials Amid Equipment Surge
- Price Target Increase: Citi raised Applied Materials' price target from $420 to $520, reflecting an optimistic outlook on 2026/27 wafer fab equipment spending, with projected EPS growth of 12% to $15.72 in 2027.
- Revenue Growth Expectations: Analysts anticipate a 31% year-over-year growth in silicon revenue for 2027, indicating strong performance in the semiconductor market, particularly due to improved spending mix in DRAM and F/L sectors.
- Market Reaction: Despite Citi's bullish outlook, Applied Materials' stock fell 1% in premarket trading, indicating market sensitivity to short-term fluctuations that could impact investor confidence.
- Future Investment Potential: With Tesla and SpaceX announcing their Terafab chip plant plans, future WFE spending is expected to increase, potentially leading to an incremental opportunity of $30 billion to $70 billion for 2027/28, further enhancing market optimism for Applied Materials.
See More
US Stocks Rise Slightly, Led by Tech Gains
- Market Performance: The S&P 500 and Nasdaq 100 indices both reached all-time highs, rising 0.19% and 0.29% respectively, reflecting strong corporate earnings and optimism around artificial intelligence, although gains were limited by rising oil prices and bond yields.
- Middle East Impact: The failure of the US and Iran to reach a peace agreement led to an increase in global bond yields, with the 10-year T-note yield rising 5 basis points to 4.41%, raising concerns that sustained high energy prices could force central banks to tighten monetary policy.
- Chinese Trade Data: China's April exports rose 14.1% year-on-year, significantly exceeding expectations of 8.4%, while imports increased by 25.3%, indicating positive signals for global economic recovery that could benefit global markets.
- Earnings Reports: As of Monday, 83% of the 450 S&P 500 companies that reported earnings exceeded expectations, with Q1 earnings projected to grow 12% year-on-year, but only 3% when excluding the technology sector, highlighting disparities in profitability across industries.
See More
US Stocks Rise Slightly, Nasdaq Hits All-Time High
- Market Performance: The S&P 500 Index rose by 0.25% and the Nasdaq 100 Index increased by 0.17%, reaching all-time highs, reflecting strong corporate earnings and optimism around artificial intelligence, although rising oil prices and bond yields limited gains.
- Middle East Impact: The failure of the US and Iran to reach a peace agreement has led to rising global bond yields, with the 10-year T-note yield increasing by 3 basis points to 4.39%, raising concerns that elevated energy prices could force central banks to tighten monetary policy.
- Chinese Trade Data: China's April exports rose by 14.1% year-on-year and imports increased by 25.3%, both exceeding market expectations, indicating positive signals for global economic recovery that could benefit global markets.
- Earnings Reports: So far, 83% of the 446 S&P 500 companies that reported earnings have beaten estimates, with Q1 earnings projected to climb by 12% year-on-year, although excluding the technology sector, the growth is only 3%, marking the weakest performance in two years.
See More
Options Trading Strategy Analysis for Applied Materials Ahead of Earnings
- Options Trading Opportunity: With Applied Materials set to report earnings, investors can engage in a June 400/480 call spread for a net cost of $35.50, allowing participation in approximately a 10% price movement while mitigating the risks associated with outright stock ownership and requiring less capital.
- Accelerated Earnings Growth: The company has seen accelerated earnings growth over recent quarters, with management signaling ongoing confidence in both near-term execution and long-term growth drivers, while analysts have consistently raised estimates, indicating a positive outlook for future cash flows and profit margins.
- Technical Support: The stock remains above its 150-day moving average, and relative strength indicators show continued improvement against both the broader market and sector peers, suggesting that the company is strengthening its leadership position in the market.
- Risk Management Strategy: Given the current P/E ratio of 33, significantly above the 5-year average of 23, investors should consider utilizing the call spread strategy to manage risk and avoid potential valuation contractions due to market sentiment fluctuations.
See More
U.S. Stocks Rise Slightly Amid Strong Corporate Earnings
- Market Performance: The S&P 500 rose by 0.17% and the Nasdaq 100 reached an all-time high, reflecting strong corporate earnings and optimism around AI, although rising oil prices and bond yields limited gains.
- Middle East Impact: The failure of the U.S. and Iran to reach a peace agreement has led to rising global bond yields, with the 10-year Treasury yield increasing to 4.39%, potentially forcing central banks to tighten monetary policy, which could affect market liquidity.
- Chinese Trade Data: China's April exports rose 14.1% year-on-year and imports increased by 25.3%, both exceeding market expectations, providing a positive signal for global economic growth and potentially boosting international investment sentiment.
- Corporate Earnings Situation: So far, 83% of the 446 S&P 500 companies have exceeded earnings expectations, with Q1 earnings projected to grow by 12% year-on-year, demonstrating corporate resilience in the economic recovery, although growth in the tech sector has slowed to 3%.
See More
Applied Materials and TSMC Partner to Advance Semiconductor Technologies
- Accelerated Innovation: Applied Materials and TSMC are collaborating at the EPIC Center in Silicon Valley to expedite the development and commercialization of next-generation semiconductor technologies, strengthening their partnership in materials engineering and equipment innovation to drive advancements in the AI era.
- Massive Investment: The new EPIC Center represents a $5 billion investment by Applied Materials, marking the largest U.S. investment in semiconductor equipment R&D, which is expected to significantly reduce the time from early-stage research to full-scale manufacturing, enhancing industry competitiveness.
- Technology Integration and Innovation: The partnership will focus on developing advanced materials and manufacturing equipment to meet the growing demands of AI and high-performance computing, improving power, performance, and area across leading-edge logic nodes, thus advancing semiconductor technology.
- Enhanced Multi-Node Visibility: Co-innovation programs at the EPIC Center will provide Applied Materials with greater multi-node visibility to guide R&D investments, increasing R&D productivity and value sharing, ensuring rapid technology transfer into high-volume manufacturing.
See More
Citi Raises Price Target on Applied Materials Amid Equipment Surge
- Price Target Increase: Citi raised Applied Materials' price target from $420 to $520, reflecting an optimistic outlook on 2026/27 wafer fab equipment spending, with projected EPS growth of 12% to $15.72 in 2027.
- Revenue Growth Expectations: Analysts anticipate a 31% year-over-year growth in silicon revenue for 2027, indicating strong performance in the semiconductor market, particularly due to improved spending mix in DRAM and F/L sectors.
- Market Reaction: Despite Citi's bullish outlook, Applied Materials' stock fell 1% in premarket trading, indicating market sensitivity to short-term fluctuations that could impact investor confidence.
- Future Investment Potential: With Tesla and SpaceX announcing their Terafab chip plant plans, future WFE spending is expected to increase, potentially leading to an incremental opportunity of $30 billion to $70 billion for 2027/28, further enhancing market optimism for Applied Materials.
See More
US Stocks Rise Slightly, Led by Tech Gains
- Market Performance: The S&P 500 and Nasdaq 100 indices both reached all-time highs, rising 0.19% and 0.29% respectively, reflecting strong corporate earnings and optimism around artificial intelligence, although gains were limited by rising oil prices and bond yields.
- Middle East Impact: The failure of the US and Iran to reach a peace agreement led to an increase in global bond yields, with the 10-year T-note yield rising 5 basis points to 4.41%, raising concerns that sustained high energy prices could force central banks to tighten monetary policy.
- Chinese Trade Data: China's April exports rose 14.1% year-on-year, significantly exceeding expectations of 8.4%, while imports increased by 25.3%, indicating positive signals for global economic recovery that could benefit global markets.
- Earnings Reports: As of Monday, 83% of the 450 S&P 500 companies that reported earnings exceeded expectations, with Q1 earnings projected to grow 12% year-on-year, but only 3% when excluding the technology sector, highlighting disparities in profitability across industries.
See More
US Stocks Rise Slightly, Nasdaq Hits All-Time High
- Market Performance: The S&P 500 Index rose by 0.25% and the Nasdaq 100 Index increased by 0.17%, reaching all-time highs, reflecting strong corporate earnings and optimism around artificial intelligence, although rising oil prices and bond yields limited gains.
- Middle East Impact: The failure of the US and Iran to reach a peace agreement has led to rising global bond yields, with the 10-year T-note yield increasing by 3 basis points to 4.39%, raising concerns that elevated energy prices could force central banks to tighten monetary policy.
- Chinese Trade Data: China's April exports rose by 14.1% year-on-year and imports increased by 25.3%, both exceeding market expectations, indicating positive signals for global economic recovery that could benefit global markets.
- Earnings Reports: So far, 83% of the 446 S&P 500 companies that reported earnings have beaten estimates, with Q1 earnings projected to climb by 12% year-on-year, although excluding the technology sector, the growth is only 3%, marking the weakest performance in two years.
See More
Options Trading Strategy Analysis for Applied Materials Ahead of Earnings
- Options Trading Opportunity: With Applied Materials set to report earnings, investors can engage in a June 400/480 call spread for a net cost of $35.50, allowing participation in approximately a 10% price movement while mitigating the risks associated with outright stock ownership and requiring less capital.
- Accelerated Earnings Growth: The company has seen accelerated earnings growth over recent quarters, with management signaling ongoing confidence in both near-term execution and long-term growth drivers, while analysts have consistently raised estimates, indicating a positive outlook for future cash flows and profit margins.
- Technical Support: The stock remains above its 150-day moving average, and relative strength indicators show continued improvement against both the broader market and sector peers, suggesting that the company is strengthening its leadership position in the market.
- Risk Management Strategy: Given the current P/E ratio of 33, significantly above the 5-year average of 23, investors should consider utilizing the call spread strategy to manage risk and avoid potential valuation contractions due to market sentiment fluctuations.
See More
U.S. Stocks Rise Slightly Amid Strong Corporate Earnings
- Market Performance: The S&P 500 rose by 0.17% and the Nasdaq 100 reached an all-time high, reflecting strong corporate earnings and optimism around AI, although rising oil prices and bond yields limited gains.
- Middle East Impact: The failure of the U.S. and Iran to reach a peace agreement has led to rising global bond yields, with the 10-year Treasury yield increasing to 4.39%, potentially forcing central banks to tighten monetary policy, which could affect market liquidity.
- Chinese Trade Data: China's April exports rose 14.1% year-on-year and imports increased by 25.3%, both exceeding market expectations, providing a positive signal for global economic growth and potentially boosting international investment sentiment.
- Corporate Earnings Situation: So far, 83% of the 446 S&P 500 companies have exceeded earnings expectations, with Q1 earnings projected to grow by 12% year-on-year, demonstrating corporate resilience in the economic recovery, although growth in the tech sector has slowed to 3%.
See More
Applied Materials and TSMC Partner to Advance Semiconductor Technologies
- Accelerated Innovation: Applied Materials and TSMC are collaborating at the EPIC Center in Silicon Valley to expedite the development and commercialization of next-generation semiconductor technologies, strengthening their partnership in materials engineering and equipment innovation to drive advancements in the AI era.
- Massive Investment: The new EPIC Center represents a $5 billion investment by Applied Materials, marking the largest U.S. investment in semiconductor equipment R&D, which is expected to significantly reduce the time from early-stage research to full-scale manufacturing, enhancing industry competitiveness.
- Technology Integration and Innovation: The partnership will focus on developing advanced materials and manufacturing equipment to meet the growing demands of AI and high-performance computing, improving power, performance, and area across leading-edge logic nodes, thus advancing semiconductor technology.
- Enhanced Multi-Node Visibility: Co-innovation programs at the EPIC Center will provide Applied Materials with greater multi-node visibility to guide R&D investments, increasing R&D productivity and value sharing, ensuring rapid technology transfer into high-volume manufacturing.
See More
