Applied Materials, Inc. (AMAT) earnings on May 14, 2026
More Applied Materials, Inc. earnings
Prior outlook: Pessimistic Outcome: Partial
Applied Materials rose modestly during market review but fell after releasing its earnings report, closing down nearly 1%. Some analysts raised their price targets and a major investor increased its stake, but the overall market response was negative.
AMAT price around the earnings
432.79
Change: -1.8%
2026-05-16, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
- Thesis published
Analysts cautious — risk outweighs reward.
Analysts still recommend buying this stock, but its current price has reached their target, leaving little room for further gains. Despite a history of beating earnings expectations, recent revenue has slightly declined, and the stock appears overextended.
Context analyzed before publication
- Summary
- Analysts cautious — risk outweighs reward.
- Reasoning
- Analysts maintain a buy recommendation on this stock, but its current price has reached their target, leaving little room for further gains. Despite a history of beating earnings expectations, recent revenue has slightly declined, and the stock appears overextended.
- Playbook
- The current price matches analyst targets and the stock appears overextended.
- Trend
- The scenario is pessimistic; analyst sentiment is deteriorating.
Analysts
Drivers
-
Analysts
Negative
While analysts rate the stock a strong buy, their price targets suggest minimal to no further price increase from its current level.
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.5
- Analysts covering the stock
- 34
- Average price target
- 444.24
- Lowest price target
- 280
- Highest price target
- 550
- Upside to price target
- -0.1%
- Quarterly earnings growth
- 71%
- Revenue growth
- -2.1%
- Forward EPS
- 14.46
- Trailing EPS
- 9.74
- Analyst moves in the last 60 days
- 8
- Strong buy: 5
- Buy: 26
- Hold: 7
- Sell: 0
- Strong sell: 0
- Strong buy
- 5
- Buy
- 26
- Hold
- 7
- Sell
- 0
- Strong sell
- 0
- May 12, 2026 · Citigroup: Maintains rating (Buy → Buy)
- May 11, 2026 · Cantor Fitzgerald: Maintains rating (Overweight → Overweight)
- May 8, 2026 · HSBC: Initiates coverage (Buy)
- May 5, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
- May 5, 2026 · Seaport Global: Initiates coverage (Buy)
- May 4, 2026 · UBS: Maintains rating (Buy → Buy)
- April 13, 2026 · B. Riley Securities: Maintains rating (Buy → Buy)
- April 9, 2026 · Susquehanna: Maintains rating (Positive → Positive)
News and sentiment
Drivers
-
News & sentiment
Negative
Despite positive news related to AI, the company's recent revenue growth has been slightly negative.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- Analysts Say Applied Materials Is Built For The AI Chip Supercycle — Benzinga
- Applied Materials Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call — Benzinga
- Dillard's, Cisco Systems And 3 Stocks To Watch Heading Into Thursday — Benzinga
- Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's price is market review high above key resistance levels, indicating it may be overextended. Recent expert evaluations show a negative trend.
Evidence
- Average true range (ATR)
- 0%
- Distance to 52-week high
- -0.9%
- 14-day change (14d)
- +11.1%
- 30-day change (3d)
- +11.1%
- 30-day relative strength
- +11.1%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 287.49
- Nearest resistance
- 337.97
- Volume accumulation ratio (4d / 4d)
- 1
Trends
Evidence
- Average earnings surprise
- +5.0%
- February 12, 2026: actual EPS 2.38 vs estimate 2.21 (surprise +7.9%)
- November 13, 2025: actual EPS 2.17 vs estimate 2.09 (surprise +3.6%)
- August 14, 2025: actual EPS 2.48 vs estimate 2.36 (surprise +5.1%)
- May 15, 2025: actual EPS 2.39 vs estimate 2.31 (surprise +3.5%)
Expected move
Drivers
-
Past earnings
Positive
The company has a strong track record, consistently exceeding earnings expectations over the past year.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 3.8%
- 75th percentile move
- 5.9%
- 90th percentile move
- 8.3%
- Up / down moves
- 6 / 13
- Average up move
- +3.3%
- Average down move
- -4.8%
Monitoring and close
What Applied Materials, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -0.9%
- Max favorable move (MFE)
- 4.4%
- Max adverse move (MAE)
- 7.8%