Applied Materials, Inc. (AMAT) earnings on August 13, 2026

After the market closes Q2 2026

More Applied Materials, Inc. earnings

Prior outlook: Pessimistic Outcome: Accurate

The stock briefly rose after earnings, then fell sharply to close down 5.1%. The market reacted negatively to the results.

AMAT price around the earnings

507.18

Change: -5.1%

2026-08-14, 20:00 UTC

Start of the measured window End of the measured window
499.87 518.19 536.50 554.82 534.54
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
August 13, 2026 August 14, 2026
  • 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
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Accurate

Thesis published
Results released

Analysts optimistic, but recent price weakness and crowded optimism

Analysts are very positive on this company, with strong buy ratings and a price target about 18.5% above the current price, and it has beaten earnings expectations every quarter for the past year. However, the stock has been losing ground recently, and the crowd is extremely optimistic, which historically can be a warning sign.

Context analyzed before publication

Summary
Analysts optimistic, but recent price weakness and crowded optimism
Playbook
The stock has fallen relative to the market over the past month, and expert sentiment has turned more cautious in the last few days. Meanwhile, the general public is very optimistic, which often happens before a pullback.
Trend
Expert outlook dropped sharply in three days

Analysts

Drivers

  • Analysts Positive

    Analysts are very positive, with a strong buy rating and a price target about 18.5% above the current price. Expected earnings per share are high, showing strong growth expectations.

Evidence

Analyst consensus
Strong buy
Consensus average (1-5)
1.46
Analysts covering the stock
35
Average price target
633.34
Lowest price target
358
Highest price target
900
Upside to price target
18.5%
Quarterly earnings growth
31.3%
Revenue growth
11.4%
Forward EPS
17.34
Trailing EPS
10.63
Analyst moves in the last 60 days
10
  • Strong buy: 4
  • Buy: 28
  • Hold: 7
  • Sell: 0
  • Strong sell: 0
Strong buy
4
Buy
28
Hold
7
Sell
0
Strong sell
0
  • July 15, 2026 · UBS: Maintains rating (Buy → Buy)
  • July 10, 2026 · Stifel: Maintains rating (Buy → Buy)
  • July 10, 2026 · Needham: Maintains rating (Buy → Buy)
  • July 9, 2026 · TD Cowen: Maintains rating (Buy → Buy)
  • July 9, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
  • July 6, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
  • June 30, 2026 · Susquehanna: Maintains rating (Positive → Positive)
  • June 29, 2026 · Cantor Fitzgerald: Maintains rating (Overweight → Overweight)
  • June 29, 2026 · Keybanc: Maintains rating (Overweight → Overweight)
  • June 26, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)

News and sentiment

Drivers

  • News & sentiment Negative

    There are headlines suggesting institutional selling, and the general public is extremely optimistic, which historically can be a warning sign of a potential pullback.

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (5)

Technicals

Drivers

  • Technical Negative

    The stock has underperformed the market over the past month, and the trend has weakened sharply in the last three days. It is approaching a support level.

Evidence

Price when the context was analyzed
548.46
Average true range (ATR)
5.7%
Distance to 52-week high
-26.1%
14-day change (14d)
+25.5%
30-day change (30d)
-4.6%
30-day relative strength
-6.2%
QQQ change (30d)
+1.6%
Nearest support
544.7
Distance to nearest support
0.7%
Nearest resistance
550.44
Distance to nearest resistance
0.4%
Volume accumulation ratio (14d / 46d)
0.83
  • Mid: 544.7 (0.7% away, 0.12 ATR, 17 touches)
  • Mid: 536.59 (2.2% away, 0.38 ATR, 15 touches)
  • Minor: 530.79 (3.2% away, 0.57 ATR, 3 touches)
  • Mid: 550.44 (0.4% away, 0.06 ATR, 5 touches)
  • Mid: 554.07 (1% away, 0.18 ATR, 20 touches)
  • Minor: 557.56 (1.7% away, 0.29 ATR, 5 touches)

Trends

Evidence

Average earnings surprise
+5.8%
  • May 14, 2026: actual EPS 2.86 vs estimate 2.69 (surprise +6.5%)
  • 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%)

Expected move

Drivers

  • Past earnings Positive

    The company has beaten earnings expectations every quarter for the past year, with an average surprise of 5.8%. This strong recent record is a positive sign.

Implied move
+9.3%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.5%
75th percentile move
5.7%
90th percentile move
8.2%
Up / down moves
6 / 14
Average up move
+3.3%
Average down move
-4.6%

Monitoring and close

What Applied Materials, Inc. reported

Status
Finished
Actual EPS3.5
EPS estimate3.4
EPS surprise+2.9%
Revenue$9,115 million
Revenue estimate$8,991 million
Revenue surprise+1.4%

Applied Materials beat quarterly estimates and issued strong guidance. CEO cites long-term customer commitments and robust packaging and diagnostics growth for 2026.

Sources (3)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating -5.7% pre-market, a move above the stock's usual reaction (about 4%). The figures confirm the pessimistic scenario. In the 737 similar cases in our market history, the close held that direction 86% of the time.

How the stock reacted

Outcome
Accurate
Consolidated
-5.1%
Max favorable move (MFE)
7%
Max adverse move (MAE)
1%