Applied Materials (AMAT) Projected to Post Earnings on Thursday

Key Points

• Applied Materials will report Q2 2026 results after the close on Thursday, May 14 (4:30 PM ET); analysts expect $2.66 EPS and about $7.683B in revenue, while company guidance is $2.44–$2.84 EPS.
• In the prior quarter AMAT beat estimates with $2.38 EPS on $7.01B of revenue, and it recently raised its quarterly dividend to $0.53 (ex‑div May 21, yield ~0.5%).
• Positive catalysts include the acquisition of NEXX to boost AI packaging capabilities and several analyst upgrades (Seaport $500 PT, Morgan Stanley $454), but valuation is a concern as the stock trades at a premium P/S (~9.4x) which could limit upside or increase volatility.

Applied Materials (NASDAQ:AMAT - Get Free Report) is expected to be releasing its Q2 2026 results after the market closes on Thursday, May 14th. Analysts expect Applied Materials to post earnings of $2.66 per share and revenue of $7.6833 billion for the quarter. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. Interested persons are encouraged to explore the company's upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, May 14, 2026 at 4:30 PM ET.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.21 by $0.17. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.88 billion. Applied Materials had a return on equity of 37.52% and a net margin of 27.78%.The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.38 earnings per share. On average, analysts expect Applied Materials to post $11 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $428.62 on Thursday. The firm has a market cap of $340.16 billion, a P/E ratio of 43.87, a P/E/G ratio of 1.83 and a beta of 1.66. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.30. Applied Materials has a 12 month low of $151.51 and a 12 month high of $432.81. The stock's fifty day moving average price is $370.45 and its 200-day moving average price is $309.88.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 21st. This is an increase from Applied Materials's previous quarterly dividend of $0.46. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. Applied Materials's dividend payout ratio is 18.83%.

Key Stories Impacting Applied Materials

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: Seaport Research initiated coverage with a Buy rating and $500 price target, calling Applied the best‑positioned wafer equipment supplier — a strong catalyst for investor demand. Seaport Research Calls Applied Materials (AMAT) Best Positioned Among Wafer Equipment Suppliers
• Positive Sentiment: Applied agreed to acquire the NEXX business from ASMPT, adding panel‑level advanced packaging capabilities aimed at AI chipmaking — a strategic product expansion that supports higher organic growth and margin mix. Applied Materials Expands AI Packaging With NEXX Deal As Stock Surges
• Positive Sentiment: Morgan Stanley raised its price target to $454 and kept an Overweight rating — analyst upgrades and higher targets add conviction and can drive short‑term buying. Benzinga
• Neutral Sentiment: Management is participating in investor conferences (fireside chats), which increases visibility and allows management to reiterate guidance and long‑term AI exposure. Applied Materials to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Sector momentum: reports on semiconductor ETFs (SOXX/SMH/FTXL) highlight heavy capital flows into AI infrastructure, which benefits equipment suppliers like AMAT indirectly. Semiconductor Leaders SOXX, SMH, and FTXL Are Crushing It on AI Infrastructure Demand
• Neutral Sentiment: Technicals turned more constructive after AMAT overtook its 20‑day moving average — a short‑term bullish signal that can attract momentum traders. Applied Materials (AMAT) Just Overtook the 20-Day Moving Average
• Negative Sentiment: Valuation flag: analysis notes AMAT trades at a premium P/S (~9.4x), which could limit upside or increase volatility if sector sentiment cools. Should You Buy, Sell or Hold AMAT Stock at a P/S Valuation of 9.39X?

Insider Transactions at Applied Materials

In other news, Director Judy Bruner sold 2,500 shares of the business's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $391.71, for a total transaction of $979,275.00. Following the sale, the director owned 26,089 shares in the company, valued at approximately $10,219,322.19. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Adam Sanders sold 534 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $379.16, for a total value of $202,471.44. Following the sale, the chief accounting officer owned 4,625 shares in the company, valued at $1,753,615. The trade was a 10.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 12,003 shares of company stock worth $4,484,189. Insiders own 0.30% of the company's stock.

Institutional Investors Weigh In On Applied Materials

A number of large investors have recently modified their holdings of the business. Warther Private Wealth LLC grew its stake in shares of Applied Materials by 1.5% during the fourth quarter. Warther Private Wealth LLC now owns 1,908 shares of the manufacturing equipment provider's stock worth $490,000 after acquiring an additional 28 shares during the last quarter. Hoxton Planning & Management LLC grew its stake in shares of Applied Materials by 1.4% during the fourth quarter. Hoxton Planning & Management LLC now owns 2,208 shares of the manufacturing equipment provider's stock worth $567,000 after acquiring an additional 31 shares during the last quarter. GW&K Investment Management LLC grew its stake in shares of Applied Materials by 3.9% during the fourth quarter. GW&K Investment Management LLC now owns 897 shares of the manufacturing equipment provider's stock worth $231,000 after acquiring an additional 34 shares during the last quarter. Kirtland Hills Capital Management LLC grew its stake in shares of Applied Materials by 0.7% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 4,720 shares of the manufacturing equipment provider's stock worth $1,213,000 after acquiring an additional 35 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its stake in shares of Applied Materials by 0.7% during the fourth quarter. Sumitomo Life Insurance Co. now owns 5,761 shares of the manufacturing equipment provider's stock worth $1,481,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMAT shares. Bank of America raised their price objective on Applied Materials from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, January 13th. Royal Bank Of Canada set a $430.00 price objective on Applied Materials in a research report on Friday, February 13th. TD Cowen raised their price objective on Applied Materials from $315.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 13th. Mizuho raised their price objective on Applied Materials from $370.00 to $410.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Applied Materials in a research report on Friday, March 27th. Twenty-seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $370.86.

About Applied Materials

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials' offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.

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