Analyst Consensus ?
ConsensusBuy54 ratings
Bullish4277.8%
Neutral1222.2%
Bearish00.0%
Applied Materials, Inc. · AMAT · FY2025 Q1 · Calendar Q1 2025
Applied Materials: AI demand offsets China export-control pressure
The supplied analysis supports a constructive operating thesis centered on AI-driven semiconductor demand, advanced packaging and services, but the evidence is tempered by China export controls, cyclical end markets and margin-risk questions.
Reported After market closeNASDAQTechnology
$421.01B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $2.28
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $7.16B
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-8.2%
Event window
SPY move
-0.0%
Same window
Abnormal move
-8.2%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
-8.1%
Up to 20 sessions
AMATSPY benchmark
Ask FN2 about AMAT FY2025 Q1
Transcript, numbers and history already loaded
What drove AMAT's -8.2% move after FY2025 Q1 earnings?What changed in AMAT's guidance and outlook in FY2025 Q1?Give me the bull and bear case for AMAT after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The latest analysis adds a roughly $400 million FY2025 China-related revenue headwind from export controls, with half expected in Q2, while maintaining Q2 guidance. It also highlights hybrid bonding, advanced packaging and CHIPS Act-supported R&D as areas of focus.
Guidance delta
Management maintained Q2 FY2025 guidance of $7.1 billion ±$0.4 billion in revenue and $2.30 ±$0.18 in EPS.
Key takeaways
- Management highlighted AI-driven semiconductor demand, advanced packaging, HBM and gate-all-around adoption as growth drivers.
- Export controls were described as a roughly $400 million FY2025 China-related revenue headwind, with half of the impact in Q2.
- The company emphasized co-innovation, CHIPS Act-funded R&D, hybrid bonding and the EPIC Center as strategic priorities.
- The analysis characterizes management tone as confident while flagging China exposure, ICAPS demand and margin durability as risks.
Management priorities
- Expand advanced packaging, hybrid bonding, HBM and gate-all-around solutions
- Open the EPIC Center in 2026 as a global collaboration platform
- Grow the AIX data platform and subscription-based service revenue
- Continue co-innovation partnerships and pursue additional CHIPS Act projects
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Analyst 52W Price Targets
$520.65Current
$85Low
$419.87Average
$900High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 7, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 28, 2026 |
| UBS | Buy | Buy | Maintain | Sep 1, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Aug 25, 2026 |
| Argus Research | Buy | Buy | Maintain | Aug 18, 2026 |
| TD Cowen | Buy | Buy | Maintain | Aug 14, 2026 |
| Stifel | Buy | Buy | Maintain | Aug 14, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 14, 2026 |
| Needham | Buy | Buy | Maintain | Aug 14, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Aug 14, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 14, 2026 |
| Deutsche Bank | Buy | Buy | Maintain | Aug 14, 2026 |
| Craig-Hallum | Buy | Buy | Maintain | Aug 14, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Aug 14, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Aug 14, 2026 |
| B. Riley Securities | Buy | Buy | Maintain | Aug 14, 2026 |
| B of A Securities | Buy | Buy | Maintain | Aug 14, 2026 |
| Erste Group | Hold | Buy | Downgrade | Aug 5, 2026 |
| HSBC | Buy | Buy | Maintain | Jul 27, 2026 |
| Susquehanna | Positive | Positive | Maintain | Jun 30, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jun 26, 2026 |
| Jefferies | Buy | Buy | Maintain | Jun 26, 2026 |
| Citigroup | Buy | Buy | Maintain | Jun 17, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 11, 2026 |
| Wolfe Research | Outperform | Outperform | Maintain | May 15, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | May 15, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | May 15, 2026 |
| Daiwa Capital | Neutral | Outperform | Downgrade | Aug 20, 2025 |
| Redburn Atlantic | Neutral | Buy | Downgrade | Jul 7, 2025 |
| Raymond James | Outperform | Outperform | Maintain | May 16, 2025 |
| Berenberg | Buy | Buy | Maintain | Aug 21, 2023 |
| New Street Research | Neutral | Buy | Downgrade | Jun 16, 2023 |
| Exane BNP Paribas | Neutral | Outperform | Downgrade | Apr 6, 2023 |
| Loop Capital | Buy | Buy | Maintain | Dec 7, 2022 |
| Summit Insights Group | Buy | Hold | Upgrade | Nov 18, 2022 |
| Cowen & Co. | Outperform | Outperform | Maintain | Nov 18, 2022 |
| William Blair | Perform | Market Perform | Maintain | Oct 17, 2022 |
| DA Davidson | Buy | Buy | Maintain | Aug 19, 2022 |
| Piper Sandler | Neutral | Neutral | Maintain | May 20, 2022 |
| Credit Suisse | Outperform | Outperform | Maintain | Nov 19, 2021 |
| B. Riley FBR | Buy | Buy | Maintain | Apr 5, 2021 |
| CFRA | Hold | Hold | Maintain | May 15, 2020 |
| Stifel Nicolaus | Buy | Buy | Maintain | Feb 13, 2020 |
| Nomura | Buy | Buy | Maintain | Feb 13, 2020 |
| Bank of America | Neutral | Buy | Downgrade | Aug 28, 2018 |
| B. Riley | Buy | Buy | Maintain | Sep 28, 2017 |
| Pacific Crest | Overweight | Overweight | Maintain | Mar 10, 2016 |
| CLSA | Buy | Outperform | Maintain | Jan 19, 2016 |
| Summit Research Partners | Hold | Buy | Downgrade | Aug 11, 2015 |
| S&P Capital IQ | Strong Buy | Hold | Upgrade | Jun 9, 2014 |
| ISI Group | Buy | Strong Buy | Downgrade | Apr 10, 2014 |
| LBBW Research | Buy | Hold | Upgrade | Nov 29, 2013 |
| Northland Securities | Outperform | Outperform | Maintain | Aug 28, 2013 |
| PiperJaffray | Overweight | Overweight | Maintain | May 17, 2013 |
| Bank oferica | Neutral | Neutral | Maintain | May 18, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $520.65. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $563 | $479.74 | +8.1% | Sep 28, 2026 |
| UBS | Timothy Arcuri | $695 | $458.39 | +33.5% | Sep 1, 2026 |
| Mizuho Securities | Analyst unavailable | $590 | $484.19 | +13.3% | Aug 25, 2026 |
| Argus Research | Analyst unavailable | $600 | $507.69 | +15.2% | Aug 18, 2026 |
| UBS | Analyst unavailable | $850 | $505.2 | +63.3% | Aug 14, 2026 |
| Seaport Global | Jay Goldberg | $575 | $505.8 | +10.4% | Aug 14, 2026 |
| Craig-Hallum | Analyst unavailable | $585 | $511.2 | +12.4% | Aug 14, 2026 |
| RBC Capital | Analyst unavailable | $600 | $511.4 | +15.2% | Aug 14, 2026 |
| Deutsche Bank | Melissa Weathers | $605 | $510.63 | +16.2% | Aug 14, 2026 |
| Morgan Stanley | Analyst unavailable | $642 | $511.9 | +23.3% | Aug 14, 2026 |
| Bernstein | Analyst unavailable | $700 | $534.54 | +34.4% | Aug 14, 2026 |
| UBS | Analyst unavailable | $675 | $534.54 | +29.6% | Aug 14, 2026 |
| Goldman Sachs | Analyst unavailable | $645 | $507.67 | +23.9% | Aug 3, 2026 |
| HSBC | Analyst unavailable | $683 | $536.25 | +31.2% | Jul 27, 2026 |
| UBS | Timothy Arcuri | $705 | $589.65 | +35.4% | Jul 15, 2026 |
| Stifel Nicolaus | Analyst unavailable | $650 | $588.66 | +24.8% | Jul 10, 2026 |
| Mizuho Securities | Analyst unavailable | $650 | $570.5 | +24.8% | Jul 8, 2026 |
| Morgan Stanley | Analyst unavailable | $647 | $613.08 | +24.3% | Jul 6, 2026 |
| Susquehanna | Mehdi Hosseini | $900 | $694.64 | +72.9% | Jun 30, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $850 | $626.84 | +63.3% | Jun 29, 2026 |
| H.C. Wainwright | Analyst unavailable | $850 | $626.84 | +63.3% | Jun 29, 2026 |
| KeyBanc | Analyst unavailable | $750 | $626.84 | +44.1% | Jun 29, 2026 |
| Wells Fargo | Analyst unavailable | $740 | $668 | +42.1% | Jun 26, 2026 |
| Jefferies | Analyst unavailable | $770 | $668 | +47.9% | Jun 26, 2026 |
| Wells Fargo | Analyst unavailable | $715 | $617.11 | +37.3% | Jun 22, 2026 |
| Barclays | Tom O'Malley | $590 | $497.01 | +13.3% | Jun 11, 2026 |
| UBS | Timothy Arcuri | $570 | $524.88 | +9.5% | Jun 10, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $650 | $499.21 | +24.8% | Jun 10, 2026 |
| Raymond James | Analyst unavailable | $650 | $499.21 | +24.8% | Jun 10, 2026 |
| Truist Financial | Analyst unavailable | $575 | $455.51 | +10.4% | May 28, 2026 |
| Mizuho Securities | Vijay Rakesh | $540 | $454.89 | +3.7% | May 27, 2026 |
| Argus Research | Jim Kelleher | $500 | $401.1 | -4.0% | May 19, 2026 |
| Needham | Analyst unavailable | $530 | $433.41 | +1.8% | May 15, 2026 |
| Wolfe Research | Analyst unavailable | $550 | $433 | +5.6% | May 15, 2026 |
| Deutsche Bank | Analyst unavailable | $550 | $431.82 | +5.6% | May 15, 2026 |
| RBC Capital | Analyst unavailable | $520 | $430.96 | -0.1% | May 15, 2026 |
| UBS | Analyst unavailable | $515 | $431.74 | -1.1% | May 15, 2026 |
| Stifel Nicolaus | Analyst unavailable | $530 | $429.59 | +1.8% | May 15, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $575 | $440.56 | +10.4% | May 15, 2026 |
| KeyBanc | Analyst unavailable | $550 | $440.56 | +5.6% | May 15, 2026 |
| Mizuho Securities | Analyst unavailable | $500 | $440.56 | -4.0% | May 15, 2026 |
| Goldman Sachs | James Schneider | $520 | $440.56 | -0.1% | May 15, 2026 |
| Bernstein | Stacy Rasgon | $525 | $440.56 | +0.8% | May 15, 2026 |
| Wells Fargo | Analyst unavailable | $520 | $440.56 | -0.1% | May 15, 2026 |
| Morgan Stanley | Analyst unavailable | $502 | $440.56 | -3.6% | May 15, 2026 |
| Barclays | Tom O'Malley | $500 | $440.56 | -4.0% | May 15, 2026 |
| Jefferies | Analyst unavailable | $510 | $440.56 | -2.0% | May 15, 2026 |
| RBC Capital | Srini Pajjuri | $500 | $420.95 | -4.0% | May 12, 2026 |
| HSBC | Analyst unavailable | $517 | $410.64 | -0.7% | May 8, 2026 |
| Seaport Global | Analyst unavailable | $500 | $391.38 | -4.0% | May 4, 2026 |
| UBS | Analyst unavailable | $480 | $391.31 | -7.8% | May 4, 2026 |
| Susquehanna | Analyst unavailable | $500 | $397.81 | -4.0% | Apr 9, 2026 |
| Morgan Stanley | Shane Brett | $420 | $356.92 | -19.3% | Feb 13, 2026 |
| RBC Capital | Analyst unavailable | $430 | $357.23 | -17.4% | Feb 13, 2026 |
| Goldman Sachs | James Schneider | $390 | $357.28 | -25.1% | Feb 13, 2026 |
| UBS | Analyst unavailable | $430 | $360.71 | -17.4% | Feb 13, 2026 |
| Bernstein | Analyst unavailable | $425 | $358.92 | -18.4% | Feb 13, 2026 |
| Needham | Analyst unavailable | $440 | $362.63 | -15.5% | Feb 13, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $470 | $361.84 | -9.7% | Feb 13, 2026 |
| Deutsche Bank | Analyst unavailable | $450 | $362 | -13.6% | Feb 13, 2026 |
| Craig-Hallum | Christian Schwab | $450 | $328.39 | -13.6% | Feb 13, 2026 |
| Wells Fargo | Analyst unavailable | $435 | $328.39 | -16.5% | Feb 13, 2026 |
| Mizuho Securities | Analyst unavailable | $410 | $328.39 | -21.3% | Feb 13, 2026 |
| Stifel Nicolaus | Brian Chin | $450 | $328.39 | -13.6% | Feb 13, 2026 |
| KeyBanc | Steve Barger | $450 | $328.39 | -13.6% | Feb 13, 2026 |
| Barclays | Tom O'Malley | $450 | $328.39 | -13.6% | Feb 13, 2026 |
| KGI Securities | Leon Chen | $425 | $328.39 | -18.4% | Feb 13, 2026 |
| UBS | Timothy Arcuri | $405 | $327.39 | -22.2% | Feb 2, 2026 |
| Morgan Stanley | Analyst unavailable | $364 | $322.32 | -30.1% | Feb 2, 2026 |
| Mizuho Securities | Vijay Rakesh | $370 | $332.71 | -28.9% | Jan 27, 2026 |
| Deutsche Bank | Melissa Weathers | $390 | $318.78 | -25.1% | Jan 23, 2026 |
| Needham | Charles Shi | $390 | $327.01 | -25.1% | Jan 20, 2026 |
| KeyBanc | Analyst unavailable | $380 | $319.08 | -27.0% | Jan 16, 2026 |
| Wells Fargo | Analyst unavailable | $350 | $326.3 | -32.8% | Jan 15, 2026 |
| Barclays | Tom O'Malley | $360 | $301.89 | -30.9% | Jan 15, 2026 |
| RBC Capital | Analyst unavailable | $385 | $301.89 | -26.1% | Jan 14, 2026 |
| Stifel Nicolaus | Brian Chin | $340 | $304.87 | -34.7% | Jan 14, 2026 |
| Bernstein | Analyst unavailable | $325 | $307.44 | -37.6% | Jan 12, 2026 |
| Susquehanna | Analyst unavailable | $400 | $301.18 | -23.2% | Jan 11, 2026 |
| Goldman Sachs | James Schneider | $310 | $281.64 | -40.5% | Jan 9, 2026 |
| Mizuho Securities | Vijay Rakesh | $275 | $281.64 | -47.2% | Jan 9, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $350 | $258 | -32.8% | Dec 16, 2025 |
| Jefferies | Analyst unavailable | $360 | $259.11 | -30.9% | Dec 15, 2025 |
| Wells Fargo | Analyst unavailable | $290 | $259.11 | -44.3% | Dec 15, 2025 |
| Morgan Stanley | Analyst unavailable | $273 | $260.94 | -47.6% | Dec 2, 2025 |
| KeyBanc | Analyst unavailable | $285 | $254.75 | -45.3% | Dec 2, 2025 |
| UBS | Timothy Arcuri | $285 | $230.91 | -45.3% | Nov 25, 2025 |
| UBS | Timothy Arcuri | $250 | $223.22 | -52.0% | Nov 14, 2025 |
| Morgan Stanley | Analyst unavailable | $252 | $220.35 | -51.6% | Nov 14, 2025 |
| Bernstein | Stacy Rasgon | $250 | $219.28 | -52.0% | Nov 14, 2025 |
| Mizuho Securities | Vijay Rakesh | $205 | $223.23 | -60.6% | Nov 14, 2025 |
| Goldman Sachs | James Schneider | $250 | $223.23 | -52.0% | Nov 14, 2025 |
| Evercore ISI | Mark Lipacis | $290 | $223.23 | -44.3% | Nov 14, 2025 |
| Stifel Nicolaus | Brian Chin | $250 | $235.08 | -52.0% | Nov 11, 2025 |
| Morgan Stanley | Analyst unavailable | $256 | $236.6 | -50.8% | Oct 31, 2025 |
| Barclays | Tom O'Malley | $250 | $224.99 | -52.0% | Oct 20, 2025 |
| Mizuho Securities | Vijay Rakesh | $215 | $227.58 | -58.7% | Oct 16, 2025 |
| Stifel Nicolaus | Analyst unavailable | $215 | $209.95 | -58.7% | Oct 13, 2025 |
| KeyBanc | Steve Barger | $240 | $220.3 | -53.9% | Oct 10, 2025 |
| Wells Fargo | Analyst unavailable | $250 | $211.56 | -52.0% | Oct 8, 2025 |
| Morgan Stanley | Shane Brett | $209 | $190.1 | -59.9% | Sep 22, 2025 |
| Stifel Nicolaus | Brian Chin | $180 | $166.35 | -65.4% | Aug 15, 2025 |
| Stifel Nicolaus | Brian Chin | $195 | $190.39 | -62.5% | Aug 13, 2025 |
| Barclays | Tom O'Malley | $170 | $185.69 | -67.3% | Jul 28, 2025 |
| Cantor Fitzgerald | Analyst unavailable | $220 | $180.18 | -57.7% | Jun 24, 2025 |
| Mizuho Securities | Vijay Rakesh | $195 | $165.57 | -62.5% | May 16, 2025 |
| Morgan Stanley | Joseph Moore | $162 | $165.57 | -68.9% | May 16, 2025 |
| Wells Fargo | Joe Quatrochi | $200 | $165.57 | -61.6% | May 16, 2025 |
| Susquehanna | Mehdi Hosseini | $165 | $198.71 | -68.3% | Jan 22, 2025 |
| Wolfe Research | Chris Caso | $230 | $173.02 | -55.8% | Nov 15, 2024 |
| Needham | Quinn Bolton | $225 | $172.54 | -56.8% | Nov 15, 2024 |
| Goldman Sachs | Toshiya Hari | $230 | $186 | -55.8% | Nov 15, 2024 |
| Evercore ISI | Mark Lipacis | $250 | $186 | -52.0% | Nov 15, 2024 |
| Deutsche Bank | Melissa Weathers | $200 | $186 | -61.6% | Nov 15, 2024 |
| Raymond James | Srini Pajjuri | $245 | $213.89 | -52.9% | Oct 15, 2024 |
| Mizuho Securities | Vijay Rakesh | $225 | $196.71 | -56.8% | Sep 20, 2024 |
| Citigroup | Atif Malik | $217 | $188.47 | -58.3% | Sep 16, 2024 |
| Morgan Stanley | Joseph Moore | $224 | $203.75 | -57.0% | Aug 16, 2024 |
| Wells Fargo | Joseph Quatrochi | $280 | $209.72 | -46.2% | Aug 15, 2024 |
| Citigroup | Atif Malik | $240 | $181.81 | -53.9% | Aug 5, 2024 |
| Barclays | Tom O'Malley | $225 | $212.22 | -56.8% | Jun 5, 2024 |
| Goldman Sachs | Toshiya Hari | $240 | $213.56 | -53.9% | May 17, 2024 |
| B.Riley Financial | Craig Ellis | $255 | $214.03 | -51.0% | May 17, 2024 |
| Stifel Nicolaus | Brian Chin | $240 | $214.03 | -53.9% | May 17, 2024 |
| Mizuho Securities | Vijay Rakesh | $245 | $214.03 | -52.9% | May 17, 2024 |
| Berenberg Bank | Tammy Qiu | $250 | $214.03 | -52.0% | May 17, 2024 |
| UBS | Timothy Arcuri | $235 | $214.03 | -54.9% | May 17, 2024 |
| Wells Fargo | Joe Quatrochi | $255 | $214.03 | -51.0% | May 17, 2024 |
| Evercore ISI | Mark Lipacis | $260 | $214.03 | -50.1% | May 17, 2024 |
| Susquehanna | Mehdi Hosseini | $185 | $217.49 | -64.5% | May 16, 2024 |
| Jefferies | Blayne Curtis | $210 | $209.73 | -59.7% | May 13, 2024 |
| Deutsche Bank | Melissa Weathers | $225 | $209.25 | -56.8% | Apr 11, 2024 |
| Needham | Charles Shi | $180 | $141.14 | -65.4% | Oct 13, 2023 |
| Susquehanna | Mehdi Hosseini | $128 | $148.77 | -75.4% | Aug 21, 2023 |
| Mizuho Securities | Vijay Rakesh | $158 | $139.66 | -69.7% | Aug 18, 2023 |
| Wells Fargo | Joseph Quatrochi | $150 | $125.62 | -71.2% | May 19, 2023 |
| Needham | Quinn Bolton | $135 | $125.7 | -74.1% | May 18, 2023 |
| Bernstein | Stacy Ragson | $140 | $114.5 | -73.1% | Feb 17, 2023 |
| Loop Capital Markets | Scott Graham | $125 | $119.46 | -76.0% | Feb 16, 2023 |
| Cowen & Co. | Cowen Cowen | $135 | $104.7 | -74.1% | Nov 21, 2022 |
| Evercore ISI | Analyst unavailable | $120 | $105.28 | -77.0% | Nov 18, 2022 |
| Citigroup | Analyst unavailable | $135 | $104.22 | -74.1% | Nov 17, 2022 |
| Mizuho Securities | Vijay Rakesh | $90 | $75.32 | -82.7% | Oct 18, 2022 |
| Morgan Stanley | Joseph Moore | $99 | $79.42 | -81.0% | Oct 13, 2022 |
| J.P. Morgan | Harlan Sur | $115 | $79.42 | -77.9% | Oct 13, 2022 |
| Mizuho Securities | Vijay Rakesh | $150 | $76.01 | -71.2% | Oct 12, 2022 |
| Barclays | Analyst unavailable | $85 | $84.15 | -83.7% | Sep 28, 2022 |
| Mizuho Securities | Vijay Rakesh | $150 | $90.29 | -71.2% | Sep 6, 2022 |
| Morgan Stanley | Analyst unavailable | $109 | $89.63 | -79.1% | Sep 6, 2022 |
| Citigroup | Analyst unavailable | $150 | $102.9 | -71.2% | Aug 22, 2022 |
| Morgan Stanley | Joseph Moore | $115 | $104.2 | -77.9% | Aug 19, 2022 |
| Craig-Hallum | Analyst unavailable | $126 | $104.63 | -75.8% | Aug 19, 2022 |
| D.A. Davidson | Analyst unavailable | $155 | $104.57 | -70.2% | Aug 19, 2022 |
| Deutsche Bank | Analyst unavailable | $115 | $105.13 | -77.9% | Aug 19, 2022 |
| Goldman Sachs | Analyst unavailable | $109 | $106.38 | -79.1% | Aug 19, 2022 |
| Stifel Nicolaus | Patrick Ho | $184 | $108.27 | -64.7% | Aug 19, 2022 |
| Needham | Analyst unavailable | $125 | $108.27 | -76.0% | Aug 19, 2022 |
| Wells Fargo | Joseph Quatrochi | $125 | $108.27 | -76.0% | Aug 19, 2022 |
| Susquehanna | Mehdi Hosseini | $115 | $108.27 | -77.9% | Aug 19, 2022 |
| Goldman Sachs | Toshiya Hari | $95 | $101.26 | -81.8% | Jul 27, 2022 |
| Barclays | Analyst unavailable | $95 | $101.67 | -81.8% | Jul 25, 2022 |
| Deutsche Bank | Analyst unavailable | $110 | $95.35 | -78.9% | Jul 18, 2022 |
| UBS | Timothy Arcuri | $100 | $91.19 | -80.8% | Jul 11, 2022 |
| Daiwa | Louis Miscioscia | $120 | $106.62 | -77.0% | May 25, 2022 |
| Goldman Sachs | Analyst unavailable | $133 | $106.46 | -74.5% | May 23, 2022 |
| Citigroup | Analyst unavailable | $160 | $106.46 | -69.3% | May 23, 2022 |
| D.A. Davidson | Thomas Diffely | $170 | $106.46 | -67.3% | May 22, 2022 |
| Morgan Stanley | Joseph Moore | $133 | $106.46 | -74.5% | May 21, 2022 |
| Craig-Hallum | Analyst unavailable | $145 | $103.09 | -72.2% | May 20, 2022 |
| Deutsche Bank | Analyst unavailable | $135 | $110.74 | -74.1% | May 20, 2022 |
| Mizuho Securities | Analyst unavailable | $160 | $110.74 | -69.3% | May 20, 2022 |
| Needham | Analyst unavailable | $130 | $110.74 | -75.0% | May 20, 2022 |
| B.Riley Financial | Craig Ellis | $145 | $110.48 | -72.2% | May 16, 2022 |
| Barclays | Blayne Curtis | $150 | $114.63 | -71.2% | Apr 29, 2022 |
| Deutsche Bank | Sidney Ho | $145 | $114.84 | -72.2% | Apr 18, 2022 |
| Stifel Nicolaus | Patrick Ho | $197 | $116.24 | -62.2% | Apr 11, 2022 |
| Stifel Nicolaus | Patrick Ho | $190 | $123.64 | -63.5% | Mar 11, 2022 |
| UBS | Timothy Arcuri | $160 | $133.35 | -69.3% | Feb 20, 2022 |
| J.P. Morgan | Harlan Sur | $174 | $136.22 | -66.6% | Feb 17, 2022 |
| B.Riley Financial | Craig Ellis | $175 | $131.62 | -66.4% | Feb 14, 2022 |
| Wells Fargo | Joseph Quatrochi | $180 | $132.25 | -65.4% | Feb 11, 2022 |
| Jefferies | Mark Lipacis | $197 | $166.7 | -62.2% | Jan 14, 2022 |
| Barclays | Blayne Curtis | $165 | $159.26 | -68.3% | Jan 12, 2022 |
| Morgan Stanley | Joseph Moore | $160 | $153.38 | -69.3% | Dec 15, 2021 |
| Deutsche Bank | Sidney Ho | $180 | $153.38 | -65.4% | Dec 15, 2021 |
| Cowen & Co. | Krish Sankar | $190 | $152.46 | -63.5% | Dec 10, 2021 |
| Evercore ISI | C J Muse | $185 | $149.52 | -64.5% | Nov 19, 2021 |
| D.A. Davidson | Thomas Diffely | $175 | $149.52 | -66.4% | Nov 19, 2021 |
| New Street | Pierre Ferragu | $140 | $132.44 | -73.1% | Sep 28, 2021 |
Track every rating change on AMAT the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationApplied Materials, Inc. engages in provision of materials engineering solutions used to produce semiconductors. The firm also focuses on design, development, production, and servicing of the critical wafer fabrication tools used for customers to manufacture semiconductors. It operates through the following segments: Semiconductor Systems and Applied Global Services (AGS). The Semiconductor Systems segment includes designing, development, manufacturing and sale of equipment used to fabricate semiconductor chips referred to as integrated circuits. The AGS segment engages in provision of services, spares, and factory automation software to customer fabrication plants globally. The company was founded on November 10, 1967 and is headquartered in Santa Clara, CA.
Historical context
All AMAT earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-30T00:03:07.291072+00:00
- Polygon adjusted daily market bars · 2026-10-07T19:50:41.806414+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-07T19:50:41.803627+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-07. For educational purposes only; not investment advice.