Applied Materials, Inc. (AMAT) research: valuation against peers, fundamentals over time, risk and news coverage
AMAT
Applied Materials, Inc.No data in this window.
The themes this instrument belongs to, and the rest of what sits inside them — the peer set a screener gives you is statistical, this one is editorial.
Design, foundry and the equipment that makes both possible — three very different businesses the market often prices as one.
Every report in our own archive tagged with this symbol, newest first — fetched from the archive alongside the market data.
- BREAKING STORYBULLISHTSMC Weighs Texas Expansion as U.S. Chip Push Widens
TSMC is evaluating a potential investment in Texas to expand U.S. chip production, according to Reuters, as the company's revenue growth continues to outpace peers like Applied Materials.
- SPECIAL REPORTNEUTRALApplied Materials Trails Broadcom And Intel In AI Chip Revenue Growth
Applied Materials now generates $9.1 billion in quarterly revenue after three consecutive quarterly gains, but that growth trails Broadcom, whose revenue has more than doubled in two years on AI demand.
- BREAKING STORYNEUTRALQ2 Earnings Season Breaks Its Own Rules as Share-Price Reactions Decouple From Results
Analysts flag a widening disconnect between reported fundamentals and share-price reactions during a historic Q2 earnings season, complicating event-driven positioning. AbbVie's guidance for $12.7 billion in neuroscience sales this year is a case study in fundamentals the market has been slow to price.
- SPECIAL REPORTBULLISHAI Capex Cycle Enters Payoff Phase as Alphabet Lifts Spend to $205 Billion, Cloud Backlog Swells to $514 Billion
Alphabet's raised 2026 capital expenditure guidance to $205 billion arrived alongside a $514 billion Google Cloud backlog, reframing the AI investment debate around revenue conversion rather than balance-sheet strain. Strategists now argue spending is directly feeding earnings, a thesis reinforced by SK Hynix's blowout week, record Applied Materials revenue and Nvidia's growing role as system-wide financier of the AI supply chain.
- SPECIAL REPORTBULLISHAI Capex Panic Meets Bull Case: Street Splits on Meta, Applied Materials as Broadcom Target Implies 60% Upside
A dense batch of sell-side and independent research reframed the AI capital-expenditure debate: Meta's spending shock is being characterized as transitory, Applied Materials is described as firing on all cylinders, and one Wall Street shop sees more than 60% upside in Broadcom after a three-month drawdown. Offsetting that, Vicor's power opportunity is judged already priced in and Nebius' $40bn backlog is met with skepticism.
- SPECIAL REPORTBULLISHSoftware and Adtech Lead Risk-On Rotation as Dropbox, Trade Desk Rally
A cluster of technology moves — new highs in Dropbox, a Trade Desk rally, and Dynatrace's Arize AI deal — points to renewed institutional appetite for cash-generative software and AI infrastructure assets.
Every figure on this page is fetched and computed in your browser from free public sources — end-of-day prices and reported financials from Yahoo Finance's open endpoints, and our own archive for the coverage panel. Fundamental history on the free tier runs about four fiscal years and five quarters. Data is best-effort and unaudited; this is market research, not investment advice.
Guides conservatively — lands inside its own range but in the upper half of it, averaging +4.4% against the midpoint across 26 forecasts.
n = 26 resolved forecasts · Q1 FY2023 to Q3 FY2026 · 4 still outstanding
Next report expected 12 Nov 2026 (Q4 FY2026) — Estimated from the issuer's own filing history: FY2025Q4 results were released on 2025-11-13. source
| Period | Measure | Guided | Issued | Reported | Landed | Deviation | Verdict | Sources |
|---|---|---|---|---|---|---|---|---|
| Q4 FY2026 | EPS (adj.) | $3.82–$4.22 | 2026-08-13 | — | — | — | PENDING | guidance |
| “Non-GAAP diluted EPS $ 4.02 +/- $ 0.20” | ||||||||
| Q4 FY2026 | Revenue | $9.75–$10.75bn | 2026-08-13 | — | — | — | PENDING | guidance |
| “Total revenue $ 10,250 +/- $ 500” | ||||||||
| Q3 FY2026 | EPS (adj.) | $3.16–$3.56 | 2026-05-14 | $3.50 | 0.0% | IN LINE | guidance · result | |
| “Non-GAAP diluted EPS $ 3.36 +/- $ 0.20” | ||||||||
| Q3 FY2026 | Revenue | $8.45–$9.45bn | 2026-05-14 | $9.12bn | 0.0% | IN LINE | guidance · result | |
| “Total revenue $ 8,950 +/- $ 500” | ||||||||
| Q2 FY2026 | EPS (adj.) | $2.44–$2.84 | 2026-02-12 | $2.86 | +0.8% | ABOVE | guidance · result | |
| “Non-GAAP diluted EPS $ 2.64 +/- $ 0.20” | ||||||||
| Q2 FY2026 | Revenue | $7.15–$8.15bn | 2026-02-12 | $7.91bn | 0.0% | IN LINE | guidance · result | |
| “Total revenue $ 7,650 +/- $ 500” | ||||||||
| Q1 FY2026 | EPS (adj.) | $1.98–$2.38 | 2025-11-13 | $2.38 | 0.0% | IN LINE | guidance · result | |
| “Non-GAAP diluted EPS $ 2.18 +/- $ 0.20” | ||||||||
| Q1 FY2026 | Revenue | $6.35–$7.35bn | 2025-11-13 | $7.01bn | 0.0% | IN LINE | guidance · result | |
| “Total net revenue $ 6,850 +/- $ 500” | ||||||||
| Q4 FY2025 | EPS (adj.) | $1.91–$2.31 | 2025-08-14 | $2.17 | 0.0% | IN LINE | guidance · result | |
| “Non-GAAP diluted EPS $ 2.11 +/- $ 0.20” | ||||||||
| Q4 FY2025 | Revenue | $6.20–$7.20bn | 2025-08-14 | $6.80bn | 0.0% | IN LINE | guidance · result | |
| “Total net revenue $ 6,700 +/- $ 500” | ||||||||
| Q3 FY2025 | EPS (adj.) | $2.15–$2.55 | 2025-05-15 | $2.48 | 0.0% | IN LINE | guidance · result | |
| “Non-GAAP diluted EPS $ 2.35 +/- $ 0.20” | ||||||||
| Q3 FY2025 | Revenue | $6.70–$7.70bn | 2025-05-15 | $7.30bn | 0.0% | IN LINE | guidance · result | |
| “Total net revenue $ 7,200 +/- $ 500” | ||||||||
| Q2 FY2025 | EPS (adj.) | $2.12–$2.48 | 2025-02-13 | $2.39 | 0.0% | IN LINE | guidance · result | |
| “Non-GAAP diluted EPS $ 2.30 +/- $ 0.18” | ||||||||
| Q2 FY2025 | Revenue | $6.70–$7.50bn | 2025-02-13 | $7.10bn | 0.0% | IN LINE | guidance · result | |
| “Total net revenue $ 7,100 +/- $ 400” | ||||||||
| Q1 FY2025 | EPS (adj.) | $2.11–$2.47 | 2024-11-14 | $2.38 | 0.0% | IN LINE | guidance · result | |
| “Non-GAAP diluted EPS is expected to be approximately $2.29, plus or minus $0.18.” | ||||||||
| Q1 FY2025 | Revenue | $6.75–$7.55bn | 2024-11-14 | $7.17bn | 0.0% | IN LINE | guidance · result | |
| “In the first quarter of fiscal 2025, Applied expects net revenue to be approximately $7.15 billion, plus or minus $400 million.” | ||||||||
| Q4 FY2024 | EPS (adj.) | $2.00–$2.36 | 2024-08-15 | $2.32 | 0.0% | IN LINE | guidance · result | |
| “Non-GAAP diluted EPS is expected to be in the range of $2.00 to $2.36.” | ||||||||
| Q4 FY2024 | Revenue | $6.53–$7.33bn | 2024-08-15 | $7.04bn | 0.0% | IN LINE | guidance · result | |
| “In the fourth quarter of fiscal 2024, Applied expects net revenue to be approximately $6.93 billion, plus or minus $400 million.” | ||||||||
| Q2 FY2024 | EPS (adj.) | $1.79–$2.15 | 2024-02-15 | — | — | — | PENDING | guidance |
| “Non-GAAP diluted EPS is expected to be in the range of $1.79 to $2.15.” | ||||||||
| Q2 FY2024 | Revenue | $6.10–$6.90bn | 2024-02-15 | — | — | — | PENDING | guidance |
| “In the second quarter of fiscal 2024, Applied expects net revenue to be approximately $6.50 billion, plus or minus $400 million.” | ||||||||
| Q1 FY2024 | EPS (adj.) | $1.72–$2.08 | 2023-11-16 | $2.13 | +2.6% | ABOVE | guidance · result | |
| “Non-GAAP adjusted diluted EPS is expected to be in the range of $1.72 to $2.08.” | ||||||||
| Q1 FY2024 | Revenue | $6.07–$6.87bn | 2023-11-16 | $6.71bn | 0.0% | IN LINE | guidance · result | |
| “In the first quarter of fiscal 2024, Applied expects net sales to be approximately $6.47 billion, plus or minus $400 million.” | ||||||||
| Q4 FY2023 | EPS (adj.) | $1.82–$2.18 | 2023-08-17 | $2.12 | 0.0% | IN LINE | guidance · result | |
| “Non-GAAP adjusted diluted EPS is expected to be in the range of $1.82 to $2.18.” | ||||||||
| Q4 FY2023 | Revenue | $6.11–$6.91bn | 2023-08-17 | $6.72bn | 0.0% | IN LINE | guidance · result | |
| “In the fourth quarter of fiscal 2023, Applied expects net sales to be approximately $6.51 billion, plus or minus $400 million.” | ||||||||
| Q3 FY2023 | EPS (adj.) | $1.56–$1.92 | 2023-05-18 | $1.90 | 0.0% | IN LINE | guidance · result | |
| “Non-GAAP adjusted diluted EPS is expected to be in the range of $1.56 to $1.92.” | ||||||||
| Q3 FY2023 | Revenue | $5.75–$6.55bn | 2023-05-18 | $6.42bn | 0.0% | IN LINE | guidance · result | |
| “In the third quarter of fiscal 2023, Applied expects net sales to be approximately $6.15 billion, plus or minus $400 million.” | ||||||||
| Q2 FY2023 | EPS (adj.) | $1.66–$2.02 | 2023-02-16 | $2.00 | 0.0% | IN LINE | guidance · result | |
| “Non-GAAP adjusted diluted EPS is expected to be in the range of $1.66 to $2.02.” | ||||||||
| Q2 FY2023 | Revenue | $6.00–$6.80bn | 2023-02-16 | $6.63bn | 0.0% | IN LINE | guidance · result | |
| “In the second quarter of fiscal 2023, Applied expects net sales to be approximately $6.40 billion, plus or minus $400 million, which includes ongoing supply chain challenges and a negative estimated impact of $250 million dollars related to a cybersecurity event recently announced by one of our suppliers.” | ||||||||
| Q1 FY2023 | EPS (adj.) | $1.75–$2.11 | 2022-11-17 | $2.03 | 0.0% | IN LINE | guidance · result | |
| “Non-GAAP adjusted diluted EPS is expected to be in the range of $1.75 to $2.11.” | ||||||||
| Q1 FY2023 | Revenue | $6.30–$7.10bn | 2022-11-17 | $6.74bn | 0.0% | IN LINE | guidance · result | |
| “In the first quarter of fiscal 2023, Applied expects net sales to be approximately $6.70 billion, plus or minus $400 million, which includes the expected impact of recently announced U.S. export regulations and ongoing supply chain challenges.” | ||||||||
Every figure above is read from the company’s own filings. “Guidance” links to the 8-K exhibit that issued the forecast; “result” links to the exhibit in which the company reported the outcome. Nothing here is an analyst estimate. How this is measured.