AMATApplied Materials, Inc.
Applied Materials, Inc. (AMAT) sells advanced manufacturing equipment and services for semiconductor fabrication, including tools for wafer processing, deposition, and packaging. The next catalyst is Oct 1, 2026 — U.S. Commerce Department Export Controls Update, which will outline new restrictions on semiconductor equipment exports to China.
- Public fact: Free cash flow (TTM) of $9.53B, with net margin (TTM) of 29.2% and revenue growth YoY of 4.4%.
- Scouter has modeled bull and bear paths into the next catalyst, with a lean of 35% toward the bear.
- Past catalysts are scored in The Read, with the Q3 2026 Earnings event ending in a bear at $426.85.
The schedule
- Thu1Oct
Expected regulatory update on semiconductor tool export restrictions to China from the Commerce Department.
- Thu29Oct
- Tue9Feb
Fiscal Q4 2026 earnings release evaluating WFE demand and margin sustainability.
- Thu29Apr
Fiscal Q1 2027 earnings release outlining capital expenditure budgets for the new calendar year.
- Thu29Jul
Fiscal Q2 2027 earnings release focusing on advanced packaging and HBM tool backlogs.
- Thu29Jul
Fiscal Q3 2027 earnings release assessing the ramp-up of next-generation logic node investments.
Past
- Thu13Aug
Actual outcome: Bear · $426.85 at outcome
Applied Materials reported earnings that exactly met Wall Street estimates with an EPS of $3.53, alongside record margins and strong AI-driven chip demand. Despite positive strategic developments, including a new innovation partnership with Broadcom and optimistic management commentary regarding 30% systems growth, the stock experienced a mild 3.1% decline. This muted price action reflects a neutral market reaction to the in-line results, potentially weighed down by broader market headwinds.
Applied Materials reported earnings that exactly met Wall Street estimates with an EPS of $3.53, alongside record margins and strong AI-driven chip demand. Despite positive strategic developments, including a new innovation partnership with Broadcom and optimistic management commentary regarding 30% systems growth, the stock experienced a mild 3.1% decline. This muted price action reflects a neutral market reaction to the in-line results, potentially weighed down by broader market headwinds.
- Thu14May
Actual outcome: Bear · $406.91 at outcome
Applied Materials reported in-line Q2 EPS of $3.53 and record revenues, driven by strong AI chip demand and historic high gross margins. Despite the robust fundamental performance and positive forward outlook, the stock fell 7.6% by the outcome date as a severe broader market selloff hammered major tech indices and overshadowed the company's strong earnings report.
Applied Materials reported in-line Q2 EPS of $3.53 and record revenues, driven by strong AI chip demand and historic high gross margins. Despite the robust fundamental performance and positive forward outlook, the stock fell 7.6% by the outcome date as a severe broader market selloff hammered major tech indices and overshadowed the company's strong earnings report.
- Thu12Feb
Actual outcome: Bull · $359.13 at outcome
Applied Materials delivered a strong Q1 earnings beat ($2.38 EPS vs. $2.19 estimate) and topped revenue expectations. The stock soared because management issued a significantly bullish Q2 outlook and predicted over 20% growth in semiconductor equipment revenue for the year, driven by surging AI demand. This strong guidance and confirmation of the AI thesis propelled the stock well past the bull target.
Applied Materials delivered a strong Q1 earnings beat ($2.38 EPS vs. $2.19 estimate) and topped revenue expectations. The stock soared because management issued a significantly bullish Q2 outlook and predicted over 20% growth in semiconductor equipment revenue for the year, driven by surging AI demand. This strong guidance and confirmation of the AI thesis propelled the stock well past the bull target.
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