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Applied Materials (AMAT) Dips More Than Broader Market: What You Should Know
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Applied Materials (AMAT - Free Report) ended the recent trading session at $554.50, demonstrating a -6.46% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.16%.
Heading into today, shares of the maker of chipmaking equipment had gained 20.44% over the past month, outpacing the Computer and Technology sector's gain of 0.38% and the S&P 500's gain of 2.14%.
Investors will be eagerly watching for the performance of Applied Materials in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 13, 2026. On that day, Applied Materials is projected to report earnings of $3.35 per share, which would represent year-over-year growth of 35.08%. Simultaneously, our latest consensus estimate expects the revenue to be $8.98 billion, showing a 23% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $12.11 per share and a revenue of $33.29 billion, demonstrating changes of +28.56% and +17.34%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Applied Materials. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.06% rise in the Zacks Consensus EPS estimate. Right now, Applied Materials possesses a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Applied Materials has a Forward P/E ratio of 48.95 right now. For comparison, its industry has an average Forward P/E of 49.38, which means Applied Materials is trading at a discount to the group.
Investors should also note that AMAT has a PEG ratio of 1.65 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. AMAT's industry had an average PEG ratio of 1.87 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMAT in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Applied Materials (AMAT) Dips More Than Broader Market: What You Should Know
Applied Materials (AMAT - Free Report) ended the recent trading session at $554.50, demonstrating a -6.46% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.16%.
Heading into today, shares of the maker of chipmaking equipment had gained 20.44% over the past month, outpacing the Computer and Technology sector's gain of 0.38% and the S&P 500's gain of 2.14%.
Investors will be eagerly watching for the performance of Applied Materials in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 13, 2026. On that day, Applied Materials is projected to report earnings of $3.35 per share, which would represent year-over-year growth of 35.08%. Simultaneously, our latest consensus estimate expects the revenue to be $8.98 billion, showing a 23% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $12.11 per share and a revenue of $33.29 billion, demonstrating changes of +28.56% and +17.34%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Applied Materials. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.06% rise in the Zacks Consensus EPS estimate. Right now, Applied Materials possesses a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Applied Materials has a Forward P/E ratio of 48.95 right now. For comparison, its industry has an average Forward P/E of 49.38, which means Applied Materials is trading at a discount to the group.
Investors should also note that AMAT has a PEG ratio of 1.65 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. AMAT's industry had an average PEG ratio of 1.87 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMAT in the coming trading sessions, be sure to utilize Zacks.com.