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Applied Materials (AMAT) Suffers a Larger Drop Than the General Market: Key Insights
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Applied Materials (AMAT - Free Report) closed the most recent trading day at $509.57, moving -2.13% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.47%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, lost 1.25%.
Prior to today's trading, shares of the maker of chipmaking equipment had gained 11.05% outpaced the Computer and Technology sector's gain of 6.08% and the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of Applied Materials in its upcoming release. The company is slated to reveal its earnings on November 12, 2026. On that day, Applied Materials is projected to report earnings of $4.06 per share, which would represent year-over-year growth of 87.1%. Our most recent consensus estimate is calling for quarterly revenue of $10.3 billion, up 51.4% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $12.79 per share and a revenue of $34.25 billion, demonstrating changes of +35.77% and +20.72%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Applied Materials. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.16% higher. Currently, Applied Materials is carrying a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Applied Materials is currently exchanging hands at a Forward P/E ratio of 40.71. This indicates a premium in contrast to its industry's Forward P/E of 38.83.
One should further note that AMAT currently holds a PEG ratio of 1.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Semiconductors industry had an average PEG ratio of 1.31 as trading concluded yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 44% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Applied Materials (AMAT) Suffers a Larger Drop Than the General Market: Key Insights
Applied Materials (AMAT - Free Report) closed the most recent trading day at $509.57, moving -2.13% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.47%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, lost 1.25%.
Prior to today's trading, shares of the maker of chipmaking equipment had gained 11.05% outpaced the Computer and Technology sector's gain of 6.08% and the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of Applied Materials in its upcoming release. The company is slated to reveal its earnings on November 12, 2026. On that day, Applied Materials is projected to report earnings of $4.06 per share, which would represent year-over-year growth of 87.1%. Our most recent consensus estimate is calling for quarterly revenue of $10.3 billion, up 51.4% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $12.79 per share and a revenue of $34.25 billion, demonstrating changes of +35.77% and +20.72%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Applied Materials. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.16% higher. Currently, Applied Materials is carrying a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Applied Materials is currently exchanging hands at a Forward P/E ratio of 40.71. This indicates a premium in contrast to its industry's Forward P/E of 38.83.
One should further note that AMAT currently holds a PEG ratio of 1.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Semiconductors industry had an average PEG ratio of 1.31 as trading concluded yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 44% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.