FY2026 Earnings Forecast for AMAT Issued By Erste Group Bank

Applied Materials, Inc. (NASDAQ:AMAT) – Analysts at Erste Group Bank lifted their FY2026 earnings per share estimates for Applied Materials in a research report issued to clients and investors on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now expects that the manufacturing equipment provider will earn $12.23 per share for the year, up from their prior estimate of $12.20. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Applied Materials’ current full-year earnings is $12.10 per share. Erste Group Bank also issued estimates for Applied Materials’ FY2027 earnings at $16.51 EPS.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.68 billion. During the same period in the prior year, the business posted $2.39 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS.

A number of other analysts have also weighed in on the company. Mizuho increased their target price on Applied Materials from $500.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Zacks Research lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. The Goldman Sachs Group upped their price target on shares of Applied Materials from $390.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, May 15th. JPMorgan Chase & Co. raised their price target on shares of Applied Materials from $400.00 to $515.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Finally, Argus lifted their price objective on shares of Applied Materials from $420.00 to $500.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $541.06.

Applied Materials Price Performance

AMAT opened at $694.64 on Tuesday. The business has a fifty day moving average of $479.64 and a 200 day moving average of $381.14. The stock has a market cap of $551.52 billion, a P/E ratio of 65.22, a PEG ratio of 1.74 and a beta of 1.67. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. Applied Materials has a 52-week low of $154.46 and a 52-week high of $708.99.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 0.3%. Applied Materials’s dividend payout ratio (DPR) is presently 19.91%.

Insider Activity at Applied Materials

In other Applied Materials news, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the sale, the senior vice president directly owned 146,916 shares in the company, valued at approximately $87,184,361.88. This trade represents a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Prabu G. Raja sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $633.53, for a total value of $6,335,300.00. Following the completion of the sale, the insider directly owned 346,642 shares of the company’s stock, valued at approximately $219,608,106.26. This represents a 2.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 199,767 shares of company stock valued at $114,104,709 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Applied Materials

Several hedge funds have recently modified their holdings of AMAT. First Trust Advisors LP increased its holdings in Applied Materials by 4.9% in the 3rd quarter. First Trust Advisors LP now owns 3,101,772 shares of the manufacturing equipment provider’s stock worth $635,057,000 after buying an additional 145,050 shares during the period. Evolve Private Wealth LLC lifted its holdings in shares of Applied Materials by 59.0% in the 1st quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock valued at $983,000 after buying an additional 1,067 shares during the period. Elo Mutual Pension Insurance Co boosted its stake in shares of Applied Materials by 21.8% in the third quarter. Elo Mutual Pension Insurance Co now owns 96,712 shares of the manufacturing equipment provider’s stock worth $19,801,000 after buying an additional 17,288 shares during the last quarter. Worth Asset Management LLC purchased a new stake in shares of Applied Materials in the fourth quarter worth about $1,531,000. Finally, World Investment Advisors grew its holdings in Applied Materials by 4.5% during the fourth quarter. World Investment Advisors now owns 82,296 shares of the manufacturing equipment provider’s stock worth $21,149,000 after acquiring an additional 3,508 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

More Applied Materials News

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: KeyBanc, Cantor Fitzgerald, and Bank of America all raised price targets on Applied Materials, signaling strong analyst confidence ahead of earnings and helping fuel the stock’s advance. Why Is Applied Materials Stock Gaining Tuesday?
• Positive Sentiment: The stock is getting an added boost from strength in semiconductor equipment shares and AI infrastructure spending optimism, which investors see as a long-term growth driver for AMAT. Applied Materials (AMAT) Remains Favored as ASML Emerges as Top Catch-Up Trade
• Positive Sentiment: Applied Materials’ addition to the Russell Top 50 Index may increase institutional ownership and trading demand, adding another tailwind for the stock. Applied Materials (AMAT) Joins Russell Top 50 After Leaving Value Indexes
• Neutral Sentiment: Some commentary warns that expectations are now high going into earnings, which could create volatility if results or guidance fall short. This Analyst Sees 20% Upside For AMAT Stock – Says High Expectations Around Applied Materials’ Businesses Create Short-Term Risk

Applied Materials Company Profile

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.