Equity Profile

AMAT

Applied Materials, Inc.

Information TechnologySemiconductor Materials & Equipment$463.5B

Aug13Thu

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

Applied Materials, Inc. (AMAT) is a leading provider of equipment and services for the semiconductor industry, which is crucial for the production of chips used in various technologies....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and performance, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to capture market demand and expand its customer base.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AMAT Q3-2026 Earnings Preview

Context

Company Snapshot

Applied Materials, Inc. (AMAT) is a leading provider of equipment and services for the semiconductor industry, which is crucial for the production of chips used in various technologies. As demand for advanced electronics, AI, and cloud computing continues to grow, Applied Materials plays a vital role in supporting this expanding market.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+5.52%

Avg Stock Reaction

+0.30%

Last Quarter Recap

In Q2 2026, Applied Materials reported an EPS of $2.86, exceeding expectations by 6.56%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Applied Materials are mixed as the company has consistently beaten EPS estimates in the past. However, the lack of revenue guidance raises questions about future growth.

Bull Case

The optimistic view is that continued demand for semiconductor equipment will drive strong revenue growth, leading to further EPS beats and positive market sentiment.

Bear Case

On the downside, if the company fails to provide clear revenue guidance or if demand weakens in the semiconductor market, it could lead to negative investor sentiment and stock price pressure.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for the upcoming quarter?

Revenue growth is critical for assessing the company's ability to capitalize on market demand and will heavily influence investor sentiment.

How will gross margins be affected by current market conditions?

Gross margins provide insight into the company's cost management and pricing power, which are essential for long-term profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Applied Materials to achieve higher revenue growth due to strong demand in AI and cloud computing sectors, which could drive unexpected sales.

Supporting Evidence

The company has a strong track record of beating EPS estimates, indicating operational strength.

Options pricing suggests a significant move, indicating that traders expect volatility that may not align with consensus expectations.

Key Risk

If revenue growth exceeds 10%, it could challenge the current cautious outlook and shift investor sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the company's ability to maintain growth in a competitive semiconductor market.

Bull Confirmed If

Revenue growth of over 10% year-over-year would confirm strong demand and operational efficiency.

Bear Confirmed If

If revenue growth falls below 5%, it would signal potential weaknesses in demand and operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±11.48%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±11.5% while AMAT has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

48.0%

Calls (525K)P/C Ratio: 1.09Puts (672K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Applied Materials beats expectations and raises guidance, history suggests a positive market reaction, with an average one-day move of +0.30%.

In-Line / Cautious

If results are in line with expectations but management expresses caution, the stock may see a muted reaction as investors reassess growth prospects.

Miss

Should the company miss expectations, history suggests a potential downside move, with an average one-day reaction of -3.38% following past misses.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

Senate only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-ARJohn BoozmanSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on demand trends in the semiconductor market.
2Insights into how supply chain issues are being managed.
3Details on new product launches or technological advancements.
4Management's outlook on future revenue growth and market conditions.
5Comments on competitive pressures and pricing strategies.

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Company Snapshot

Applied Materials, Inc. (AMAT) is a leading provider of equipment and services for the semiconductor industry, which is crucial for the production of chips used in various technologies....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and performance, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to capture market demand and expand its customer base.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AMAT Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+5.52%

Avg Stock Reaction

+0.30%

Last Quarter Recap

In Q2 2026, Applied Materials reported an EPS of $2.86, exceeding expectations by 6.56%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Applied Materials are mixed as the company has consistently beaten EPS estimates in the past. However, the lack of revenue guidance raises questions about future growth.

Bull Case

The optimistic view is that continued demand for semiconductor equipment will drive strong revenue growth, leading to further EPS beats and positive market sentiment.

Bear Case

On the downside, if the company fails to provide clear revenue guidance or if demand weakens in the semiconductor market, it could lead to negative investor sentiment and stock price pressure.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for the upcoming quarter?

Revenue growth is critical for assessing the company's ability to capitalize on market demand and will heavily influence investor sentiment.

How will gross margins be affected by current market conditions?

Gross margins provide insight into the company's cost management and pricing power, which are essential for long-term profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Applied Materials to achieve higher revenue growth due to strong demand in AI and cloud computing sectors, which could drive unexpected sales.

Supporting Evidence

The company has a strong track record of beating EPS estimates, indicating operational strength.

Options pricing suggests a significant move, indicating that traders expect volatility that may not align with consensus expectations.

Key Risk

If revenue growth exceeds 10%, it could challenge the current cautious outlook and shift investor sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the company's ability to maintain growth in a competitive semiconductor market.

Bull Confirmed If

Revenue growth of over 10% year-over-year would confirm strong demand and operational efficiency.

Bear Confirmed If

If revenue growth falls below 5%, it would signal potential weaknesses in demand and operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±11.48%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±11.5% while AMAT has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

48.0%

Calls (525K)P/C Ratio: 1.09Puts (672K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Applied Materials beats expectations and raises guidance, history suggests a positive market reaction, with an average one-day move of +0.30%.

In-Line / Cautious

If results are in line with expectations but management expresses caution, the stock may see a muted reaction as investors reassess growth prospects.

Miss

Should the company miss expectations, history suggests a potential downside move, with an average one-day reaction of -3.38% following past misses.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

Senate only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-ARJohn BoozmanSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on demand trends in the semiconductor market.
2Insights into how supply chain issues are being managed.
3Details on new product launches or technological advancements.
4Management's outlook on future revenue growth and market conditions.
5Comments on competitive pressures and pricing strategies.