Equity Profile

AMAT

Applied Materials, Inc.

Information TechnologySemiconductor Materials & Equipment$360.5B

Aug13Thu

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth will provide insight into demand for Applied Materials' products and services in a competitive market.

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 manufacturing chips used in everything from smartphones to AI systems. As a key player in the Information Technology sector, its performance can reflect broader trends in technology demand and innovation.

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, surpassing expectations by 6.56%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, especially given the company's consistent track record of beating EPS estimates. However, the lack of revenue guidance raises questions about future growth.

Bull Case

If Applied Materials continues its trend of beating EPS estimates and shows strong revenue growth, it could signal robust demand in the semiconductor market, driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant sell-off, especially given the high implied volatility in the options market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the revenue growth rate compared to last year?

This figure will be crucial in assessing whether demand for semiconductor equipment is increasing, which could impact future earnings.

What guidance does management provide for the next quarter?

Forward guidance will help investors understand the company's outlook and could significantly influence stock performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for Applied Materials to capitalize on the growing demand for semiconductor manufacturing equipment, particularly in AI and cloud technologies.

Supporting Evidence

The company has a perfect track record of beating EPS estimates, which may indicate stronger underlying performance than expected.

Options pricing suggests a larger move than historical averages, indicating heightened investor sentiment or uncertainty.

Recent trends in technology spending may favor companies like Applied Materials that provide essential manufacturing tools.

Key Risk

If revenue growth exceeds expectations, it could challenge the current cautious outlook and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The semiconductor industry is facing both opportunities and challenges, and how Applied Materials navigates this landscape will be critical for its stock performance.

Bull Confirmed If

Revenue growth of at least 10% year-over-year would confirm strong demand in the semiconductor sector.

Bear Confirmed If

Any revenue decline or lack of guidance could signal weakening demand and lead to a negative market reaction.

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 investors expect either a strong reaction to the earnings report or are hedging against potential volatility.

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 the stock could rise by around 0.30% on the next trading day.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see a muted reaction as investors digest the commentary.

Miss

If the company misses expectations, history suggests a potential decline of around 0.30% or more, depending on the severity of the miss.

Preparation

Congressional Activity

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

Trades

1 buy·1 sell

Members

Senate only

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

R-ARJohn BoozmanSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or innovations in semiconductor technology.
2Insights into customer demand trends, especially in AI and cloud sectors.
3Comments on supply chain stability and its impact on production.
4Management's view on competitive pressures in the semiconductor equipment market.
5Any strategic partnerships or collaborations that could enhance growth prospects.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth will provide insight into demand for Applied Materials' products and services in a competitive market.

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, surpassing expectations by 6.56%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Applied Materials continues its trend of beating EPS estimates and shows strong revenue growth, it could signal robust demand in the semiconductor market, driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant sell-off, especially given the high implied volatility in the options market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the revenue growth rate compared to last year?

This figure will be crucial in assessing whether demand for semiconductor equipment is increasing, which could impact future earnings.

What guidance does management provide for the next quarter?

Forward guidance will help investors understand the company's outlook and could significantly influence stock performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for Applied Materials to capitalize on the growing demand for semiconductor manufacturing equipment, particularly in AI and cloud technologies.

Supporting Evidence

The company has a perfect track record of beating EPS estimates, which may indicate stronger underlying performance than expected.

Options pricing suggests a larger move than historical averages, indicating heightened investor sentiment or uncertainty.

Recent trends in technology spending may favor companies like Applied Materials that provide essential manufacturing tools.

Key Risk

If revenue growth exceeds expectations, it could challenge the current cautious outlook and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The semiconductor industry is facing both opportunities and challenges, and how Applied Materials navigates this landscape will be critical for its stock performance.

Bull Confirmed If

Revenue growth of at least 10% year-over-year would confirm strong demand in the semiconductor sector.

Bear Confirmed If

Any revenue decline or lack of guidance could signal weakening demand and lead to a negative market reaction.

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 investors expect either a strong reaction to the earnings report or are hedging against potential volatility.

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 the stock could rise by around 0.30% on the next trading day.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see a muted reaction as investors digest the commentary.

Miss

If the company misses expectations, history suggests a potential decline of around 0.30% or more, depending on the severity of the miss.

Preparation

Congressional Activity

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

Trades

1 buy·1 sell

Members

Senate only

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

R-ARJohn BoozmanSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or innovations in semiconductor technology.
2Insights into customer demand trends, especially in AI and cloud sectors.
3Comments on supply chain stability and its impact on production.
4Management's view on competitive pressures in the semiconductor equipment market.
5Any strategic partnerships or collaborations that could enhance growth prospects.