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 supplier of equipment and materials used in semiconductor manufacturing....

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and capitalize on the increasing demand for semiconductor technology.

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 supplier of equipment and materials used in semiconductor manufacturing. As technology advances, the demand for chips in various sectors like AI, cloud computing, and consumer electronics continues to grow, making AMAT a key player in the information technology sector.

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, AMAT 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

Continued focus on innovation in semiconductor manufacturing technology.
Commitment to improving operational efficiency.
Plans to expand into new markets and applications.

Expectations

Wall Street Expectations

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

Bull Case

If AMAT continues its trend of beating EPS estimates and provides positive commentary on revenue growth, it could signal strong demand in the semiconductor sector, leading to a positive market reaction.

Bear Case

Conversely, if AMAT fails to meet EPS expectations or provides weak guidance on revenue, it could raise doubts about its growth prospects, resulting in a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for this quarter?

Given AMAT's history of beating EPS estimates, this number will be crucial in determining market sentiment and expectations for future growth.

How is AMAT addressing supply chain challenges?

With ongoing global supply chain issues, AMAT's strategy to mitigate these challenges will be vital for maintaining production and meeting demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AMAT's ability to navigate supply chain challenges, which could lead to better-than-expected EPS results this quarter.

Supporting Evidence

AMAT has consistently beaten EPS estimates in the past, indicating strong operational management.

The options market is pricing in a significant move, suggesting that investors are anticipating volatility based on AMAT's historical performance.

Key Risk

If AMAT's EPS comes in above $2.90, it could significantly shift market sentiment and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on AMAT's ability to sustain its earnings momentum amidst a competitive landscape.

Bull Confirmed If

An EPS of $2.90 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $2.70 would raise concerns about the company's growth trajectory.

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 volatility around the earnings announcement.

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 AMAT beats expectations and raises guidance, history suggests a positive market reaction, with an average 1-day move of +0.30%.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may experience muted movement as investors digest the information.

Miss

Should AMAT miss EPS expectations, history suggests a potential downside move, with an average 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 supply chain management and its impact on production.
2Details on revenue growth in key segments like AI and cloud computing.
3Insights into customer demand and order trends for semiconductor equipment.
4Management's outlook on market conditions and competitive landscape.
5Any commentary on future investments in technology and innovation.

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More Earnings This Week

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Company Snapshot

Applied Materials, Inc. (AMAT) is a leading supplier of equipment and materials used in semiconductor manufacturing....

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and capitalize on the increasing demand for semiconductor technology.

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, AMAT 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

Continued focus on innovation in semiconductor manufacturing technology.
Commitment to improving operational efficiency.
Plans to expand into new markets and applications.

Expectations

Wall Street Expectations

Bull Case

Bear Case

Conversely, if AMAT fails to meet EPS expectations or provides weak guidance on revenue, it could raise doubts about its growth prospects, resulting in a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for this quarter?

Given AMAT's history of beating EPS estimates, this number will be crucial in determining market sentiment and expectations for future growth.

How is AMAT addressing supply chain challenges?

With ongoing global supply chain issues, AMAT's strategy to mitigate these challenges will be vital for maintaining production and meeting demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AMAT's ability to navigate supply chain challenges, which could lead to better-than-expected EPS results this quarter.

Supporting Evidence

AMAT has consistently beaten EPS estimates in the past, indicating strong operational management.

The options market is pricing in a significant move, suggesting that investors are anticipating volatility based on AMAT's historical performance.

Key Risk

If AMAT's EPS comes in above $2.90, it could significantly shift market sentiment and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on AMAT's ability to sustain its earnings momentum amidst a competitive landscape.

Bull Confirmed If

An EPS of $2.90 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $2.70 would raise concerns about the company's growth trajectory.

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 volatility around the earnings announcement.

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 AMAT beats expectations and raises guidance, history suggests a positive market reaction, with an average 1-day move of +0.30%.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may experience muted movement as investors digest the information.

Miss

Should AMAT miss EPS expectations, history suggests a potential downside move, with an average 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 supply chain management and its impact on production.
2Details on revenue growth in key segments like AI and cloud computing.
3Insights into customer demand and order trends for semiconductor equipment.
4Management's outlook on market conditions and competitive landscape.
5Any commentary on future investments in technology and innovation.