Applied Materials (NASDAQ: AMAT) is scheduled to release its fiscal second-quarter 2026 results after the bell on Thursday, May 14, with Wall Street expecting revenue of $7.69 billion and adjusted earnings per share of $2.68, according to Yahoo Finance consensus estimates.
The figures would represent roughly 12% year-over-year earnings growth, and sit comfortably within the company’s own guidance range of $7.15–$8.15 billion in revenue and $2.44–$2.84 in normalized EPS — issued in February following a strong first-quarter beat.
Sentiment heading into the print is broadly constructive. RBC Capital published a note on Monday forecasting a slight beat and a strong forward outlook, while Morgan Stanley raised its price target to $454 from $432, reiterating an Overweight rating.
WELCOME BONUS - Free Share Bundle When You Invest £50!
Open a UK Investment Account: Shares, ISAs, Managed Portfolio
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
IG
View Offers
Empfohlener Broker
Multi Asset Platform
Across 38 analysts tracked, the stock carries a Strong Buy consensus with an average price target near $453.
Shares closed at $431.09 on Tuesday, having rebounded sharply from a pullback in late March.
The recovery has been substantial, and the stock now sits close to analyst consensus price targets — leaving forward guidance as the primary driver of any further re-rating.
Investor focus on Thursday will center less on the Q2 headline numbers and more on what comes next. CFO Brice Hill said in February the company expects semiconductor equipment industry growth of more than 20% in calendar 2026, a forecast supported by peer Lam Research’s recent upward revision of wafer fabrication equipment spending to approximately $140 billion.
Any reaffirmation — or upgrade — of that outlook could be the key catalyst for the stock to push toward and beyond analyst targets.
The China export restrictions remain the primary downside risk to watch.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
- IG Top-tier regulation – Read our Review
- eToro Wide range of instruments available to trade – Read our Review
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
