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AMAMAT

Applied Materials, Inc.

$AMAT·$428B·Semiconductors·Technology
$458.39-0.7%YTD+104.7%1Y+190.9%
Mentions · last 7 days
2026-08-22: 22 posts2026-08-23: 18 posts460-19%
Price updated 10h ago·X counts updated 8d ago
AMAMAT
$AMATApplied Materials, Inc.
$458.39-0.71%460 posts-19%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $AMAT, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersCooling offAI verdict · as of 2026-09-01

Catching its breath after a run — could pick back up or fade from here.

Applied is the semi-cap-equipment leader that quintupled off the 2025 lows — the run has paused about 33% off the highs.

Applied Materials designs and services the machines fab-house customers use to make semiconductors — a pure-play on wafer-fab equipment (WFE) capex spend that has ridden the AI and leading-edge foundry buildouts hard. Up 190% in 12 months and 105% YTD, now digesting.

  • Revenue growth just re-accelerated: Q2 FY26 grew 11% YoY at operating margin 32%, and the trailing four EPS prints all beat consensus by 3-7% — the AI-fab tailwind is showing in the mechanics, and FY27 EPS estimates at $16.9 (from $12.3) reflect the customer-capex ramp.
  • Valuation caught up fast: PE 42x, price/sales 12.3x, EV/EBITDA 33x — the multiple prices continued 30%+ FY27 EPS growth, so any pause in customer capex carries multiple-compression risk.
  • Position sits at the 52nd percentile of the 52-week range on volume 84% of normal — the stock has already coughed back 33% from all-time highs, which is the market pre-empting any FY27 EPS-estimate softening.
  • Insider prints are mixed: officer Hill sold $3.6M in late August (real distribution), Palkhiwala just joined the board with zero holdings — mild negatives, not the coordinated cluster you'd see at a top.

The path forward is decided by whether the Nov 12 Q4 print delivers an FY27 outlook consistent with the $16.9 EPS base — specifically DRAM and leading-edge foundry capex commitments through 2027. A guide raise reflecting Morgan Stanley's WFE-to-$281B-by-2028 forecast restarts the run; a soft guide plus customer-capex delays confirms the cooling.

Agrees with X sentimentAligned with the bull side of the split: Morgan Stanley and Goldman raising WFE forecasts toward $281B by 2028 and naming AMAT a top pick is the same setup showing up in FY27 EPS estimates at $16.9. The 'dead money on tight supply-chain slack' pushback is a real medium-term risk, and the 33% drawdown from ATH is roughly what a healthy digestion looks like.

What to watch: The Nov 12 Q4 print — FY27 outlook consistency with the $16.9 EPS base, DRAM and leading-edge foundry capex commitments through 2027, and any color on China export policy shifts. A soft guide plus customer-capex delays confirms the cooling; a raise reflecting the WFE-to-$281B forecast restarts the run.

On the calendar: 2026-11-12 — Q4 FY26 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment20 posts analyzed · as of 2026-08-31

Sentiment leans bullish, anchored by Rep. Moskowitz's July 13 congressional purchase (framed by posters as timely amid an AI-bubble debate) and by Morgan Stanley and Goldman raising WFE forecasts toward $281B by 2028, naming AMAT a top pick. A skeptic camp calls the WFE names "dead money" citing tight supply-chain slack, and one trader shorted at $540. The stock's 33% drawdown from ATH frames the debate.

Read the AI verdict + X sentiment for $AMAT

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Makes CVD, PVD, etch, and CMP wafer processing equipment used by every major semiconductor fab to manufacture chips.

Industry overviewAI analysisGenerated by AI from underlying data

Where Semiconductors sits in its cycle right now — and what that implies for $AMAT.

Semiconductors · Technology

Hyperscaler AI capex keeps Blackwell allocation tight and HBM3e pricing firm; NVDA's data-center backlog and AVGO's networking wins confirm the cycle is not peaking. LLM context-window expansion — the structural demand pull — extends through at least 2H26.

What this means for $AMAT

Partial — semiconductor exposure exists but product mix may not fully align with the AI capex driver; Applied Materials, Inc.

Top industry ETF

$SMHVanEck Semiconductor ETF
+56.0%YTD
+94.3%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
42.0How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
21.6%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
29.5%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
1.7%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
12.3Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
39.8%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
49.0%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.3Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 13, 2026$3.50$3.40+2.9%
Q1 2026May 14, 2026$2.86$2.68+6.7%
Q4 2025Feb 12, 2026$2.38$2.21+7.7%
Q3 2025Dec 12, 2025$2.17$2.11+2.8%
Next earningsThu, Nov 12·consensus EPS $4.05

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q2 FY26$7.9B+11.4%49.9%31.9%$3.53$832.0M
Q1 FY26$7.0B-2.1%49.0%29.9%$2.55$1.0B
Q4 FY25$6.8B-3.5%48.0%25.2%$2.39$2.0B
Q3 FY25$7.3B+7.7%48.8%30.6%$2.22$2.0B

Forward consensus

4-year forecast · up to 26 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$33.4B$33.0B – $33.8B$12.28$11.64 – $12.6026
FY27$43.1B$37.1B – $47.2B$16.93$13.02 – $19.6525
FY28$51.7B$43.8B – $60.9B$21.75$14.55 – $27.0220
FY29$54.2B$48.6B – $59.7B$22.68$19.66 – $25.6910

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.8×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.52%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-16.2%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+15.0%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 790.9M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.8% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.625-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 25Brice HillCFO7.5K sh$3.6MSellJun 30Gary E DickersonCEO20.0K sh$14.7MSellJun 29Gary E DickersonCEO58.3K sh$40.8MSellJun 18Prabu G. RajaPresident10.0K sh$6.3MSellJun 16Thomas J IannottiDirector9.3K sh$5.5MSellJun 16Gary E DickersonCEO71.7K sh$42.6MSellJun 16Omkaram NalamasuCTO24.3K sh$14.4MSellJun 15Omkaram NalamasuCTO10.7K sh$6.4MSellJun 15Timothy M DeaneSVP, Applied Global Services8.6K sh$5.1MSellJun 15Gary E DickersonCEO11.3K sh$6.7M
1–10 of 14
+ 16 other (10 awards · 4 gifts · 2 inkinds) in window

See when $AMAT insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

3New insider — initial holdingsAug 313
AI summary

Akash J. Palkhiwala, a newly-appointed director of Applied Materials, Inc. (AMAT), filed an initial Form 3 on August 31, 2026, reporting zero securities beneficially owned as of August 27, 2026. No direct or derivative securities are held. Routine Section 16(a) compliance filing by a newly-designated reporting person; no market significance.

8-KOfficer or director changeAug 278-K — Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD
AI summary

Applied Materials elected Akash Palkhiwala to its Board and Audit Committee effective August 27, 2026. Palkhiwala will receive the standard non-employee director package: $100,000 annual retainer (prorated), a $25,000 Audit Committee retainer (prorated), and RSUs worth $250,000 at grant date. Standard independent director appointment with customary compensation.

8-KShareholder voteMar 138-K — Item 5.07: Shareholder vote
+ 7 other (2 10-Qs · 2 earnings 8-Ks · 2 13Gs · 1 SD) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Applied Materials, Inc. $AMAT Stock Holdings Trimmed by Benjamin Edwards Inc.defenseworld.net·1d agoApplied Materials, Inc. $AMAT Shares Sold by Freestone Grove Partners LPdefenseworld.net·1d agoFirst Look: Nvidia, Marvell Earnings, Meta Settlement, and Fed in Focusgurufocus.com·4d ago5,539 Shares in Applied Materials, Inc. $AMAT Bought by Ausdal Financial Partners Inc.defenseworld.net·4d agoArini Capital Management Ltd Acquires Shares of 10,000 Applied Materials, Inc. $AMATdefenseworld.net·4d ago

In themes

Explore the broader themes this ticker is being talked about under.

AI InfrastructureSemiconductor Onshoring

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Voices on X · top 15 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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