Applied Materials (AMAT) Stock
Leading equipment provider for chip and display manufacturing. Here's the price, business snapshot, and what's worth knowing about Applied Materials in September 2026.
Applied Materials, Inc. (AMAT) is a leading supplier of equipment, software and services used to manufacture semiconductor chips, displays and related materials. With a market capitalisation of about $180.04B, the company designs complex tools that help chipmakers deposit, etch and inspect silicon at ever-smaller scales. Applied’s revenue is closely tied to cyclical capital spending by semiconductor manufacturers: strong demand for advanced nodes and packaging can boost sales, while inventory correction and softer end-market demand can weigh on orders. The group invests heavily in R&D and expands into adjacent areas such as display technologies and materials engineering, which can support medium- to long-term growth. Key risks include technological change, customer concentration and the cyclical nature of chip capital expenditure. This is general educational information, not personalised investment advice — values can rise or fall and past performance is not a reliable guide to the future.
Why It’s Moving
AMAT Shares Defy AI Slowdown Fears as Analysts Cite Valuation Correction and Strong Fundamentals
- A rating upgrade highlights that while valuation has corrected, fundamentals have strengthened, with Q3 revenue up 25% year-over-year and robust Q4 guidance implying 51% year-over-year growth.
- Profitability metrics are improving significantly, with Q3 gross margins expanding by 150 basis points and operating margins expected to rise 640 basis points year-over-year in Q4 due to strong cost control.
- The stock recently outperformed the broader semiconductor group during a tech sell-off triggered by calls for an AI slowdown, gaining 4% as investors concentrated buying on equipment makers rather than chip designers.
AMAT Shares Defy AI Slowdown Fears as Analysts Cite Valuation Correction and Strong Fundamentals
- A rating upgrade highlights that while valuation has corrected, fundamentals have strengthened, with Q3 revenue up 25% year-over-year and robust Q4 guidance implying 51% year-over-year growth.
- Profitability metrics are improving significantly, with Q3 gross margins expanding by 150 basis points and operating margins expected to rise 640 basis points year-over-year in Q4 due to strong cost control.
- The stock recently outperformed the broader semiconductor group during a tech sell-off triggered by calls for an AI slowdown, gaining 4% as investors concentrated buying on equipment makers rather than chip designers.
Sixth Month Growth Performance
When is the next earnings date for APPLIED MATERIALS INC (AMAT)?
Applied Materials (AMAT) is expected to report its next earnings on November 12, 2026, after the U.S. market close. The report will cover the company’s fiscal fourth quarter of 2026. The date is consistent with its historical pattern of releasing fiscal fourth-quarter results in November.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Applied Materials' stock, indicating expected future growth and value increase.
Financial Health
Applied Materials is performing well, showing strong profits and cash flow, with solid revenue generation.
Dividend
Applied Materials' low dividend yield of 0.4% suggests limited returns for dividend-seeking investors. If you invested $1000, you would be paid $4 a year in dividends (based on the last 12 months).
Why You’ll Want to Watch This Stock
Semiconductor cycle impact
Demand for advanced chips can drive strong equipment orders, but sales are cyclical and can decline during downturns.
Global supply role
Applied sits at the heart of global chip supply chains, so geopolitical and supply-chain risks can affect performance.
Technology investment
Heavy R&D and expansion into displays and materials engineering support future growth, though outcomes depend on execution and market adoption.
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