Applied Materials (AMAT) Stock: What to Expect From Q3 Earnings on Thursday
TLDR
- Applied Materials reports Q3 fiscal 2026 earnings after market close on August 13
- Analysts expect EPS of $3.39 and revenue of ~$9 billion, up 23% year over year
- AMAT stock has dropped from a year-to-date high of $740 to around $539
- Analyst consensus is โModerate Buyโ with an average price target of $603.23
- CEO Gary Dickerson sold $14.7 million worth of stock in late June
Applied Materials (AMAT) is set to report its Q3 fiscal 2026 results after the market closes on Thursday, August 13. The earnings call is scheduled for 4:30 PM ET.
Wall Street expects EPS of $3.39 and revenue of around $9 billion. That would represent revenue growth of roughly 23% year over year. Applied Materials has guided for EPS in the range of $3.16 to $3.56.
AMAT stock is trading around $539, down from a year-to-date high of $739.67. Thatโs a drop of roughly 27% from peak, putting it in local bear market territory.
The stock has a 12-month low of $154.46 and a market cap of approximately $424 billion. It currently trades at a forward P/E of 43.8, above its five-year average of 21.18.
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