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Applied Materials Inc. (AMAT) earnings date & stock reaction

Applied Materials Inc. · IT

Applied Materials Inc. earnings date & time

Next earningsThu, November 12 around 4:00 PM ET, after the closescheduled

Schedule

Korea time (KST)
Fri, November 13
Reporting pattern
12 of last 12 after close
Typical move
±5.4% · 12-report avg

What the market expects

Consensus EPS

$4.06Coming in above this counts as a beat

Year-ago quarter
$2.17→+87.1%
Guided revenue
$9.1B→$10.3B+12.5%
Guided EPS
$3.50→$4.02+14.9%
Full earnings calendarFrom an earnings calendar
Latest reportMay–Jul 2026 results· August 13, 2026 reported
EPS consensus $3.39 → $3.50 ▲ +3.1% beatRev $7.3B → $9.1B +25% YoY
Post-earnings price move
Next-day move
-5.1%
After 5 days
-7.2%
Price around earnings
Around this report
Overlapped CPI releaseA major data release (CPI, jobs) came out around this report. On those days the whole market moves, so the reaction may be mixed with the data.
Earnings callRecord-breaking results driven by surging AI infrastructure demand and upward guidance revision
“In the past three months, we have again made upward revisions to our revenue growth forecast for the year, and we are confident we will grow faster than the overall market.”
· Gary Dickerson, CEO
“We expect company revenue of $10.25 billion ±$500 million, which is up 51% year-over-year.”
· Brice Hill, CFO
Positives
  • ▲Revenue growth from AI infrastructure
    • Revenue for the quarter was $9.12 billion, up 25% vs last year.
    • Semiconductor Systems revenue reached $7 billion, up 27% vs last year.
  • ▲Continuous improvement in profitability
    • Non-GAAP operating margin improved by 3.3 percentage points vs last year to 34.0%.
    • Non-GAAP EPS increased 41% vs last year to $3.50.
  • ▲Strength in DRAM and packaging
    • DRAM revenue, including HBM packaging, grew 52% vs last year.
    • Total packaging revenue is expected to grow over 70% in calendar 2026.
Concerns
  • ▼Stagnation in Other segment revenue
    • Other revenue was $294 million, with expectations for limited growth to an average of $400 million per quarter through 2027.
  • ▼Impact of global minimum tax
    • The company expects the tax rate to rise to 13% in 2027 due to the effect of the global minimum tax.
Based on the Aug 13, 2026 earnings-call transcript. Quotes are verbatim.

Applied Materials Inc. (AMAT) rose the day after earnings in 3 of its last 12 reports (25%), moving ±5.4% on average. It has fallen despite beating the consensus estimate 9 times.

Up next day
3/12
25%
Fell despite growth
9/12
Good earnings ignored
Price when beating
-2.8%
avg over 12 beats
Price when missing
—
never missed
Avg earnings move
±5.4%
typical swing on earnings
Biggest single move
-14.1%
'25.8 · largest reaction
🔑What actually moves this stock?

Even when EPS beat expectations, the stock fell 9 of the last 12 times. The number alone doesn't move it.

What really matters here
New equipment orders + next-quarter outlook (China, leading-edge mix)
In finance terms: New orders · guidance · China
Growth · revenue (YoY by quarter, latest right)
+7%
25-05(Apr qtr)
+8%
25-08(Jul qtr)
-3%
25-11(Oct qtr)
-2%
26-02(Jan qtr)
+11%
26-05(Apr qtr)
+25%
26-08(Jul qtr)
Accelerating · Growth is accelerating (+7%→+25%), but this stock often falls even on strong results (9 recent times). Expectations are already high, so accelerating isn't enough. It must beat a lofty bar.
Applied Materials trades more on next-quarter guidance and the equipment-spending cycle than on the print. Even a beat sells off if guidance is cautious or China revenue/regulation worries surface. Watch the outlook, leading-edge/HBM demand, and China mix rather than the EPS beat.
What to watch next report

When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.

The real bar for this stock

Beating estimates isn't enough. Here's where the real surprise started.

Beat consensus 12 of 12 times. Beating is the default here
Median beat +5.3%. 9 of those beats still fell the next day.
Reports that rose beat by +7.9% (median). Reports that fell beat by just +5.1%
Roughly +7.9% was the bar this stock had to clear.

How this stock reacts to earnings

Traits seen across its recent earnings reactions

Tends to run up in the week before earnings
Rose beforehand 10 of last 12 · avg +5.4% · expectations build early
Even strong results barely move the stock
Up the next day 3 of 12 beats (25%)
vs IT sector avg (192 peers)
This
-2.8%
Sector
+1.0%
Avg next-day reaction

Earnings number vs guidance: which drives it?

How often the beat/miss matched the actual price move

This stock reacts more to guidance & expectations than the reported number
Moved opposite to results 9 of last 12 times (75%)
9xBeat but fell
Even a beat sells off if guidance disappoints
0xMissed but rose
Even a miss rebounds if guidance reassures
Fell despite growth9/12

9/12 beats fell next day · watches New orders · guidance · China

Next-day reaction
  • Jul 2026 report-5.1%
  • Apr 2026 report-0.9%
  • Jan 2026 report+8.1%
  • Oct 2025 report+1.3%
  • Jul 2025 report-14.1%
  • Apr 2025 report-5.3%

Earnings timeline · bars = next-day move, ▲▼ = beat/miss

May–Jul 2026 results
Reported 2026-08-13
Next-day move
-5.1%
After 5 days -7.2%
EPS consensus $3.39 → $3.50 ▲ +3.1% beatRev $7.3B → $9.1B +25% YoY
Beat by +3.1% but stock -5.1%
Next-Q guidance+13%· ~$10.3B est.
Price around earnings
Around this report
Overlapped CPI releaseA major data release (CPI, jobs) came out around this report. On those days the whole market moves, so the reaction may be mixed with the data.

Earnings trend · last 12 quarters

EPS$3.50YoY +41%
'23.11'26.8
Revenue$9.1BYoY +25%
'23.11'26.8

Earnings history and price reaction

Applied Materials Inc. across its last 12 earnings reports: EPS versus consensus, the move on the earnings day, and the cumulative move five trading days later.
Quarter endedReported (ET)vs market expectation (consensus)Earnings dayAfter 5 days
7/20262026-08-13+3.1%-5.1%-7.2%
4/20262026-05-14+6.5%-0.9%-3.0%
1/20262026-02-12+7.9%+8.1%+14.3%
10/20252025-11-13+3.6%+1.3%-1.3%
7/20252025-08-14+5.1%-14.1%-15.1%
4/20252025-05-15+3.5%-5.3%-8.1%

12 reports, quarters ending 10/2023 to 7/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.

Frequently asked questions

When is the next Applied Materials Inc. earnings date?

The next Applied Materials Inc. (AMAT) earnings report is expected Thu, November 12 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.

What is the consensus EPS forecast for Applied Materials Inc.'s next earnings?

Analysts expect EPS of about $4.06 for Applied Materials Inc. (AMAT). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.

Does Applied Materials Inc. (AMAT) stock usually go up after earnings?

Over the last 12 earnings reports, the stock rose on 3 of them (25%). The average move on earnings day was ±5.4%.

Does Applied Materials Inc. react more to the earnings numbers or to guidance?

In 9 of the last 12 reports (75%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.

Can Applied Materials Inc. stock fall even when earnings are good?

Yes. In 9 of the last 12 reports, Applied Materials Inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.

Does Applied Materials Inc. stock keep moving after the earnings day?

Over the last 12 reports, the move continued in the same direction for the following five trading days 50% of the time. This tendency is known as post-earnings announcement drift.