Why Applied Materials stock moves
Applied Materials rose sharply.
Written after the close on ·
Updated 02:00 with news that came after the close
Earnings report
Next report: November 12. On its last 15 report days Applied Materials usually moved about 4.0%. On a normal day it moves 2.1%.
August 14, 2026: −5.12%May 15, 2026: −0.89%February 13, 2026: +8.08%November 14, 2025: +1.25%
Why today
16,415 news analyzed todayApplied Materials rose sharply.
Chip equipment stocks rallied after dip-buyers returned following a steep sell-off.
Trump's public support for AI data-center buildout eased fears from the midterm results.
The stock is still well below its high from late June.
Next, the company reports fiscal fourth-quarter results on Thursday 12 November 2026.
Today's move of +4.22% was 2.0 times a normal day's 2.1%. S&P 500 moved +0.31% on the same day.
Applied Materials +4.22%S&P 500 +0.31%Much stronger than the market
What analysts expect, and how often they have been right
Analysts’ estimates for Applied Materials.
Applied Materials earned more than expected in 8 out of 8 reports.
Not in the chart because no estimate and result are available: 1 of the 9 reports in this period, the latest on August 13, 2026.
For comparison, about 82% of reports from US companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 2 out of 8 reports with a measured move, against about 55% of reports from US companies.
Ratings
Price targets
Latest price $332.71
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expected$
Next reported quarter: expected earnings per share of $4.06 (November 12). For the current fiscal year, expected earnings per share changed from $12.29 three months ago to $12.79 now. 2026 estimate: $12.79. 2027 estimate: $18.56.
Has the share price followed the business?
Price and earnings moved in the same direction: 3 out of 3 years. Across US companies, that happens in about 65% of years. In 2025, the price changed +28% and earnings per share +1%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.$B
Assets, liabilities and market cap
AssetsLiabilitiesMarket cap$B
Price and earnings moved in the same direction: 3 out of 3 years.Market cap (Now): $264.0BRevenue 2025: $28.4B
What the key figures say about Applied Materials
The figures connect what Applied Materials earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: $7.44–$8.66. Peers: Lam Research $6.71, KLA $3.99, ASML 34.98 EUR. 2026 estimate: $12.79 ($12.53–$13.05). 2027 estimate: $18.56 ($16.02–$21.77).
What the company sold during the year.
2022–2025: $25.8B–$28.4B. Peers: Lam Research $26.1B, KLA $14.5B, ASML 39.5 bn EUR. 2026 estimate: $34.2B ($33.2B–$34.6B). 2027 estimate: $46.4B ($41.2B–$51.0B).
The percentage of revenue left after the costs of running the business.
2022–2025: 28.9%–30.2%. Peers: Lam Research 37.0%, KLA 42.6%, ASML 38.6%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 34.3%–53.5%. Peers: Lam Research 70.1%, KLA 91.4%, ASML 65.6%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 11.9–26.9. Peers: Lam Research 29.9, KLA 34.7, ASML 36.7. 2026 estimate: 26.0. 2027 estimate: 17.9.
What investors pay for each unit the company sells.
2022–2025: 2.89–6.52. Peers: Lam Research 9.60, KLA 12.44, ASML 12.53. 2026 estimate: 7.71. 2027 estimate: 5.69.
Money paid to shareholders per share, summed by calendar year.
2017–2025: $0.40–$1.78.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 0.8%–1.2%. Peers: Lam Research 0.7%, KLA 0.7%, ASML 0.6%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: -0.33–0.39. Peers: Lam Research -0.37, KLA 0.19, ASML -0.67.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 6.11–9.05. Peers: Lam Research 18.00, KLA 27.67, ASML 22.29.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 9.9–19.2.
Cash left after investments, divided by the number of shares.
2022–2025: $5.46–$9.15. Peers: Lam Research $5.22, KLA $3.10, ASML 54.48 EUR.
The percentage of assets financed by shareholders’ equity.
2022–2025: 45.6%–56.2%.
The dividend explained
A dividend is money paid to shareholders. Applied Materials paid $1.98 per share in the twelve months through November 6, 2026.
On the ex-dividend day, August 20, 2026, Applied Materials traded without the right to the $0.53 dividend. The price went from $496.17 to $496.21; including the dividend, the day's change was +0.1%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: $0.402018: $0.702019: $0.832020: $0.872021: $0.942022: $1.022023: $1.222024: $1.522025: $1.782026 so far: $1.52
What followed similar falls?
Including reinvested dividends, Applied Materials fell 14.7% over the latest five trading days. Since November 7, 2016, falls at least this large were followed by a higher value 21 trading days later in 5 out of 9 non-overlapping periods. The median was +3.7%, against +3.3% for an ordinary 21-day period, which ended higher 62 times in 100.
Such a fall has not said much about the next month.
+3.7% · 5/9
What to watch next, and why
The earnings report shows how Applied Materials's revenue and profit have changed.
- Earnings report
The earnings report shows how Applied Materials's revenue and profit have changed.
Add to calendar - The dividend explained
From the ex-day, Applied Materials trades without entitlement to the next dividend.
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Applied Materials usually moved about 4.0%. On a normal day it moves 2.1%.
−5.12% −0.89% +8.08% +1.25%
$10,000 in Applied Materials bought on November 7, 2016 is worth $126,000 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,400.
What would $10,000 in Applied Materials be worth today? →
What would $10,000 in Applied Materials be worth today?
$126,000
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,400.
The five biggest days of the journey
· −20.4% · the whole market fell 12.0% the same day
· +16.1% · the whole market rose 9.5% the same day
· +15.0% · the whole market rose 1.7% the same day
· −14.1% · the whole market fell 0.3% the same day · report day
· −14.1% · the whole market fell 9.5% the same day
Earlier days
−14.71% market −2.70% Applied Materials fell sharply over the week, moving more than both the S&P 500 and its Technology sector peers. Read →
Applied Materials fell sharply over the week, moving more than both the S&P 500 and its Technology sector peers.
The drop was big, about three times a normal five-day move, and such large moves were rare over the past year.
Thursday's sell-off was the main driver: chip stocks fell after midterm election results raised fears of limits on AI data-center construction, and Applied Materials dropped sharply that day.
Friday brought a partial rebound, with the stock rising clearly after President Trump voiced support for AI infrastructure.
−13.58% market −4.41% Applied Materials fell, a very big move for the stock. Read →
Applied Materials fell, a very big move for the stock.
The S&P 500 and the technology sector also fell sharply that day, but Applied Materials dropped more than either.
Trading volume was about twice its usual level.
The likely reason is a chip-sector sell-off after incoming Democratic senators called for limits on AI data center construction following the midterm results.
Investors fear that slower data center spending would cut demand for chip equipment.
−3.28% market +1.65% Applied Materials fell, while the S&P 500 gained sharply. Read →
Applied Materials fell, while the S&P 500 gained sharply.
Applied Materials moved against the market that day.
The Capital Group Dividend Value fund and ETFs bought large amounts of the stock that day, but that buying alone does not prove why the price moved.
Over the last five trading days the stock fell sharply, moving more than the market and in line with its sector.
Such a fall is about twice a normal five-day stretch for this stock.
+1.97% market +0.30% Applied Materials rose slightly without a company-news explanation. Read →
Applied Materials rose slightly without a company-news explanation.
Over the same day the S&P 500 also rose slightly, so the move was in line with the broad market.
The stock fell slightly over the last five trading days, while the S&P 500 fell clearly, so it held up better than the market over that stretch.
Its earnings report is due on Thursday, 12 November, so investors are likely watching that closely.
The move was an ordinary one for Applied Materials, with trading near its usual level.
−3.99% market −0.48% Applied Materials, Nasdaq-listed chipmaking equipment maker, fell without a company-news explanation. Read →
Applied Materials, Nasdaq-listed chipmaking equipment maker, fell without a company-news explanation.
The stock fell more than the S&P 500 broad market index, which dipped only slightly, and it moved in line with the Technology sector ETF, which fell sharply.
Over the last five trading days, the stock fell slightly, while the S&P 500 fell clearly, so Applied Materials held up better than the market.
Its earlier slide was tied to a peer warning and a chip sector selloff, which likely weighed on the shares.
Investors are watching the earnings report due Thursday, 12 November 2026.
−7.49% market −1.77% Applied Materials fell, with company news unclear as its cause. Read →
Applied Materials fell, with company news unclear as its cause.
Applied Materials fell much more than the S&P 500 and its Technology sector fund did on the same day, so the drop was company-specific in part.
Over the last five trading days the stock rose slightly, while the S&P 500 fell slightly and the Technology sector fell clearly.
The move was very big for Applied Materials, about three times a normal day, and trading was well above its usual level.
Its next earnings report is due Thursday, 12 November 2026.
+3.41% market −0.56% Applied Materials rose slightly over the trading days this week, while the S&P 500 fell slightly, so it moved against the broader market. Read →
Applied Materials rose slightly over the trading days this week, while the S&P 500 fell slightly, so it moved against the broader market.
Its latest session saw a very sharp fall, about three times a normal day's swing, and trading volume ran well above usual.
That drop came as chip stocks sold off broadly, with the chip-sector selloff named in the news.
The next earnings report, the company's quarterly results, is due Thursday 12 November 2026.
+1.36% market −0.38% Applied Materials rose, moving against a weaker market. Read →
Applied Materials rose, moving against a weaker market.
Over the last five trading days it rose sharply, well ahead of the S&P 500 and its sector.
No company news from the last session clearly explains the move.
The stock's gain on the day came as the S&P 500 and the Technology sector fell.
Next, Applied Materials reports earnings on 12 November 2026.
+5.07% market +0.34% Applied Materials rose, more than the market and its sector. Read →
Applied Materials rose, more than the market and its sector.
Its gain came alongside a chip equipment rally, as SK Hynix signaled a memory shortage into 2030, which likely lifted peers and Applied Materials with them.
Over the last five trading days the stock rose slightly, roughly in line with its sector while the S&P 500 was flat.
Applied Materials is still well below its highest close of the past year, reached in late June.
Next, the company reports earnings on Thursday, 12 November 2026.
+2.15% market +0.56% Applied Materials rose clearly, moving with its sector. Read →
Applied Materials rose clearly, moving with its sector.
Its rise matched the Technology sector's sharp gain, while the S&P 500 also rose clearly.
Over the last five trading days the stock fell slightly, while the market was roughly flat and the sector rose clearly.
Part of the recent sector strength likely reflects enthusiasm for AI-driven chip demand.
+0.44% market −0.52% Applied Materials was roughly unchanged, while the S&P 500 fell clearly. Read →
Applied Materials was roughly unchanged, while the S&P 500 fell clearly.
Over the last five trading days the stock fell clearly, a bit more than the market's slight dip.
The move was ordinary for the stock.
No company news from the last session explains it.
Earlier, Lam Research's cautious outlook pulled chip equipment makers lower, and an investor day drew selling.
−7.83% market −0.43% Applied Materials fell clearly over the last five trading days, more than the broader market. Read →
Applied Materials fell clearly over the last five trading days, more than the broader market.
Its sector was roughly flat.
The main driver appears to be Lam Research's weak outlook, which cast doubt on chip equipment demand and pulled peers lower on the day of its report.
Investor day fallout and valuation worries likely added to the selling.
−8.16% market −1.18% Applied Materials fell very sharply, a sharp drop on sector weakness. Read →
Applied Materials fell very sharply, a sharp drop on sector weakness.
The stock fell more than the S&P 500 and more than its Technology sector fund, which both also dropped that day.
Chip equipment makers fell together after a rival, Lam Research, warned that supply constraints would cap its outlook.
The move was very big for the stock, about four times a normal day, and trading was well above its usual level.
+0.98% market +0.53% Applied Materials rose slightly, with no clear company news explaining it. Read →
Applied Materials rose slightly, with no clear company news explaining it.
The S&P 500 rose clearly that day, so Applied Materials moved more than the market.
Over the last five trading days, the stock fell clearly while the S&P 500 rose slightly.
Likely reasons include the stock's recent slide after its target and cost plans drew doubts, and sector weakness in chip equipment makers.
Next, watch the earnings report on Thursday 12 November 2026.
−1.97% market +0.34% Applied Materials fell slightly, with no company news explaining it. Read →
Applied Materials fell slightly, with no company news explaining it.
The S&P 500 rose slightly over the same day, so the stock moved against the market and more than its sector.
Over the last five trading days it fell sharply, a big move for the stock, which likely reflects sector selling, ETF outflows and analyst target cuts.
Next, the company reports earnings on Thursday 12 November 2026.
−4.82% market −1.11% Applied Materials fell sharply, moving more than the market and its sector. Read →
Applied Materials fell sharply, moving more than the market and its sector.
The share price fell sharply in the last session, more than the S&P 500 and the Technology sector fund.
Over the last five trading days it fell very sharply, a move about four times a normal week for the stock.
Needham & Company cut its price target, the value it sees as fair, from $740 to $580, and Evercore also cut its target after an AI growth plan.
These cuts came in the last session and likely drove much of the drop.
−19.28% market −1.97% Applied Materials fell very sharply over the past five trading days, moving considerably more than both the broader market and the technology sector. Read →
Applied Materials fell very sharply over the past five trading days, moving considerably more than both the broader market and the technology sector.
The main pressure came from several analysts cutting their price targets, including a notable reduction from Evercore after the company's AI growth plan, which likely raised doubts about how the expansion would be funded.
Investors also reacted to the streak of losses, which took the shares down roughly a fifth over eight straight sessions, and to a broad sell-off across chip-equipment stocks, so the move looks partly sector-driven.
Next, watch the company's earnings report on Thursday 12 November 2026.
−3.72% market +0.28% Applied Materials fell sharply, moving against a slightly higher S&P 500, and no single company event clearly explains it. Read →
Applied Materials fell sharply, moving against a slightly higher S&P 500, and no single company event clearly explains it.
Applied Materials sank in the last session on a chip-stock selloff.
Over the last five trading days the stock fell very sharply, while the broad market was roughly flat and the Technology sector fell sharply too, so the decline was mostly specific to the chip-equipment group and the company.
In the last session the drop was clear even as the S&P 500 edged up.
The news from that session is mostly company announcements, such as its new semiconductor research center, which rarely move a stock this much on their own.
−3.79% market −1.08% Applied Materials fell sharply, most likely with the broader chip-equipment selloff rather than on company news. Read →
Applied Materials fell sharply, most likely with the broader chip-equipment selloff rather than on company news.
Over the last five trading days the stock fell sharply, more than the S&P 500, which dipped slightly, and it also fell more than the Technology sector fund.
In the last session the market and the sector both fell sharply, so the move looks largely driven by broad selling in technology and semiconductor stocks rather than by anything specific to the company.
The most recent company-specific items, including a 2030 margin plan that analysts called conservative, were already known before the session opened, so they do not explain the drop.
Next, watch the earnings report on Thursday 12 November 2026.
−6.69% market −0.01% Applied Materials fell very sharply as investors balked at its US$5 billion AI chipmaking bet and an investor-day omission. Read →
Applied Materials fell very sharply as investors balked at its US$5 billion AI chipmaking bet and an investor-day omission.
Applied Materials is listed on Nasdaq, and over the last five trading days it fell sharply while the broad market was roughly flat and the technology sector slipped clearly, so the weakness was concentrated in this stock.
The sell-off looks tied to doubts around its investor day, where new 2030 targets and a large AI research push failed to reassure Wall Street, and the losing streak stretched to a sixth session.
Earlier in the period, news that it would double its Singapore manufacturing and research footprint and a new AI chipmaking collaboration with Intel were positives, but they did not offset the later disappointment.
Analysts at Evercore and Cantor stayed constructive, with Cantor pointing to large upside, which suggests the drop was about sentiment rather than a change in the business.
Learn more · Why do stocks move on earnings day? · Why do stocks go up and down?