Applied Materials Inc. (AMAT) Stock Rises on Q2 2026 Earnings

Applied Materials Inc. (AMAT) reported second-quarter 2026 results with revenue of $7.91 billion (up 11.4% year-over-year), gross profit of $3.95 billion (up 13.3% YoY), operating profit of $2.52 billion (up 16.3% YoY), and net income attributable to common shareholders of $2.81 billion (up 31.3% YoY). Diluted earnings per share were $3.51, a 33.5% increase year-over-year and above the consensus estimate of $2.71; revenue also topped the estimate of $7.82 billion.

Key financials:

Cost of sales: $3.96 billion (up 9.6% YoY).

Cash from operating activities: $845 million (down 46.2% YoY).

Purchases of property, plant and equipment: $635 million (up 24.5% YoY).

Cash and cash equivalents: $6.30 billion (up 2.1% YoY).

Total liabilities: $16.38 billion (up 11.6% YoY).

Market reaction:

Shares of Applied Materials (AMAT) were up 4.12% since market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Applied Materials Inc. Insider Trading Activity

Applied Materials Inc. insiders have traded $AMAT stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $AMAT stock by insiders over the last 6 months:

JUDY BRUNER has made 0 purchases and 3 sales selling 6,469 shares for an estimated $2,475,679.
TERI A. LITTLE (SVP, CLO) has made 0 purchases and 2 sales selling 8,000 shares for an estimated $1,889,262.
BRICE HILL (SVP, CFO) sold 5,000 shares for an estimated $1,806,062
ADAM SANDERS (Corp. Controller & CAO) has made 0 purchases and 2 sales selling 1,143 shares for an estimated $358,091.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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Applied Materials Inc. Hedge Fund Activity

We have seen 1,281 institutional investors add shares of Applied Materials Inc. stock to their portfolio, and 1,269 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ALLIANCEBERNSTEIN L.P. removed 6,352,096 shares (-49.7%) from their portfolio in Q4 2025, for an estimated $1,632,425,151
BLACKROCK, INC. added 3,715,744 shares (+4.9%) to their portfolio in Q1 2026, for an estimated $1,217,509,968
AUTO-OWNERS INSURANCE CO removed 3,357,097 shares (-99.6%) from their portfolio in Q1 2026, for an estimated $1,099,994,795
CAPITAL RESEARCH GLOBAL INVESTORS removed 3,251,625 shares (-9.9%) from their portfolio in Q1 2026, for an estimated $1,065,435,576
DAVIS SELECTED ADVISERS removed 3,004,196 shares (-71.5%) from their portfolio in Q1 2026, for an estimated $984,362,371
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 2,920,878 shares (+257.7%) to their portfolio in Q4 2025, for an estimated $750,636,437
VAN ECK ASSOCIATES CORP removed 2,705,730 shares (-25.6%) from their portfolio in Q4 2025, for an estimated $695,345,552

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Applied Materials Inc. Congressional Stock Trading

Members of Congress have traded $AMAT stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $AMAT stock by members of Congress over the last 6 months:

SENATOR JOHN BOOZMAN sold up to $15,000 on 02/27.
SENATOR MARKWAYNE MULLIN purchased up to $50,000 on 12/29.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

Applied Materials Inc. Analyst Ratings

Wall Street analysts have issued reports on $AMAT in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 02/13/2026
Morgan Stanley issued a "Overweight" rating on 02/02/2026
Deutsche Bank issued a "Buy" rating on 01/23/2026
RBC Capital issued a "Outperform" rating on 01/15/2026
Barclays issued a "Overweight" rating on 01/15/2026
B. Riley Securities issued a "Buy" rating on 12/18/2025
UBS issued a "Buy" rating on 11/25/2025

To track analyst ratings and price targets for Applied Materials Inc., check out Quiver Quantitative's $AMAT forecast page.

Applied Materials Inc. Price Targets

Multiple analysts have issued price targets for $AMAT recently. We have seen 20 analysts offer price targets for $AMAT in the last 6 months, with a median target of $450.0.

Here are some recent targets:

Atif Malik from Citigroup set a target price of $520.0 on 05/12/2026
C.J. Muse from Cantor Fitzgerald set a target price of $550.0 on 05/11/2026
Adithya Metuku from HSBC set a target price of $517.0 on 05/08/2026
Shane Brett from Morgan Stanley set a target price of $454.0 on 05/05/2026
Jay Goldberg from Seaport Global set a target price of $500.0 on 05/05/2026
Timothy Arcuri from UBS set a target price of $480.0 on 05/04/2026
Craig Ellis from B. Riley Securities set a target price of $485.0 on 04/13/2026