Applied Materials, Inc. (AMAT) Stock Forecast
AMAT analyst forecast
as of October 17, 2026- Analyst consensus
- Strong buy 4.55 / 5 from 40 analysts
- Price target
- $627.83 average of analyst targets
- Upside to target
- +53.4% from the latest close
- Next earnings
- November 12, 2026 EPS estimate $4.06
- 52-week range
- $220.23 – $723.00
AMAT analyst ratings
40 analystsNumber of analysts at each rating.
AMAT price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
AMAT earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Jul '26) | $3.39 | $3.21 | $3.56 | $2.48 | +36.9% | 28 |
| Next quarter (Jan '27) | $4.21 | $3.71 | $4.77 | $2.38 | +76.7% | 24 |
| Current fiscal year (FY2026) | $12.79 | $12.53 | $12.96 | $9.42 | +35.7% | 31 |
| Next fiscal year (FY2027) | $18.46 | $16.02 | $21.77 | $12.79 | +44.4% | 35 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
AMAT revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Jul '26) | $9.00B | $8.95B | $9.20B | +23.3% | 28 |
| Next quarter (Jan '27) | $10.74B | $9.60B | $11.41B | +53.1% | 23 |
| Current fiscal year (FY2026) | $34.26B | $33.17B | $34.58B | +20.8% | 34 |
| Next fiscal year (FY2027) | $46.31B | $41.20B | $51.01B | +35.2% | 35 |
AMAT EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
AMAT revenue: reported and forecast
AMAT EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Jul '26) | $2.89 | $3.38 | $3.39 | $3.39 | $3.39 | +17.4% | 1 up · 0 down |
| Next quarter (Jan '27) | $3.79 | $4.20 | $4.20 | $4.21 | $4.21 | +10.8% | 3 up · 0 down |
| Current fiscal year (FY2026) | $12.27 | $12.79 | $12.79 | $12.79 | $12.79 | +4.2% | 0 up · 1 down |
| Next fiscal year (FY2027) | $16.75 | $18.27 | $18.45 | $18.48 | $18.46 | +10.2% | 3 up · 0 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
AMAT earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; AMAT beat in 12 of 12.
What analysts expect from AMAT
40 analysts cover Applied Materials; their consensus rating is strong buy (4.55 on a 1–5 scale, where 5 is a strong buy). The average price target is $627.83, 53.4% above the latest close of $409.29. Analysts expect earnings of $12.79 per share for FY2026, +35.7% from a year earlier. For FY2027 the average estimate is $18.46 per share on revenue of $46.3 billion. Applied Materials beat the EPS estimate in 12 of the last 12 quarters.
Related: AMAT income statement, AMAT key metrics, AMAT chart. See the AMAT stock overview for the latest quote and news.
AMAT forecast FAQ
What is Applied Materials's price target?
The average analyst price target for Applied Materials is $627.83, 53.4% above the latest close of $409.29.
Is Applied Materials a buy, hold or sell?
Of 40 analysts covering Applied Materials, 29 rate it a strong buy, 4 a buy, 7 a hold, 0 a sell and 0 a strong sell, a consensus of strong buy. Ratings are opinions, not a recommendation from Quotelinks.
What is Applied Materials's EPS forecast?
Analysts forecast $12.79 per share for FY2026 (range $12.53 to $12.96); for FY2027 the estimate is $18.46.
What is Applied Materials's revenue forecast?
The average revenue estimate for FY2026 is $34.3 billion, growth of 20.8%; for FY2027 it is $46.3 billion.
When does Applied Materials report earnings?
Applied Materials is expected to report results for the quarter ending October 31, 2026 on November 12, 2026 after the market closes; the EPS estimate is $4.06.
Does Applied Materials usually beat earnings estimates?
Applied Materials reported EPS at or above the analyst estimate in 12 of the last 12 quarters.