Applied Materials Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Applied Materials, Inc. (NASDAQ:AMAT) will release its fourth-quarter earnings report after the closing bell on Thursday, Nov. 12.

Analysts expect the Santa Clara, California-based company to report quarterly earnings of $4.06 per share, up from $2.17 per share in the year-ago period. The consensus estimate for AMAT’s quarterly revenue is $10.3 billion. It reported $6.8 billion last year, according to Benzinga Pro.

On Oct. 26, Applied Materials announced it is boosting its investment in BE Semiconductor Industries N.V. to approximately 20% of Besi’s outstanding shares.

Applied Materials shares jumped 6.1% to close at $395.08 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• B. Riley Securities analyst Craig Ellis maintained a Buy rating and cut the price target from $700 to $475 on Nov. 9, 2026. This analyst has an accuracy rate of 81%.
• Morgan Stanley analyst Shane Brett maintained an Equal-Weight rating and cut the price target from $563 to $538 on Nov. 3, 2026. This analyst has an accuracy rate of 59%.
• Needham analyst Charles Shi maintained a Buy rating and slashed the price target from $740 to $580 on Oct. 16, 2026. This analyst has an accuracy rate of 76%.
• Evercore ISI Group analyst Mark Lipacis maintained an Outperform rating and cut the price target from $700 to $590 on Oct. 15, 2026. This analyst has an accuracy rate of 78%.
• RBC Capital analyst Srini Pajjuri maintained an Outperform rating with a price target of $600 on Oct. 14, 2026. This analyst has an accuracy rate of 83%.

Considering buying AMAT stock? Here’s what analysts think:

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