Applied Materials (AMAT) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
Applied Materials (AMAT) last issued guidance on May 14, 2026 for Q3 2026. The company guided earnings per share in the range of $3.16 - $3.56, compared to a consensus EPS estimate of $2.91. Applied Materials also guided revenue in the range of $8.45B - $9.45B for the period.
Compared to prior guidance, Applied Materials raised its revenue forecast from a prior range of $7.15B - $8.15B.
Applied Materials has issued 18 guidance updates between August 18, 2022 and May 14, 2026. During this period, the company raised its outlook 9 times and lowered it 4 times, providing investors with insight into management's evolving expectations.
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $2.68 | $2.20 | $2.10 | $2.35 |
| Actual | $2.86 | $2.38 | $2.17 | $2.48 |
| Surprise | +6.72% | +8.18% | +3.33% | +5.53% |
| Revenue | ||||
| Estimate | $7.69B | $6.88B | $6.68B | $7.21B |
| Actual | $7.91B | $7.01B | $6.80B | $7.30B |
| Surprise | +2.85% | +1.86% | +1.77% | +1.30% |
| Metric | Q3 '26E | Q4 '26E | Q1 '27E | Q2 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $3.38 | $3.65 | $3.63 | $3.89 |
| Revenue | ||||
| Consensus | $9.01B | $9.53B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q2 | May 14, 2026 | $2.86 | $2.68 | 6.72 % |
| Q1 | Feb 12, 2026 | $2.38 | $2.20 | 8.18 % |
| Q4 | Nov 13, 2025 | $2.17 | $2.10 | 3.33 % |
| Q3 | Aug 14, 2025 | $2.48 | $2.35 | 5.53 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q2 | May 14, 2026 | $7.91B | $7.69B | 2.85 % |
| Q1 | Feb 12, 2026 | $7.01B | $6.88B | 1.86 % |
| Q4 | Nov 13, 2025 | $6.80B | $6.68B | 1.77 % |
| Q3 | Aug 14, 2025 | $7.30B | $7.21B | 1.30 % |