Applied Materials, Inc. (NASDAQ:AMAT) will release earnings for its second quarter after the closing bell on Thursday, May 14.



Analysts expect the company to report quarterly earnings of $2.68 per share, up from $2.39 per share in the year-ago period. The consensus estimate for Applied Materials’ quarterly revenue is $7.69 billion (it reported $7.1 billion last year), according to Benzinga Pro.



On May 11, Applied Materials partnered with Taiwan Semiconductor to accelerate development of semiconductor technology for next-gen AI.



Applied Materials shares rose 1.3% to close at $436.61 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.



<ul>
<li>Citigroup analyst Atif Malik maintained a Buy rating and raised the price target from $420 to $520 on May 12, 2026. This analyst has an accuracy rate of 87%.</li>



<li>Cantor Fitzgerald analyst C.J. Muse maintained an Overweight rating and increased the price target from $500 to $550 on May 11, 2026. This analyst has an accuracy rate of 85%.</li>



<li>Morgan Stanley analyst Shane Brett maintained an Overweight rating and increased the price target from $432 to $454 on May 5, 2026. This analyst has an accuracy rate of 83%.</li>



<li>Seaport Global analyst Jay Goldberg initiated coverage on the stock with a Buy rating and a price target of $500 on May 5, 2026. This analyst has an accuracy rate of 57%.</li>



<li>UBS analyst Timothy Arcuri maintained a Buy rating and raised the price target from $430 to $480 on May 4, 2026. This analyst has an accuracy rate of 89%.</li>
</ul>



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



<figure class="wp-block-image size-large is-resized"></figure>



Photo via Shutterstock

AMAT

SOXX

TSMG

TSMU

TSMX

Applied Materials, Inc. (NASDAQ:AMAT) is set to announce its Q2 earnings on May 14, with analysts predicting an EPS of $2.68 and revenue of $7.69 billion. The stock rose 1.3% to $436.61 on May 12. Recent analyst ratings include Citigroup's Buy rating with a price target increase to $520, Cantor Fitzgerald's Overweight rating with a target of $550, and UBS's Buy rating with a target of $480. The company has partnered with Taiwan Semiconductor to advance semiconductor technology for AI.

benzinga_article

Applied Materials

SPDR S&P Semicon

iShares Semiconductor ETF

Leverage Shares 2X Long TSM Daily ETF

GraniteShares 2x Long TSM Daily ETF

Direxion Daily TSM Bull 2X Shares

VanEck Semiconductor ETF

Taiwan Semiconductor

Citigroup

Morgan Stanley

UBS Group AG

CITIGROUP INC 6.250 NON CUM SER II PFD WI

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

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