Overview
- Applied Materials will post fiscal first‑quarter results after Thursday’s close, with options implying roughly a 6% move in either direction.
- Management projects about $6.85 billion in revenue for the quarter, including roughly $5.03 billion from Semiconductor Systems and about $1.52 billion from Applied Global Services.
- Visible Alpha consensus calls for adjusted EPS of about $2.21 and revenue near $6.89 billion, both lower than a year ago.
- Analysts remain broadly bullish, with 11 of 13 tracked ratings at buy, and targets raised by UBS to $405 and B. Riley to $400 as some expect “catch‑up” sales to China.
- Shares have jumped about 30% year to date and more than 80% over 12 months on an AI-driven equipment upcycle, though export curbs to China, an overbought RSI, and a four‑quarter post‑earnings slide pattern highlight near‑term risk.