Applied Materials, Inc. (AMAT)
NASDAQ: AMAT · Real-Time Price · USD
518.21
+10.54 (2.08%)
At close: Aug 3, 2026, 4:00 PM EDT
520.09
+1.88 (0.36%)
After-hours: Aug 3, 2026, 7:59 PM EDT

Applied Materials Stock Forecast

Stock Price Forecast

According to 39 analysts polled by S&P Global, Applied Materials stock has a consensus rating of "Strong Buy" and an average price target of $627.66. The average 1-year stock price forecast is 21.12% higher than the current stock price, while the lowest is $358 (-30.92%) and the highest is $900 (+73.67%).

Price Target: $627.66 (+21.12%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$358$627.66$650$900
Change-30.92%+21.12%+25.43%+73.67%

Analyst Ratings

The average analyst rating for Applied Materials stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Chart
RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy232324282828
Buy555444
Hold997866
Sell000011
Strong Sell000000
Total373736403939

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Citi
Citi
Buy
Maintains
$710
BuyMaintains$710+37.01%Aug 3, 2026
Goldman Sachs
Goldman Sachs
Buy
Maintains
$520$645
BuyMaintains$520$645+24.47%Aug 3, 2026
HSBC
HSBC
Buy
Maintains
$522$683
BuyMaintains$522$683+31.80%Jul 27, 2026
UBS
UBS
Buy
Maintains
$570$705
BuyMaintains$570$705+36.05%Jul 15, 2026
Bernstein
Bernstein
Buy
Maintains
$525
BuyMaintains$525+1.31%Jul 13, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
33.43B
from 28.37B
Increased by 17.84%
Revenue Next Year
42.90B
from 33.43B
Increased by 28.33%
EPS This Year
12.27
from 9.42
Increased by 30.29%
EPS Next Year
16.90
from 12.27
Increased by 37.73%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingOct 31, 2021Oct 30, 2022Oct 29, 2023Oct 27, 2024Oct 26, 2025Oct 31, 2026
Revenue
23.06B25.79B26.52B27.18B28.37B33.43B
Revenue Growth
34.07%11.80%2.84%2.49%4.39%17.84%
Gross Profit
10.91B11.99B12.38B12.90B13.81B16.66B
Gross Margin
47.32%46.51%46.70%47.46%48.67%49.83%
Operating Income
7.20B7.78B7.65B7.87B8.51B10.86B
Net Income
5.89B6.53B6.86B7.18B7.00B10.39B
EPS
----9.4212.27
EPS Growth
----8.90%30.29%
Forward PE
17.0713.1917.3420.0725.4642.22
Dividend / Share
0.941.021.221.521.781.96
Dividend Growth
-8.51%19.61%24.59%17.11%9.92%
Free Cash Flow
3.28B3.12B5.39B5.57B3.65B5.80B
No. Analysts
-----34
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High34.3B
Avg33.4B
Low32.7B

Revenue Growth

Revenue Growth202620272028
High
20.8%
Avg
17.8%
Low
15.2%

EPS Forecast

EPS202620272028
High12.95
Avg12.27
Low11.51

EPS Growth

EPS Growth202620272028
High
37.5%
Avg
30.3%
Low
22.2%