- Prev close
- $332.72
- Day range
- $329.29 – $348.71
- From 52-wk high
- -55.0%
- Next earnings
- in 5 days
Applied Materials was hit by a sector-wide de-risking in chip equipment, with AMAT down 13.6% as LRCX fell 16.4%, KLAC fell 13.3%, TER fell 15.2% and Q fell 7.4%; the move looks more like a semiconductor reset than a company-specific break, but it lands against a 1m -38.7% slide and a 3m -40.8% trend.
AMAT
APPLIED MATERIALS INC
As of Nov 5, 2026
31/100
Deserves your attentionHealth ScoreWhy it moved
The primary driver is sector-wide, not broad-market: AMAT fell 13.6% while the S&P 500 rose 13.6% and the Nasdaq 100 rose 13.6%. The peer tape confirms it, with LRCX -16.4%, KLAC -13.3%, TER -15.2% and Q -7.4% in the same session, so this was a semiconductor equipment selloff rather than a stock-specific breakdown. The catalyst sits in the recent news flow around AI spending and chip capex, including concerns that data-center investment could slow after the midterms.
Volatility check
This is more than ordinary noise because the price action is large, the trend is weak, and the stock is volatile: beta is 1.66, the shares are down 13.6% over 1w, 38.7% over 1m and 40.8% over 3m, and they sit 56.8% below the 52-week high of $739.67. The underlying business is still growing, with revenue +7.8% YoY (TTM), latest quarter +24.8% YoY and EPS +38.4% YoY (TTM), while margins remain strong at gross +49.4%, operating +29.6% and net +30.1%. But valuation leaves less room for error: PE is 31.6, forward PE is 20.8 and PEG is 0.99, so the market is already paying for solid growth. On balance, this looks like a sharp repricing of a richly valued cyclical leader, not a deterioration in the reported fundamentals themselves.
Earnings preview
Next earnings are on 2026-11-12. The fact set does not provide analyst revenue or EPS expectations for the print, so I won't invent a consensus forecast; what is available is the current operating backdrop of revenue +7.8% YoY (TTM), latest quarter +24.8% YoY, EPS +38.4% YoY (TTM), gross margin +49.4%, operating margin +29.6% and net margin +30.1%. The market will be focused on whether chip-equipment demand still holds up after the recent AI trade reset, whether guidance for semiconductor tools remains intact, and whether advanced packaging and other AI-linked spending continue to offset any slowdown in data-center capex. Prior print reaction history is not provided in the facts.
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