Applied Materials ($AMAT) earnings forecast on Thursday May 19
Applied Materials, Inc. (AMAT) is set to release its earnings report for the second quarter of fiscal year 2023 on Thursday, May 19. This highly anticipated report is expected to give investors and analysts insights into the company's financial performance, market position, and future growth prospects.
Leading up to this earnings release, AMAT's Momentum Indicator moved above the 0 level on May 05, 2023. This is an important technical signal that suggests the stock could be poised for a new upward move. Traders who follow momentum indicators may want to consider buying the stock or buying call options.
To further support this bullish outlook, Tickeron's A.I.dvisor analyzed 88 similar instances where the Momentum Indicator turned positive for AMAT. In 71 of those 88 cases, the stock moved higher in the following days. This translates to a probability of 81% for a move higher after a positive momentum signal.
Investors and analysts will be closely watching AMAT's earnings report to see if the company can continue its growth trajectory. In the first quarter of fiscal year 2023, the company reported revenue of $6.7 billion, an increase of 24% year-over-year. The company's net income also increased to $1.7 billion, or $1.85 per share, up from $1.4 billion, or $1.53 per share, in the same period last year.
Analysts expect AMAT to report earnings per share of $1.97 on revenue of $7.1 billion for the second quarter of fiscal year 2023. These estimates imply year-over-year growth of 27% and 19%, respectively.
AMAT is a leading provider of equipment, services, and software to the semiconductor industry. The company's products are used in the production of a wide range of electronic devices, including smartphones, computers, and other consumer electronics.
The semiconductor industry has been experiencing strong demand and supply constraints, leading to higher prices and longer lead times for customers. This trend has been benefiting companies like AMAT, which are well-positioned to capitalize on the growing demand for semiconductors.
The technical signals and historical data suggest that AMAT could be set for a new upward move. Investors and traders will be closely watching the company's earnings report on Thursday, May 19, to see if the company can continue its growth trajectory and deliver strong financial results.
AMAT Trading results, last 6 months - Swing Trader: Medium Volatility Stocks for Active Trading (TA&FA) +12.98%
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AMAT sees MACD Histogram crosses below signal line
AMAT saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 13, 2026. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In 35 of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 78%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for AMAT moved out of overbought territory on October 06, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In 29 of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at 64%.
The Momentum Indicator moved below the 0 level on October 13, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on AMAT as a result. In 62 of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 71%.
AMAT moved below its 50-day moving average on October 13, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMAT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 66%.
The Aroon Indicator for AMAT entered a downward trend on September 25, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The 10-day moving average for AMAT crossed bullishly above the 50-day moving average on October 02, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 79%.
Following a +2.45% 3-day Advance, the price is estimated to grow further. Considering data from situations where AMAT advanced for three days, in 251 of 316 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 9 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 25 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 38 (best 1 - 100 worst), indicating steady price growth. AMAT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 44 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 66, placing this stock slightly better than average.
The Tickeron Valuation Rating of 71 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (15.083) is normal, around the industry mean (8.078). P/E Ratio (41.998) is within average values for comparable stocks, (161.623). Projected Growth (PEG Ratio) (0.967) is also within normal values, averaging (0.801). Dividend Yield (0.004) settles around the average of (0.002) among similar stocks. P/S Ratio (10.764) is also within normal values, averaging (27.897).
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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General Information
a manufacturer of equipment and software for the semiconductor industries
Industry ElectronicProductionEquipment
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