Applied Materials EPS Estimate Rises to $9.62 with 91% Six-Month Rally
Zacks Consensus EPS estimate for Applied Materials' fiscal 2026 rose to $9.62 from $9.54, implying 2.1% year-over-year growth. The stock has delivered a 91% total return over the past six months and carries a Zacks Rank #2 (Buy) recommendation.
1. EPS Estimate Revision
The Zacks Consensus Estimate for Applied Materials' fiscal 2026 EPS was raised to $9.62 from $9.54 per share, reflecting analysts' confidence in moderate year-over-year earnings growth of 2.1% as the company capitalizes on semiconductor equipment demand.
2. Six-Month Share Rally
Applied Materials shares have surged 91% over the last six months, driven by robust order momentum in logic and memory chip markets, ongoing AI-related investments, and broad semiconductor capital expenditure trends.
3. Zacks Rank #2 (Buy) Implications
Holding a Zacks Rank #2 indicates strong upside potential and suggests that the stock is favored among analysts for its market share gains and operational leverage in a recovering semiconductor cycle.