# Applied Materials, Inc. (AMAT) provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries.

*semiconductor · news · 2026-05-07 · Barchart*

## Key points

- AMAT's revenue fell 2% year-over-year but beat Wall Street's estimates in Q1 2026.
- AMAT expects second quarter 2026 revenue between $7.15 billion and $8.15 billion.
- AMAT's stock price has significantly outperformed both the S&P 500 and XLK ETF in 2026.
- Morgan Stanley recently raised AMAT's price target from $432 to $454 on May 5.

**Companies:** Applied Materials, Inc.
**Countries:** United States

[Read the full story on Barchart](https://www.barchart.com/story/news/1765152/is-wall-street-bullish-or-bearish-on-applied-materials-stock)

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