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Applied Materials, Inc. (AMAT) provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries.
AMAT's revenue fell 2% year-over-year but beat Wall Street's estimates in Q1 2026.
KEY POINTS
- 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.
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