Applied Materials Inc. (NASDAQ:AMAT) Sees Stock Upgrade Amid Strong Fiscal Performance

Font: Financial Modeling Prep  • Feb 13, 2026

• Summit Insights Group upgraded NASDAQ:AMAT from Hold to Buy, reflecting confidence in the company's market position and recent financial achievements.
• AMAT reported a revenue of $7.01 billion, surpassing consensus estimates and highlighting its strength in the semiconductor equipment industry.
• The company forecasts a second-quarter revenue of around $7.65 billion, driven by demand for AI processors and its chipmaking equipment.

Applied Materials Inc. (NASDAQ:AMAT) is a leading company in the semiconductor equipment industry. It provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company is a key player in the global semiconductor market, competing with other giants like Lam Research and ASML.

On February 12, 2026, Summit Insights Group upgraded AMAT's stock from Hold to Buy, with the stock priced at $328.39. This upgrade aligns with the company's recent performance, as AMAT's share price surged over 9% in after-hours trading following its fiscal first-quarter results. The company reported a revenue of $7.01 billion, surpassing the consensus estimate of $6.89 billion.

Despite a 2% year-over-year revenue decline, AMAT's adjusted earnings per share (EPS) of $2.38 exceeded expectations of $2.21. The Semiconductor Systems segment achieved record DRAM revenue, while the Applied Global Services division saw unprecedented services and spares revenue. This highlights strong demand in memory-related sectors and services.

AMAT generated $1.69 billion in operating cash flow and returned $702 million to shareholders, including $337 million in share repurchases and $365 million in dividends. The company forecasts second-quarter revenue of around $7.65 billion, driven by anticipated demand for AI processors, which is expected to boost sales of its chipmaking equipment.

The company's current stock price is $328.39, reflecting a 3.38% decrease. It has traded between $325.58 and $341.07 today, with a market capitalization of approximately $260.65 billion. The trading volume for AMAT is 9,081,472 shares, indicating strong investor interest.