AMAT
Applied MaterialsFront-end deposition/etch leader.
Last
$394.26
Change
-0.35%
Market cap
$312.9B
60-day price
Near-term (0-6mo)
Earnings 5/14 — 2nm tool orders, HBM deposition equipment demand, and advanced packaging tool pipeline. New 2nm tools are a direct substrate-constraint play.
Mid-term (6-24mo)
Gate-all-around transistor architecture at 2nm requires new deposition/etch processes — AMAT is the leading supplier. Also benefits from DRAM retooling for HBM and advanced packaging growth.
Catalysts
- New 2nm tool launch details
- Q2 earnings 5/14
- Advanced packaging equipment orders
Risks
- WFE cycle sensitivity
- China export restrictions
- Equipment delivery lead times
Options flags
earnings_soon · Apr 16, 2026
Earnings on 2026-05-14 (27d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.monthly_liquid · Apr 16, 2026
Monthly Apr 16, 2026 chain likely liquid. Prefer ATM/ITM-20 over OTM to force discipline.