Applied Materials Inc

AMAT remains in a Stage 4 decline marked by sequential lower highs and lower lows. A recent rally into the declining short-term EMAs failed at resistance, reinforcing the medium-term bearish bias. Short-term conditions favor sell-side execution now, with price rejected at key moving averages. The High Momentum strategy prioritizes swift participation on failed rally setups.

• ↑Q3 FY2026 revenue guidance $8.95B, +23% YoY; non-GAAP EPS $3.36 (+36% YoY)
• ↑Q2 revenue $7.91B, +11% YoY; gross margin ~50%; EPS $2.86 (+20% YoY)
• ↓Negative earnings yield and low book-to-price suggest overvaluation risk