Subtext

Applied Materials, Inc. AMAT

SectorInformation Technology
Transcripts76
Date range2006-02-17 – 2025-05-15
Calls charted75

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-28-14+0+14+282006 Q12008 Q42011 Q42014 Q22016 Q42019 Q22021 Q42024 Q22006 Q1 · Overall: +9.32006 Q2 · Overall: +11.02006 Q3 · Overall: +12.12006 Q4 · Overall: +9.82007 Q1 · Overall: +3.62007 Q3 · Overall: +5.72007 Q4 · Overall: +8.92008 Q1 · Overall: +2.52008 Q2 · Overall: +7.42008 Q3 · Overall: +6.42008 Q4 · Overall: +0.02009 Q1 · Overall: -9.42009 Q2 · Overall: +1.12009 Q3 · Overall: +5.12009 Q4 · Overall: +5.82010 Q1 · Overall: +3.72010 Q2 · Overall: +3.12011 Q1 · Overall: +11.32011 Q2 · Overall: +6.52011 Q3 · Overall: -2.42011 Q4 · Overall: +3.62012 Q1 · Overall: +5.12012 Q2 · Overall: +5.12012 Q3 · Overall: -2.32012 Q4 · Overall: +13.82013 Q1 · Overall: +19.42013 Q2 · Overall: +16.02013 Q3 · Overall: +22.32013 Q4 · Overall: +18.42014 Q1 · Overall: +12.92014 Q2 · Overall: +18.42014 Q3 · Overall: +23.22014 Q4 · Overall: +24.42015 Q1 · Overall: +14.62015 Q2 · Overall: +17.72015 Q3 · Overall: +8.42015 Q4 · Overall: +21.62016 Q1 · Overall: +16.42016 Q2 · Overall: +22.02016 Q3 · Overall: +22.72016 Q4 · Overall: +15.02017 Q1 · Overall: +16.62017 Q2 · Overall: +15.32017 Q3 · Overall: +19.02017 Q4 · Overall: +20.32018 Q1 · Overall: +15.02018 Q2 · Overall: +11.02018 Q3 · Overall: +11.52018 Q4 · Overall: +8.02019 Q1 · Overall: +8.72019 Q2 · Overall: +10.42019 Q3 · Overall: +18.42019 Q4 · Overall: +14.82020 Q1 · Overall: +16.02020 Q2 · Overall: +12.42020 Q3 · Overall: +15.62020 Q4 · Overall: +16.52021 Q1 · Overall: +15.92021 Q2 · Overall: +17.92021 Q3 · Overall: +18.92021 Q4 · Overall: +6.82022 Q1 · Overall: +9.82022 Q2 · Overall: +5.82022 Q3 · Overall: +2.22022 Q4 · Overall: +6.12023 Q1 · Overall: +5.52023 Q2 · Overall: +8.72023 Q3 · Overall: +13.62023 Q4 · Overall: +8.92024 Q1 · Overall: +13.22024 Q2 · Overall: +10.92024 Q3 · Overall: +17.42024 Q4 · Overall: +14.02025 Q1 · Overall: +11.92025 Q2 · Overall: +14.4
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-50-25+0+25+502006 Q12008 Q42011 Q42014 Q22016 Q42019 Q22021 Q42024 Q22006 Q1 · CEO: +29.72006 Q2 · CEO: +20.62006 Q3 · CEO: +18.12006 Q4 · CEO: +42.92007 Q1 · CEO: +14.82007 Q3 · CEO: +13.22007 Q4 · CEO: +14.82008 Q1 · CEO: +9.22008 Q2 · CEO: +15.42008 Q3 · CEO: +12.12008 Q4 · CEO: +5.02009 Q1 · CEO: -2.82009 Q2 · CEO: +14.62009 Q3 · CEO: +20.32009 Q4 · CEO: +20.22010 Q1 · CEO: +13.12010 Q2 · CEO: +11.52011 Q1 · CEO: +22.42011 Q2 · CEO: +17.82011 Q3 · CEO: +4.42011 Q4 · CEO: +17.02012 Q1 · CEO: +12.32012 Q2 · CEO: +14.32012 Q3 · CEO: +3.02012 Q4 · CEO: +15.72013 Q1 · CEO: +22.62013 Q2 · CEO: +14.92013 Q3 · CEO: +22.32013 Q4 · CEO: +33.62014 Q1 · CEO: +22.82014 Q2 · CEO: +32.32014 Q3 · CEO: +33.62014 Q4 · CEO: +35.12015 Q1 · CEO: +29.42016 Q2 · CEO: +34.92016 Q3 · CEO: +43.52016 Q4 · CEO: +27.12017 Q1 · CEO: +32.62017 Q2 · CEO: +26.72017 Q3 · CEO: +32.52017 Q4 · CEO: +32.52018 Q1 · CEO: +25.82018 Q2 · CEO: +19.22018 Q3 · CEO: +24.92018 Q4 · CEO: +14.82019 Q1 · CEO: +18.12019 Q2 · CEO: +24.02019 Q3 · CEO: +24.72019 Q4 · CEO: +25.02020 Q1 · CEO: +27.52020 Q2 · CEO: +24.42020 Q3 · CEO: +17.12020 Q4 · CEO: +33.42021 Q1 · CEO: +28.72021 Q2 · CEO: +28.42021 Q3 · CEO: +29.62021 Q4 · CEO: +20.82022 Q1 · CEO: +18.02022 Q2 · CEO: +15.42022 Q3 · CEO: +13.92022 Q4 · CEO: +15.02023 Q1 · CEO: +17.32023 Q2 · CEO: +25.52023 Q3 · CEO: +29.12023 Q4 · CEO: +28.72024 Q1 · CEO: +37.82024 Q2 · CEO: +30.22024 Q3 · CEO: +39.72024 Q4 · CEO: +35.42025 Q1 · CEO: +35.72025 Q2 · CEO: +34.42006 Q1 · CFO: -10.92006 Q2 · CFO: +15.32006 Q3 · CFO: +15.32006 Q4 · CFO: +15.92007 Q1 · CFO: -1.22007 Q3 · CFO: +10.62007 Q4 · CFO: +11.12008 Q1 · CFO: +3.52008 Q2 · CFO: +5.92008 Q3 · CFO: +14.12008 Q4 · CFO: +5.52009 Q1 · CFO: -10.92009 Q2 · CFO: -4.82009 Q3 · CFO: +3.32009 Q4 · CFO: +7.22010 Q1 · CFO: +8.42010 Q2 · CFO: +4.22011 Q1 · CFO: +13.42011 Q2 · CFO: +5.92011 Q3 · CFO: -3.22011 Q4 · CFO: +2.12012 Q1 · CFO: +6.92012 Q2 · CFO: +6.02012 Q3 · CFO: +1.42012 Q4 · CFO: -2.22013 Q1 · CFO: +17.92013 Q2 · CFO: +26.72013 Q3 · CFO: +37.32013 Q4 · CFO: +15.22014 Q1 · CFO: +16.12014 Q2 · CFO: +19.92014 Q3 · CFO: +28.92014 Q4 · CFO: +31.32015 Q1 · CFO: +12.62016 Q2 · CFO: +22.42016 Q3 · CFO: +23.72016 Q4 · CFO: +11.42017 Q1 · CFO: +16.52017 Q2 · CFO: +14.82017 Q3 · CFO: +16.72017 Q4 · CFO: +26.42018 Q1 · CFO: +18.62018 Q2 · CFO: +14.42018 Q3 · CFO: +11.92018 Q4 · CFO: +10.12019 Q1 · CFO: +7.72019 Q2 · CFO: +6.82019 Q3 · CFO: +16.82019 Q4 · CFO: +13.22020 Q1 · CFO: +16.22020 Q2 · CFO: +7.02020 Q3 · CFO: +24.42020 Q4 · CFO: +13.02021 Q1 · CFO: +18.42021 Q2 · CFO: +22.72021 Q3 · CFO: +22.42021 Q4 · CFO: +15.22022 Q1 · CFO: +13.32022 Q2 · CFO: +4.72022 Q3 · CFO: +2.52022 Q4 · CFO: +12.12023 Q1 · CFO: +7.32023 Q2 · CFO: +8.22023 Q3 · CFO: +8.72023 Q4 · CFO: +14.82024 Q1 · CFO: +17.72024 Q2 · CFO: +15.22024 Q3 · CFO: +22.12024 Q4 · CFO: +12.72025 Q1 · CFO: +14.12025 Q2 · CFO: +16.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-50-25+0+25+502006 Q12008 Q42011 Q42014 Q22016 Q42019 Q22021 Q42024 Q22006 Q1 · Prepared remarks: +20.42006 Q2 · Prepared remarks: +23.72006 Q3 · Prepared remarks: +27.12006 Q4 · Prepared remarks: +21.82007 Q1 · Prepared remarks: +10.42007 Q3 · Prepared remarks: +18.22007 Q4 · Prepared remarks: +20.72008 Q1 · Prepared remarks: +11.02008 Q2 · Prepared remarks: +13.42008 Q3 · Prepared remarks: +12.12008 Q4 · Prepared remarks: +2.42009 Q1 · Prepared remarks: -13.92009 Q2 · Prepared remarks: +1.62009 Q3 · Prepared remarks: +12.92009 Q4 · Prepared remarks: +22.02010 Q1 · Prepared remarks: +18.02010 Q2 · Prepared remarks: +11.22011 Q1 · Prepared remarks: +16.82011 Q2 · Prepared remarks: +15.52011 Q3 · Prepared remarks: +1.72011 Q4 · Prepared remarks: +8.52012 Q1 · Prepared remarks: +7.52012 Q2 · Prepared remarks: +12.92012 Q3 · Prepared remarks: +7.12012 Q4 · Prepared remarks: +16.62013 Q1 · Prepared remarks: +27.42013 Q2 · Prepared remarks: +30.82013 Q3 · Prepared remarks: +39.82013 Q4 · Prepared remarks: +30.52014 Q1 · Prepared remarks: +34.12014 Q2 · Prepared remarks: +31.42014 Q3 · Prepared remarks: +35.52014 Q4 · Prepared remarks: +43.52015 Q1 · Prepared remarks: +24.22015 Q2 · Prepared remarks: +23.92015 Q3 · Prepared remarks: +23.22015 Q4 · Prepared remarks: +32.92016 Q1 · Prepared remarks: +27.92016 Q2 · Prepared remarks: +34.12016 Q3 · Prepared remarks: +33.12016 Q4 · Prepared remarks: +28.52017 Q1 · Prepared remarks: +27.22017 Q2 · Prepared remarks: +30.12017 Q3 · Prepared remarks: +33.32017 Q4 · Prepared remarks: +32.42018 Q1 · Prepared remarks: +19.72018 Q2 · Prepared remarks: +16.52018 Q3 · Prepared remarks: +17.62018 Q4 · Prepared remarks: +14.72019 Q1 · Prepared remarks: +12.42019 Q2 · Prepared remarks: +11.72019 Q3 · Prepared remarks: +16.92019 Q4 · Prepared remarks: +22.02020 Q1 · Prepared remarks: +23.02020 Q2 · Prepared remarks: +12.92020 Q3 · Prepared remarks: +22.22020 Q4 · Prepared remarks: +20.32021 Q1 · Prepared remarks: +21.72021 Q2 · Prepared remarks: +17.52021 Q3 · Prepared remarks: +21.22021 Q4 · Prepared remarks: +33.12022 Q1 · Prepared remarks: +17.42022 Q2 · Prepared remarks: +11.22022 Q3 · Prepared remarks: +11.12022 Q4 · Prepared remarks: +14.22023 Q1 · Prepared remarks: +14.62023 Q2 · Prepared remarks: +19.82023 Q3 · Prepared remarks: +28.72023 Q4 · Prepared remarks: +20.42024 Q1 · Prepared remarks: +30.12024 Q2 · Prepared remarks: +24.72024 Q3 · Prepared remarks: +30.12024 Q4 · Prepared remarks: +27.52025 Q1 · Prepared remarks: +24.72025 Q2 · Prepared remarks: +27.62006 Q1 · Q&A responses: +6.02006 Q2 · Q&A responses: +14.82006 Q3 · Q&A responses: +5.62006 Q4 · Q&A responses: +4.32007 Q1 · Q&A responses: +4.32007 Q3 · Q&A responses: +6.32007 Q4 · Q&A responses: +7.52008 Q1 · Q&A responses: +2.02008 Q2 · Q&A responses: +8.22008 Q3 · Q&A responses: +8.32008 Q4 · Q&A responses: +5.52009 Q1 · Q&A responses: -1.62009 Q2 · Q&A responses: +8.82009 Q3 · Q&A responses: +6.92009 Q4 · Q&A responses: +3.22010 Q1 · Q&A responses: +5.92010 Q2 · Q&A responses: +4.92011 Q1 · Q&A responses: +16.22011 Q2 · Q&A responses: +9.02011 Q3 · Q&A responses: +0.52011 Q4 · Q&A responses: +6.72012 Q1 · Q&A responses: +9.72012 Q2 · Q&A responses: +7.52012 Q3 · Q&A responses: -1.62012 Q4 · Q&A responses: +21.52013 Q1 · Q&A responses: +23.92013 Q2 · Q&A responses: +9.72013 Q3 · Q&A responses: +19.32013 Q4 · Q&A responses: +19.62014 Q1 · Q&A responses: +13.72014 Q2 · Q&A responses: +21.42014 Q3 · Q&A responses: +21.62014 Q4 · Q&A responses: +21.42015 Q1 · Q&A responses: +13.32015 Q2 · Q&A responses: +23.92015 Q3 · Q&A responses: +11.22015 Q4 · Q&A responses: +26.22016 Q1 · Q&A responses: +24.02016 Q2 · Q&A responses: +24.42016 Q3 · Q&A responses: +27.82016 Q4 · Q&A responses: +11.82017 Q1 · Q&A responses: +18.62017 Q2 · Q&A responses: +13.12017 Q3 · Q&A responses: +15.82017 Q4 · Q&A responses: +24.32018 Q1 · Q&A responses: +20.32018 Q2 · Q&A responses: +17.22018 Q3 · Q&A responses: +15.02018 Q4 · Q&A responses: +10.22019 Q1 · Q&A responses: +13.72019 Q2 · Q&A responses: +14.62019 Q3 · Q&A responses: +22.52019 Q4 · Q&A responses: +17.92020 Q1 · Q&A responses: +16.22020 Q2 · Q&A responses: +17.32020 Q3 · Q&A responses: +17.32020 Q4 · Q&A responses: +23.22021 Q1 · Q&A responses: +21.92021 Q2 · Q&A responses: +29.02021 Q3 · Q&A responses: +26.42021 Q4 · Q&A responses: +13.42022 Q1 · Q&A responses: +13.02022 Q2 · Q&A responses: +6.82022 Q3 · Q&A responses: +4.22022 Q4 · Q&A responses: +11.52023 Q1 · Q&A responses: +6.82023 Q2 · Q&A responses: +14.72023 Q3 · Q&A responses: +11.52023 Q4 · Q&A responses: +16.92024 Q1 · Q&A responses: +21.62024 Q2 · Q&A responses: +18.82024 Q3 · Q&A responses: +26.22024 Q4 · Q&A responses: +19.42025 Q1 · Q&A responses: +21.82025 Q2 · Q&A responses: +20.7
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.51$5.42$10.322006 Q12008 Q42011 Q42014 Q22016 Q42019 Q22021 Q42024 Q22014 Q1: $1.192014 Q2: $1.262014 Q3: $1.332014 Q4: $1.342015 Q1: $1.362015 Q2: $1.402015 Q3: $1.352015 Q4: $1.262016 Q1: $1.452016 Q2: $1.742016 Q3: $2.222016 Q4: $2.422017 Q1: $2.732017 Q2: $3.182017 Q3: $3.582017 Q4: $4.092018 Q1: $4.512018 Q2: $4.642018 Q3: $4.402018 Q4: $3.582019 Q1: $3.312019 Q2: $3.412019 Q3: $3.322019 Q4: $3.872020 Q1: $4.362020 Q2: $4.122020 Q3: $4.572020 Q4: $5.042021 Q1: $6.142021 Q2: $7.112021 Q3: $7.902021 Q4: $8.282022 Q1: $8.682022 Q2: $8.332022 Q3: $7.922022 Q4: $6.732023 Q1: $6.972023 Q2: $7.162023 Q3: $7.852023 Q4: $7.922024 Q1: $8.792024 Q2: $9.262024 Q3: $9.652024 Q4: $9.62

Forward P/E

7.3617.7728.192006 Q12008 Q42011 Q42014 Q22016 Q42019 Q22021 Q42024 Q22014 Q1: 16.352014 Q2: 17.802014 Q3: 16.932014 Q4: 18.292015 Q1: 17.852015 Q2: 13.922015 Q3: 11.932015 Q4: 14.662016 Q1: 13.882016 Q2: 13.652016 Q3: 13.272016 Q4: 13.302017 Q1: 14.252017 Q2: 13.832017 Q3: 12.892017 Q4: 12.412018 Q1: 13.342018 Q2: 10.982018 Q3: 8.882018 Q4: 8.802019 Q1: 11.662019 Q2: 12.462019 Q3: 15.692019 Q4: 15.622020 Q1: 8.982020 Q2: 14.552020 Q3: 12.372020 Q4: 17.562021 Q1: 19.532021 Q2: 19.272021 Q3: 17.872021 Q4: 18.572022 Q1: 15.042022 Q2: 11.702022 Q3: 11.442022 Q4: 16.282023 Q1: 17.002023 Q2: 19.732023 Q3: 18.432023 Q4: 19.812024 Q1: 22.812024 Q2: 26.752024 Q3: 19.292024 Q4: 17.20

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q1 tone ↓ -9.8 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↑ +13.2 fwd EPS ↓ -0.09 Tone rose while the forward EPS estimate was cut.
  • 2016 Q1 tone ↓ -5.2 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -7.7 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -5.3 fwd EPS ↑ +0.42 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -4.1 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↑ +8.0 fwd EPS ↓ -0.09 Tone rose while the forward EPS estimate was cut.
  • 2019 Q4 tone ↓ -3.5 fwd EPS ↑ +0.54 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -12.0 fwd EPS ↑ +0.37 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +3.9 fwd EPS ↓ -1.19 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↓ -2.3 fwd EPS ↑ +0.47 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-05-15+14.4——View →
2025 Q12025-02-13+11.9——View →
2024 Q42024-11-14+14.0$9.6217.2View →
2024 Q32024-08-15+17.4$9.6519.3View →
2024 Q22024-05-16+10.9$9.2626.8View →
2024 Q12024-02-15+13.2$8.7922.8View →
2023 Q42023-11-16+8.9$7.9219.8View →
2023 Q32023-08-17+13.6$7.8518.4View →