Report published August 13, 2026
Goldman Sachs US TMT Quick Hits: AMAT Earnings Beat & Software Subsector Rebound
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- August 13, 2026
- Analysis as of
- Not stated in source
Authors / editors: Peter Callahan (Author)
Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
The Nasdaq-100 rose 115 bps to reach 11% off its July lows, driven by gains in software and memory stocks. Applied Materials posted a beat-and-raise F3Q after market close, while market odds of a September Fed rate hike fell to 33%.
Key Takeaways
- 1.The Nasdaq-100 (NDX) rose 115 bps as tech stocks continued to rally 11% off July lows, leaving the index 2% away from new all-time highs while trading at ~22.5x forward P/E.
- 2.Applied Materials (AMAT) reported F3Q revenue of $9.12bn and guided F4Q revenue to $10.25bn (above consensus of ~$9.6bn), noting high visibility into 2027 growth.
- 3.The software sector rebounded to flat YTD, led by massive gains in Security (+80-100%) and Consumption (+50-80%), though major SaaS names remain heavy YTD laggards.
Table of Contents
- Software
- AMAT -4% AHs
- charts & stocks in focus
- What hike?
- Closing the gap
- NVDA
- NDX
Report data
Bloomberg WIRP Screen: World Interest Rate Probabilities
| Metric | Estimate | Context |
|---|---|---|
| NDX Daily Return | 1.15% | NDX performance on August 13, 2026 |
| AMAT F3Q Revenue | 9.12 USD Billion | AMAT F3Q revenue vs consensus ~$9.02bn |
| AMAT F4Q Revenue Guidance | 10.25 USD Billion | AMAT guided F4Q revenue above consensus ~$9.6bn |
| September FOMC Rate Hike Implied Probability | 33.3% | Market odds of Fed rate hike at September meeting per Bloomberg WIRP |
| NDX Forward P/E | 22.5 x | NDX forward P/E multiple vs 5-year average of ~25x |
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US TMT Quick Hits is shown in chronological order through this edition, published on August 13, 2026.
Part of the US TMT Quick Hits series — view all 6 editions
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Authors / Editors
Reported Data Context
- NDX Daily Return: 1.15 % (2026-08-13)
- AMAT F3Q Revenue: 9.12 USD Billion (F3Q 2026)
- AMAT F4Q Revenue Guidance: 10.25 USD Billion (F4Q 2026)
- September FOMC Rate Hike Implied Probability: 33.3 % (2026-08-13) · Source: Bloomberg
- NDX Forward P/E: 22.5 x (2026-08-13) · Source: Goldman Sachs FICC & Equities, Bloomberg
Securities
Themes
Regions
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