Key insights
- Applied Materials (AMAT) reported strong Q4 earnings and revenue, beating analyst estimates. The company also provided an optimistic Q1 2024 outlook, with EPS and revenue guidance exceeding consensus. This positive performance and forward-looking guidance suggest continued strength in the semiconductor equipment sector, potentially providing a tailwind for related technology stocks.
Investing.com - Applied Materials (NASDAQ: AMAT) reported fourth quarter EPS of $2.12, $0.13 better than the analyst estimate of $1.99. Revenue for the quarter came in at $6.72B versus the consensus estimate of $6.52B.
Applied Materials sees Q1 2024 EPS of $1.72-$2.08 versus the analyst consensus of $1.69.
Applied Materials sees Q1 2024 revenue of $6.07B-$6.87B versus the analyst consensus of $5.86B.
Applied Materials's stock price closed at $154.81. It is up 8.52% in the last 3 months and up 48.21% in the last 12 months.
Applied Materials saw 23 positive EPS revisions and 0 negative EPS revisions in the last 90 days. See Applied Materials's stock price’s past reactions to earnings here.
According to InvestingPro, Applied Materials's Financial Health score is "great performance".
Check out Applied Materials's recent earnings performance, and Applied Materials's financials here.
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