Key insights
- Applied Materials (AMAT) reported strong Q3 results, beating EPS and revenue estimates. The company also provided Q4 guidance that was largely in line with consensus, with revenue slightly above expectations. This positive performance from a key semiconductor equipment supplier suggests continued demand in the sector, which could be a tailwind for related technology stocks.
Investing.com - Applied Materials (NASDAQ: AMAT) reported third quarter EPS of $2.12, $0.09 better than the analyst estimate of $2.03. Revenue for the quarter came in at $6.78B versus the consensus estimate of $6.68B.
Applied Materials sees Q4 2024 EPS of $2.00-$2.36 versus the analyst consensus of $2.14.
Applied Materials sees Q4 2024 revenue of $6.93B versus the analyst consensus of $6.91B.
Applied Materials's stock price closed at $211.83. It is down -0.12% in the last 3 months and up 53.22% in the last 12 months.
Applied Materials saw 18 positive EPS revisions and 4 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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