Key insights
- Applied Materials (AMAT) reported strong Q1 earnings and revenue, beating analyst estimates. The company also provided an optimistic Q2 outlook, with both EPS and revenue guidance exceeding consensus. This positive performance, coupled with a history of upward EPS revisions and a "great performance" financial health score, suggests continued strength in the semiconductor sector and may provide a bullish signal for related technology stocks.
Investing.com - Applied Materials (NASDAQ: AMAT) reported first quarter EPS of $2.13, $0.23 better than the analyst estimate of $1.90. Revenue for the quarter came in at $6.71B versus the consensus estimate of $6.48B.
Applied Materials sees Q2 2024 EPS of $1.79-$2.15 versus the analyst consensus of $1.78.
Applied Materials sees Q2 2024 revenue of $6.50B versus the analyst consensus of $6.33B.
Applied Materials's stock price closed at $187.66. It is up 26.29% in the last 3 months and up 62.63% in the last 12 months.
Applied Materials saw 14 positive EPS revisions and 6 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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