Applied Materials(AMAT)
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The Rebound is on for Applied Materials Stock Price
MarketBeat· 2024-08-19 13:11
Applied Materials NASDAQ: AMAT stock price is rebounding now that the Q3 results are in. The report's takeaway is that outperformance in Q3 was compounded by better-than-feared guidance and shows strengthening in all end markets. Strength is driven by the push for AI, which has gripped global technology markets. Applied Materials is ideally situated to continue capturing that strength because of its leadership position in semiconductor equipment and adjacent markets, including memory and display technology. ...
Time To Get Out Of Applied Materials
Seeking Alpha· 2024-08-17 14:37
Sundry Photography The semiconductor stocks as a group have been hammered in the past few weeks. Even leaders like NVIDIA (NVDA) lost massive portions of their value into the early-August low, but the group has surged once again since then. Whether this is a bounce or the start of a new, sustained rally remains to be seen. In this article, we’ll take a fresh look at Applied Materials (NASDAQ:AMAT), which reported third quarter earnings on the 15th. The last time I covered AMAT I came to the conclusion t ...
Applied Materials Positioned For 2025 Growth Despite Soft China Revenue And Light Q4 Guidance, Analysts Say
Benzinga· 2024-08-16 18:26
Applied Materials, Inc AMAT stock declined on Friday after the company reported upbeat third-quarter earnings on Thursday.The results came amid an exciting earnings season. Here are some key analyst takeaways.Applied Materials reported third-quarter revenue of $6.78 billion, beating the analyst consensus estimate of $6.67 billion. The company reported adjusted EPS of $2.12, beating analyst consensus estimates of 2.02.Also Read: Applied Materials Stock Drops After Chips Act Denies FundingNeedham analyst Char ...
Applied Materials (AMAT) Q3 Earnings & Revenues Top Estimates
ZACKS· 2024-08-16 12:55
Applied Materials Inc. (AMAT) reported third-quarter fiscal 2024 non-GAAP earnings of $2.12 per share, which surpassed the Zacks Consensus Estimate by 5.5%. Moreover, the figure improved 12% from the year-ago quarter.Net revenues of $6.78 billion were up 5% from the year-ago quarter. The figure surpassed the consensus estimate by 1.6%.Strong momentum in the Display and Adjacent Markets and Applied Global Services (AGS) segments was a positive. The Semiconductor Systems segment’s enhanced performance contri ...
Applied Materials(AMAT) - 2024 Q3 - Earnings Call Transcript
2024-08-15 23:18
Applied Materials, Inc. (NASDAQ:AMAT) Q3 2024 Earnings Conference Call August 15, 2024 4:30 PM ET Company Participants Michael Sullivan - Corporate Vice President Gary Dickerson - President & Chief Executive Officer Brice Hill - Chief Financial Officer Conference Call Participants CJ Muse - Cantor Fitzgerald Stacy Rasgon - Bernstein Research Srini Pajjuri - Raymond James Vivek Arya - Bank of America Securities Chris Caso - Wolfe Research Krish Sankar - TD Cowen Joseph Moore - Morgan Stanley Joe Quatrochi - ...
Big Trading Day Partially Fills Last Week's Holes
ZACKS· 2024-08-15 23:11
Thursday, August 15th, 2024Another big day for the major market indexes. Robust data on Retail Sales, Exports and better-than-expected Jobless Claims all demonstrate that recession fears in the market had gotten ahead of themselves. Even with the idea that a 50 basis point (bps) rate cut by the Fed next month may be off the table — in favor of a 25 bps cut — markets rallied throughout the day.The Dow closed up +554 points, +1.39%. Yet it is the only major index to have climbed back into positive territory a ...
Compared to Estimates, Applied Materials (AMAT) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-08-15 22:31
For the quarter ended July 2024, Applied Materials (AMAT) reported revenue of $6.78 billion, up 5.5% over the same period last year. EPS came in at $2.12, compared to $1.90 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.67 billion, representing a surprise of +1.63%. The company delivered an EPS surprise of +5.47%, with the consensus EPS estimate being $2.01.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...
Applied Materials (AMAT) Q3 Earnings and Revenues Top Estimates
ZACKS· 2024-08-15 22:15
Applied Materials (AMAT) came out with quarterly earnings of $2.12 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $1.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.47%. A quarter ago, it was expected that this maker of chipmaking equipment would post earnings of $1.97 per share when it actually produced earnings of $2.09, delivering a surprise of 6.09%.Over the last four ...
Applied Materials' Sales Hit Record High Amid AI Race
Investopedia· 2024-08-15 21:42
Key TakeawaysApplied Materials reported stronger-than-expected results for the fiscal third quarter and provided an outlook in line with projections.Quarterly revenue reached a record high and profit topped analysts' estimates.Applied Materials CEO Gary Dickerson said the record revenue was fueled by the race for artificial intelligence leadership. Applied Materials (AMAT) posted stronger-than-expected results for the fiscal third quarter, amid a surge in demand that the company's CEO said was fueled by the ...
Applied Materials(AMAT) - 2024 Q3 - Earnings Call Presentation
2024-08-15 21:11
Third Quarter Fiscal 2024 Earnings Presentation August 15, 2024 Applied Materials External Forward-Looking Statements 2 This presentation contains forward-looking statements, including those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, technology transitions, our business and financial performance and market share positions, our capital allocation and cash deployment strategies, our investment and growth strategies, our development of new produ ...