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Applied Materials(AMAT) - 2024 Q3 - Quarterly Results
2024-08-15 20:04
Exhibit 99.1 APPLIED MATERIALS ANNOUNCES THIRD QUARTER 2024 RESULTS • Revenue $6.78 billion, up 5 percent year over year • GAAP operating margin 28.7 percent and non-GAAP operating margin 28.8 percent, up 0.7 points and 0.5 points year over year, respectively • GAAP EPS $2.05 and non-GAAP EPS $2.12, up 11 percent and 12 percent year over year, respectively • Generated $2.39 billion in cash from operations SANTA CLARA, Calif., Aug. 15, 2024 — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for ...
Applied Materials Announces Third Quarter 2024 Results
GlobeNewswire News Room· 2024-08-15 20:01
Revenue $6.78 billion, up 5 percent year over yearGAAP operating margin 28.7 percent and non-GAAP operating margin 28.8 percent, up 0.7 points and 0.5 points year over year, respectivelyGAAP EPS $2.05 and non-GAAP EPS $2.12, up 11 percent and 12 percent year over year, respectivelyGenerated $2.39 billion in cash from operations SANTA CLARA, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its third quarter ended Jul. 28, 2024. Third Quarter Results ...
Applied Materials, Inc. (AMAT) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
GlobeNewswire News Room· 2024-08-15 20:00
NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Applied Materials, Inc. (“Applied Materials” or “the Company”) (NASDAQ: AMAT). Investors who purchased Applied Materials securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/AMAT. Investigation Details On November 16, 2023, Reuters reported that Applied Materials was under c ...
NASDAQ: AMAT Investigation Reminder: Kessler Topaz Meltzer & Check, LLP Encourages Applied Materials, Inc. (NASDAQ: AMAT) Investors with Significant Losses to Contact the Firm
GlobeNewswire News Room· 2024-08-14 20:24
RADNOR, Pa., Aug. 14, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Applied Materials, Inc. (NASDAQ: AMAT) (“Applied Materials”). On November 16, 2023, Reuters reported that Applied Materials was under criminal investigation by the U.S. Justice Department for potentially evading export restrictions on China’s top chipmaker, SMIC. On this news, Applied Material ...
Applied Materials Navigates A Bearish Trend With Bullish Hopes Ahead Of Q3 Earnings
Benzinga· 2024-08-14 15:56
Applied Materials Inc AMAT is up 39.48% over the past year, and 28.21% year-to-date.Let’s look at what the charts indicate for the company’s stock ahead of third-quarter earnings, set to be released on Thursday after market hours.Bearish Trend With Buying PressureApplied Materials’ stock is exhibiting a mixed technical picture. The current share price of $201.21 is below its five, 20 and 50-day exponential moving averages, indicating a strongly bearish trend. Despite this, Applied Materials’ stock is showin ...
NASDAQ: AMAT Investigation Notice: Kessler Topaz Meltzer & Check, LLP Encourages Applied Materials, Inc. (NASDAQ: AMAT) Investors with Significant Losses to Contact the Firm
Prnewswire· 2024-08-14 13:15
RADNOR, Pa., Aug. 14, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Applied Materials, Inc. (NASDAQ: AMAT) ("Applied Materials").On November 16, 2023, Reuters reported that Applied Materials was under criminal investigation by the U.S. Justice Department for potentially evading export restrictions on China's top chipmaker, SMIC. On this news, Applied Materials' s ...
Applied Materials (AMAT) to Post Q3 Earnings: Should You Buy or Hold?
ZACKS· 2024-08-13 16:36
Applied Materials (AMAT) is scheduled to report third-quarter fiscal 2024 results on Aug 15.For the fiscal third quarter, AMAT expects net sales of $6.65 billion (+/-$400 million). The Zacks Consensus Estimate for revenues is pegged at $6.67 billion, suggesting a rise of 3.8% from the year-ago quarter’s reading.Applied Materials projects non-GAAP earnings of $1.83-$2.19 per share. The Zacks Consensus Estimate for earnings is pinned at $2.01 per share, indicating growth of 5.8% from the year-ago quarter’s re ...
3 Semiconductor Stocks to Buy on the Dip: August 2024
Investor Place· 2024-08-13 11:00
Before considering which semiconductor stocks to buy on the dip, it’s important to understand why chip stocks have been falling since the beginning of July. Consider three intertwined reasons. First, recession concerns are back. The latest job numbers show a tightening labor market, and the July reading on inflation is due the week of August 12. Global markets are starting to believe that the U.S. Federal Reserve won’t be able to cut interest rates quickly enough to prevent a recession. Geopolitical concern ...
Unveiling Applied Materials (AMAT) Q3 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2024-08-12 14:15
Analysts on Wall Street project that Applied Materials (AMAT) will announce quarterly earnings of $2.01 per share in its forthcoming report, representing an increase of 5.8% year over year. Revenues are projected to reach $6.67 billion, increasing 3.8% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a com ...
What You Need To Know Ahead of Applied Materials' Earnings
Investopedia· 2024-08-09 18:55
Analyst Estimates for Q3 2024 Q2 2024 Q3 2023Revenue $6.69 billion $6.65 billion $6.43 billionDiluted Earnings Per Share $2 $2.06 $1.85Net Income $1.67 billion $1.72 billion $1.56 billion Key Metrics: China Sales Applied Materials will report how much of its sales came from the China market, which could provide investors greater insight into how geopolitical tensions and potentially tighter curbs on exports to China could affect the company. Analysts anticipate revenue for the China region will be $2.3 ...