Applied Materials Q3 revenue beats on AI demand
AMAT•Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q3 Sales | Beat | $9.12 bln | $8.99 bln (26 Analysts) |
| Q3 Adjusted EPS | Beat | $3.50 | $3.39 (26 Analysts) |
| Q3 EPS | $3.17 | ||
| Q3 Adjusted Net Income | Beat | $2.80 bln | $2.70 bln (23 Analysts) |
| Q3 Net Income | $2.54 bln | ||
| Q3 Adjusted Free Cash Flow | $2.33 bln | ||
| Q3 Adjusted Gross Margin | 50.40% | ||
| Q3 Adjusted Operating Margin | 34.00% |
Result drivers
- AI DEMAND - Co said rapid global adoption of AI is driving unprecedented demand for its materials engineering solutions
- SEMICONDUCTOR SYSTEMS GROWTH - Co highlighted strong growth in DRAM, foundry-logic and advanced packaging as key revenue drivers
- NEW PRODUCTS - Co introduced six new chipmaking systems for DRAM and advanced packaging, supporting next-generation chip production
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 34 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
Related News
flyExclusive forecasts Q3 adjusted EBITDA of $5 million-$7 million
FLYX•
NeOnc Technologies releases transcript of investor call on NEO100-01 Phase 2a trial results in recurrent IDH1-mutant high-grade glioma
NTHI•
