Applied Materials: tops quarterly targets

(CercleFinance.com) - Applied Materials reported non-GAAP EPS of $1.
90 on Thursday evening, down 2% y-o-y, with its adjusted operating margin falling 1.7 points to 28.3% on sales that fell 1% to $6.43bn.

The semiconductor equipment supplier thus performed at the top end of its forecasts provided three months ago, i.e. adjusted EPS of $1.56 to $1.92, and revenues of around $6.15bn, at around $400m.

Management said that in recent years, it has focused on key technologies to accelerate the Internet of Things and AI era, which prepares it for sustainable outperformance.

For Q4 2022-23, Applied Materials expects adjusted EPS of between $1.82 and $2.18, as well as revenues of around $6.51bn, give or take $400m.


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