Applied Materials Reports Solid Q3, but Outlook Fails to Dazzle
TL;DR
Applied Materials topped fiscal Q3 with adjusted earnings of $3.50 per share on revenue of $9.12 billion, beating estimates, while GAAP earnings were $3.17 due to a $220 million unrealized investment loss. For Q4, the company guided about $10.25 billion in revenue and $4.02 in adjusted earnings per share, signaling a high bar as AI-driven capital spending remains robust. The stock fell roughly 5% in after‑hours trading as investors weighed the beat against lofty guidance and competitive pressure in the semiconductor‑equipment space.
- Applied Materials Stock Falls After Earnings Weren’t Quite Good Enough Barron's
- Applied Materials forecasts revenue above estimates, shares fall on high expectations Reuters
- Earnings live updates: Applied Materials stock falls after solid earnings fail to impress Yahoo Finance
- Applied Materials Earnings: Momentum Continues as AI Equipment Demand Keeps Accelerating Morningstar
- Applied Materials Forecast Gets Tepid Reaction After Rally Bloomberg.com
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