Applied Materials Guides 4Q Revenue to $10.25B, Above Consensus
AMAT has more than doubled off its 52-week low of $154.465.
Summary
Applied Materials issued 4Q revenue guidance of $10.25B, plus or minus $500M, and 4Q adjusted EPS guidance of $4.02, plus or minus 20 cents. The midpoint implies roughly 30% sequential growth from Q2's $7.91B, reflecting strong demand and the company's extended lead times. The company posted higher 3Q profit and revenue on continued AI demand. The guidance follows the CEO's June comments about eight-quarter lead times and the $5B R&D center announcement, reinforcing the company's capacity expansion narrative.
At the time of this announcement, AMAT was trading at $523.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $424.4B. The 52-week trading range was $154.47 to $739.67. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.