Applied Materials Reports Q3 Revenue Up 25% YoY to $9.12B and Net Income Up 43% to $2.54B
Macro·2 articles across 2 outlets
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Applied Materials beat analyst estimates for its fiscal third quarter, reporting revenue of $9.12 billion, up 25% year-over-year, compared to the $8.99 billion estimate. The company's net income also rose 43% to $2.54 billion, and it forecasts Q4 revenue above estimates as it looks to ramp up manufacturing capacity to meet continued semiconductor solutions.
Despite the positive results and guidance, AMAT stock slid following the announcement, indicating market reactions may not align with the strong earnings performance.
Applied Materials
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SourceReports the news
“Applied Materials beat analyst estimates for its fiscal third quarter and with its guidance for fiscal Q4.”
IBD — Applied Materials Edges Above Views With Fiscal Q3 Results, Outlook“Elias Schisgall / Wall Street Journal: Applied Materials reports Q3 revenue up 25% YoY to $9.12B, vs.”
techmeme — Applied Materials reports Q3 revenue up 25% YoY to $9.12B, vs. $8.99B est., net income up 43% to $2.54B, and forecasts Q4 revenue above estimates (Elias Schisgall/Wall Street Journal)