Applied Materials (AMAT) Tops Q2 EPS by 8c; Guides In-Line

(Updated - May 17, 2018 4:04 PM EDT)

Applied Materials (NASDAQ: AMAT) reported Q2 EPS of $1.22, $0.08 better than the analyst estimate of $1.14. Revenue for the quarter came in at $4.57 billion versus the consensus estimate of $4.45 billion.

“Applied’s performance in the second fiscal quarter was another all-time record for the company, which demonstrates strong execution and customer pull for materials solutions that help accelerate roadmaps and bring new devices to market faster,” said Gary Dickerson, president and CEO. “Applied has the broadest opportunity across major technology trends, and our markets are strong, with long-term growth drivers firmly in place.”

In the third quarter of fiscal 2018, Applied expects net sales to be in the range of $4.33 billion to $4.53 billion; the midpoint of the range would be an increase of approximately 18 percent, year over year. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.13 to $1.21; the midpoint of the range would be an increase of approximately 36 percent, year over year. (*** the consensus is $4.53 billion and $1.16)

For earnings history and earnings-related data on Applied Materials (AMAT) click here.

You May Also Be Interested In

• Raymond James cuts Delta and JetBlue ratings ahead of Q2 earnings
• JPMorgan on Tesla (TSLA): 'Strong 2Q Deliveries Beat Coincides with FSD Progress That Should Drive Positive Feedback Loops'
• Proto Labs (PRLB) PT Raised to $91 at Benchmark on Meeting and Exceeding Previous Target