Applied Materials (AMAT) Stock Gains 3% on Q1 Results, Q2 Guidance Below Street at the Midpoint

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Go back to Applied Materials (AMAT) Stock Gains 3% on Q1 Results, Q2 Guidance Below Street at the Midpoint

Applied Materials (AMAT) PT Raised to $172 at Needham & Company

February 17, 2022 7:10 AM EST

Needham & Company analyst N. Quinn Bolton raised the price target on Applied Materials (NASDAQ: AMAT) to $172.00 (from $166.00) while maintaining a Buy rating following results.

The analyst commented, "AMAT reported F1Q22 results slightly above consensus, while providing mostly in-line guidance. Key Takeaways: 1)... More

Applied Materials forecasts second-quarter revenue below estimates

February 16, 2022 4:21 PM EST

(Reuters) - Applied Materials Inc forecast second-quarter revenue largely below market estimates on Tuesday, signaling that supply chain woes will hurt its ability to make the equipment that enables semiconductor production.

The company expects revenue of $6.05 billion to $6.65 billion in the quarter, compared with analysts' average estimate of $6.38 billion,... More

Applied Materials (AMAT) Tops Q1 EPS by 3c, Offers Guidance

February 16, 2022 4:02 PM EST

Applied Materials (NASDAQ: AMAT) reported Q1 EPS of $1.89, $0.03 better than the analyst estimate of $1.86. Revenue for the quarter came in at $6.27 billion versus the consensus estimate of $6.17 billion.

GUIDANCE:

Applied Materials sees Q2 2022 EPS of $1.75-$2.05, versus the consensus of $1.94.... More