Applied Materials beats Q1 expectations and forecasts strong Q2; analyst flags rising backlog

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Go back to Applied Materials beats Q1 expectations and forecasts strong Q2; analyst flags rising backlog

Applied Materials (AMAT) PT Raised to $135 at Needham & Company as ICAPS 'stole the show'

February 17, 2023 6:48 AM EST

Needham & Company analyst N. Quinn Bolton raised the price target on Applied Materials (NASDAQ: AMAT) to $135.00 (from $120.00) while maintaining a Buy rating following the results.

The analyst commented, "AMAT's F1Q23 report was in-line, but ICAPS stole the show. Key points: 1)... More

Applied Materials (AMAT) PT Raised to $150 at B.Riley

February 17, 2023 4:02 AM EST

B.Riley analyst Craig Ellis raised the price target on Applied Materials (NASDAQ: AMAT) to $150.00 (from $140.00) while maintaining a Buy rating.... More

Applied Materials (AMAT) Tops Q1 EPS by 10c, Offers Guidance

February 16, 2023 4:03 PM EST

Applied Materials (NASDAQ: AMAT) reported Q1 EPS of $2.03, $0.10 better than the analyst estimate of $1.93. Revenue for the quarter came in at $6.74 billion versus the consensus estimate of $6.69 billion.

GUIDANCE:

Applied Materials sees Q2 2023 EPS of $1.66-$2.02, versus the consensus of... More