Applied Materials beats Q1 expectations and forecasts strong Q2; analyst flags rising backlog
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Applied Materials (AMAT) PT Raised to $135 at Needham & Company as ICAPS 'stole the show'
February 17, 2023 6:48 AM ESTNeedham & 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 ESTB.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 ESTApplied 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
