Applied Materials: Q2 EPS up 8%
(CercleFinance.com) - On Thursday night Applied Materials reported non-GAAP EPS that is up 8% to $2 for Q2 2022-23, albeit with a non-GAAP operating margin that is down 1.
5 point to 29.1%, while revenue increased 6% to $6.63bn.
"With revenues and earnings in the high-end of our guidance range, and we expect to outperform our markets in 2023," said Gary Dickerson, the semiconductor equipment maker's CEO.
"Our longer-term outlook is very positive as semiconductors become a larger and more strategically important market globally and major technology inflections are enabled by materials engineering, creating outsized growth opportunities for Applied," he continued.
For Q3, Applied Materials says it expects revenue of about $6.15bn, give or take $400m, with adjusted EPS of $1.56 to $1.92.
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5 point to 29.1%, while revenue increased 6% to $6.63bn.
"With revenues and earnings in the high-end of our guidance range, and we expect to outperform our markets in 2023," said Gary Dickerson, the semiconductor equipment maker's CEO.
"Our longer-term outlook is very positive as semiconductors become a larger and more strategically important market globally and major technology inflections are enabled by materials engineering, creating outsized growth opportunities for Applied," he continued.
For Q3, Applied Materials says it expects revenue of about $6.15bn, give or take $400m, with adjusted EPS of $1.56 to $1.92.
Copyright (c) 2023 CercleFinance.com. All rights reserved.