Applied Materials: EPS up 5% in Q2

(CercleFinance.com) - Applied Materials reported a 5% increase in non-GAAP EPS to $2.
09 for Q2 on Thursday evening, although a 0.1-point drop in non-GAAP operating margin to 29%, on stable revenues of $6.65bn.

The group continues to perform strongly in 2024, with quarterly sales and earnings near the upper end of our guidance ranges, management said.

Applied Materials has the most favourable portfolio of materials engineering technologies for chips that underpin tectonic shifts in technology, including AI, IoT, electric vehicles and clean energy, it added.

For Q3, the semiconductor industry equipment supplier anticipates non-GAAP EPS of $1.83 to $2.19, as well as sales of around $6.65bn, give or take $400m.


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