Applied Materials: Q3 EPS up 12%

(CercleFinance.com) - On Thursday evening, Applied Materials reported a 12% increase in Q3 non-GAAP EPS to $2.
12, with a half-point improvement in its non-GAAP operating margin to 28.8%, on revenues that rose 5% to $6.78bn.

The California-based group thus achieved non-GAAP EPS at the top end of its target range of $1.83 to $2.19, as well as record sales, which it had expected to be around $6.65bn, give or take $400m.

The race for leadership in AI is fueling demand for our unique and connected portfolio of products and services, positioning Applied to outperform our markets over the longer term, management says.

For Q4 2023-24, the semiconductor industry equipment supplier anticipates non-GAAP EPS of between $2 and $2.36, as well as sales of around $6.93bn, give or take $400m.


Copyright (c) 2024 CercleFinance.com. All rights reserved.