Applied Materials: Q1 EPS up 5%

(CercleFinance.com) - On Thursday evening Applied Materials reported non-GAAP EPS that is up 5% at $2.
13 for Q1 2023-24, with a stable adjusted operating margin at 29.5% on sluggish revenues of $6.71bn.

Our leadership positions in key inflections support continued to outperform as customers accelerate next-generation chip technologies critical to AI and IoT in the coming years, management says.

For Q2, the semiconductor industry equipment maker expects non-GAAP EPS of between $1.79 and $2.15, and revenues of around $6.50bn (plus or minus $400m).


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