| | | AMAT getting scalped AH, down to 162 at the moment.
Applied Materials Tops Third-Quarter Views, Offers Downbeat Outlook
MT NEWSWIRES 4:49 PM ET 8/14/2025
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| AMAT | 188.24 | -1.79 (-0.942%) | | QUOTES AS OF 04:00:00 PM ET 08/14/2025 | Symbol Last Price Change
04:49 PM EDT, 08/14/2025 (MT Newswires) -- Applied Materials(AMAT) late Thursday reported stronger-than-expected fiscal third-quarter results, though the semiconductor equipment maker's outlook for the current three-month period trailed Wall Street's estimates.
Adjusted earnings increased to $2.48 per share during the three months ended July 27 from $2.12 a year earlier, compared with the FactSet-polled consensus indicating $2.36. Sales rose 8% to $7.3 billion, higher than the Street's $7.22 billion view.
Sales in the semiconductor systems segment increased to $5.43 billion from $4.92 billion, while applied global services rose to $1.6 billion from $1.58 billion.
"We are currently operating in a dynamic macroeconomic and policy environment, which is creating increased uncertainty and lower visibility in the near term, including for our China business," Chief Executive Gary Dickerson said in a statement. "Despite this, we remain very confident in the longer-term growth opportunities for the semiconductor industry and Applied Materials(AMAT)."
Applied Materials (AMAT) expects fourth-quarter adjusted EPS of $2.11, plus or minus $0.20, on estimated revenue of $6.7 billion, plus or minus $500 million. The consensus is for $2.39 and $7.33 billion, respectively.
"We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and non-linear demand from leading-edge customers given market concentration and fab timing," Chief Financial Officer Brice Hill said.
Applied Materials' (AMAT) shares tumbled 12% in after-hours trading. |
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