Applied Materials Inc reports results for the quarter ended July 31 - Earnings Summary
Applied Materials Inc reports results for the quarter ended July 31 - Earnings Summary
Applied Materials Inc AMAT.OQ reported quarterly adjusted earnings of $3.50 per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of $2.48. The mean expectation of twenty eight analysts for the quarter was for earnings of $3.39 per share. Wall Street expected results to range from $3.21 to $3.56 per share.
Revenue rose 24.8% to $9.12 billion from a year ago; analysts expected $8.99 billion.
Applied Materials Inc's reported EPS for the quarter was $3.17.
The company reported quarterly net income of $2.54 billion.
Applied Materials Inc shares had fallen by 24.2% this quarter and gained 113.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 8.8% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 34 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"
Wall Street's median 12-month price target for Applied Materials Inc is $650.00, about 15.7% above its last closing price of $548.15
This summary was machine generated from LSEG data August 13 at 09:00 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jul. 31 2026 | 3.39 | 3.50 | Beat |
Apr. 30 2026 | 2.66 | 2.86 | Beat |
Jan. 31 2026 | 2.20 | 2.38 | Beat |
Oct. 31 2025 | 2.09 | 2.17 | Beat |