Applied Materials reported strong Q3 financial results with revenue up 25% to $9.12 billion and adjusted EPS rising 41% to $3.50, beating Wall Street estimates. However, the stock fell over 5% after earnings due to market expectations being even higher following a rally in 2026. An analyst from Bernstein raised the price target from $675 to $700, signaling about 31% upside from the current price of $534.54. The company projects strong Q4 revenue of $10.25 billion and adjusted EPS of $4.02, driven by robust performance in its Semiconductor Systems division, supporting a bullish outlook despite the recent stock dip.
Michael Burry, known for his contrarian bets, has increased his short positions on Micron Technology and the Invesco QQQ Trust despite current losses. Micron's stock has surged over 238% this year due to strong demand in the memory chip sector, but B...
Applied Materials reported Q3 revenue of $9.12 billion, up 25% year-over-year, beating estimates, with adjusted EPS of $3.50, a 41% increase. The company gave a strong Q4 revenue forecast of $10.25 billion, well above expectations, driven by growth i...
Applied Materials reported record fiscal Q3 revenue of $9.1 billion and EPS of $3.50, beating expectations with strong growth in semiconductor systems and DRAM revenue. However, shares fell 5.7% premarket as Q4 revenue and margin guidance, while stro...
Applied Materials reported its fifth consecutive earnings beat with record revenue of $9.12 billion, driven by strong demand for semiconductor equipment used in AI chip production. Despite this, shares fell 2.48% as investors question if the AI-drive...
Applied Materials reported record third-quarter results and issued a fourth-quarter revenue guidance of $10.25 billion, significantly exceeding analyst expectations. The company reduced its revenue dependence on China to 26%, lowering geopolitical ri...
