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Applied Materials (AMAT) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended July 2023, Applied Materials (AMAT - Free Report) reported revenue of $6.43 billion, down 1.5% over the same period last year. EPS came in at $1.90, compared to $1.94 in the year-ago quarter.
The reported revenue represents a surprise of +4.38% over the Zacks Consensus Estimate of $6.16 billion. With the consensus EPS estimate being $1.73, the EPS surprise was +9.83%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Applied Materials performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Corporate and Other: $50 million versus $53.67 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +51.5% change.
Net Sales- Semiconductor Systems: $4.68 billion versus the three-analyst average estimate of $4.50 billion. The reported number represents a year-over-year change of -1.2%.
Net Sales- Display and Adjacent Markets: $235 million compared to the $169.38 million average estimate based on three analysts. The reported number represents a change of -29.4% year over year.
Net Sales- Applied Global Services: $1.46 billion compared to the $1.43 billion average estimate based on three analysts. The reported number represents a change of +3.1% year over year.
Shares of Applied Materials have returned -2.5% over the past month versus the Zacks S&P 500 composite's -2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Applied Materials (AMAT) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended July 2023, Applied Materials (AMAT - Free Report) reported revenue of $6.43 billion, down 1.5% over the same period last year. EPS came in at $1.90, compared to $1.94 in the year-ago quarter.
The reported revenue represents a surprise of +4.38% over the Zacks Consensus Estimate of $6.16 billion. With the consensus EPS estimate being $1.73, the EPS surprise was +9.83%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Applied Materials performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Corporate and Other: $50 million versus $53.67 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +51.5% change.
- Net Sales- Semiconductor Systems: $4.68 billion versus the three-analyst average estimate of $4.50 billion. The reported number represents a year-over-year change of -1.2%.
- Net Sales- Display and Adjacent Markets: $235 million compared to the $169.38 million average estimate based on three analysts. The reported number represents a change of -29.4% year over year.
- Net Sales- Applied Global Services: $1.46 billion compared to the $1.43 billion average estimate based on three analysts. The reported number represents a change of +3.1% year over year.
View all Key Company Metrics for Applied Materials here>>>Shares of Applied Materials have returned -2.5% over the past month versus the Zacks S&P 500 composite's -2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.