Technology

Applied Materials Fiscal Q4 Earnings Up, Revenue Lower, Issues Q1 Guidance

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Applied Materials (AMAT) reported fiscal Q4 adjusted diluted earnings Thursday of $2.12 per share, up from $2.03 a year ago. Analysts polled by Capital IQ expected $1.99. Revenue for the quarter ended Oct. 29 was $6.72 billion, down from $6.75 billion a year earlier. Analysts surveyed by Capital IQ expected $6.5 billion. The company said it expects fiscal Q1 adjusted diluted earnings of $1.72 to $2.08 per share. Analysts surveyed by Capital IQ expect $1.83. The company expects revenue for the quarter of $6.47 billion, plus or minus $400 million. Analysts polled by Capital IQ expect $6.37 billion.

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QUALCOMM Incorporated (QCOM) Deutsche Bank AutoTech Conference (Transcript)

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QUALCOMM Incorporated (NASDAQ:QCOM) Deutsche Bank AutoTech Conference November 9, 2023 1:30 PM ET Company Participants Nakul Duggal – SVP & General Manager, Automotive & Cloud Computing Mauricio Lopez-Hodoyan – VP, IR Conference Call Participants Ross Seymore – Deutsche Bank Ross Seymore Right. Good morning and good afternoon to everyone. I’m Ross Seymore, the U.S. semiconductor analyst here at Deutsche Bank. Welcome to the 8th Annual Deutsche Bank AutoTech Conference. We’re very pleased to have our next discussion here with Qualcomm and specifically, Nakul Duggal, who is the Senior Vice President and GM of the Automotive and the Cloud Computing effort there, well obviously we’ll be talking about the automotive side today. So Nicole, thank you very much for joining us. I wanted to just start off with a little bit of near-term dynamics and market dynamics and then get into the meet of the discussion on what Qualcomm is doing

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CFRA Maintains Hold Recommendation On Shares Of Gartner Inc.

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target price to $412 from $355 on a P/E of 36x, below its 3-year historical average using our 2024 EPS view. We increase our 2023 EPS forecast to $10.95 from $10.05 and 2024 EPS estimate to $11.45 from $11.07. IT posted revenue of $1.4B for Q3, above consensus by $10M, and non-GAAP EPS of $2.56 beats by $0.60. Modest sales growth of 5.8% Y/Y was the result of continued pressures to demand and tough comparisons from the prior year – Research revenue was up 6% Y/Y from decelerating contract value growth (GTS +3.4% Y/Y, GBS +7.1% Y/Y), and slight contractions in wallet and retention rates. This was offset by outperformance in Consulting (+24.1% Y/Y, vs 12/6% Y/Y in Q3 2022). However, the share

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Apple Q4 2023 Earnings Call Transcript

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Company Management Luca Maestri – CFO Suhasini Chandramouli – Director of Investor Relations Tim Cook – CEO Analysts Aaron Rakers – Wells Fargo Securities Amit Daryanani – Evercore ISI Ben Reitzes – Melius Research David Vogt – UBS Erik Woodring – Morgan Stanley Harsh Kumar – Piper Sandler Krish Sankar – TD Cowen Michael Ng – Goldman Sachs Group Richard Kramer – Arete Research Wamsi Mohan – Bank of America Operator Certainly. We will go ahead and take our first question from Mike Ng of Goldman Sachs. Please go ahead. Michael Ng Hey. Good afternoon, and thank you very much for the questions. I just have a question on iPhone storage and demand versus iCloud. As demand for storage grows, are you seeing a mix-shift towards higher storage iPhone models or are consumers mostly opting for the same because of increased uptake of iCloud+? What are some of the strategic

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CFRA Maintains Buy Recommendation On Shares Of Shopify Inc.

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We maintain our 12-month target at $75 on EV/sales of 9.7x our 2025 sales estimate, below historical, but above peers due to growth and a greater focus on profitability/FCF. We increase our 2023 EPS to $0.71 from $0.63 and 2024’s to $1.23 from $0.94. We start 2025 EPS at $1.52. SHOP posted Q3 EPS of $0.24 vs. a $0.02 loss and better than the $0.14 EPS consensus. Sales grew a better-than-expected 25% and impressive 30% ex-logistics sale (500-bp headwind). Merchant Solutions rose 24%, driven by +22% GMV growth and Shopify Payments momentum (58% of GMV processed vs. 54% last year), while Subscriptions increased 29% from previous price hikes. Gross margin widened to 52.6% from 48.5%, as SHOP sees greater leverage post sale of its highly-fixed cost logistics

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Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024

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Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024   — Net sales of $2.254 billion, down 1.5% sequentially and up 8.7% from the      year ago quarter. The midpoint of our guidance provided on August 3, 2023      was net sales of $2.266 billion.   — On a GAAP basis: gross profit of 67.8%; operating income of $885.0      million and 39.3% of net sales; record net income of $666.6 million; and      record EPS of $1.21 per diluted share. Our guidance provided on August 3,      2023 was for GAAP EPS of $1.18 to $1.21 per diluted share.   — On a Non-GAAP basis: gross profit of 68.1%; operating income of $1.085      billion and 48.1% of net sales; net income of $889.3 million and EPS of      $1.62 per diluted share. Our guidance provided on August 3,

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