Applied Materials

Raymond James analyst Srini Pajjuri maintains Applied Materials (NASDAQ:AMAT) with a Outperform and raises the price target from $160 to $180.

Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -8.5% Barclays $120 → $140 Maintains Underweight 12/12/2023 20.92% TD Cowen $165 → $185 Maintains Outperform 11/22/2023 14.38% Redburn Atlantic → $175 Upgrades Neutral → Buy 11/17/2023 9.15% Mizuho $162 → $167 Maintains Buy 11/17/2023 11.11% JP Morgan $165 → $170 Maintains Overweight 11/17/2023 -7.19% Morgan Stanley $139 → $142 Maintains Equal-Weight 11/17/2023 17.65% Needham → $180 Reiterates Buy → Buy 10/13/2023 17.65% Needham → $180 Upgrades Hold → Buy 10/05/2023 -1.96% UBS $130 → $150 Maintains Neutral 09/15/2023 3.27% Mizuho → $158 Reiterates Buy → Buy 09/15/2023 20.92% Wolfe Research → $185 Initiates Coverage On → Outperform 08/21/2023 14.38% Berenberg $150 → $175 Maintains Buy 08/21/2023 -16.34% Susquehanna $112 → $128 Maintains Neutral 08/21/2023 1.31% Goldman Sachs $135 → $155 Maintains Buy 08/18/2023 4.58% Craig-Hallum $139 →

Barclays analyst Raimo Lenschow maintains Applied Materials (NASDAQ:AMAT) with a Underweight and raises the price target from $120 to $140.

Applied Materials, Inc. (Nasdaq: AMAT) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/12/2023 18.54% TD Cowen $165 → $185 Maintains Outperform 11/22/2023 12.14% Redburn Atlantic → $175 Upgrades Neutral → Buy 11/17/2023 7.01% Mizuho $162 → $167 Maintains Buy 11/17/2023 8.93% JP Morgan $165 → $170 Maintains Overweight 11/17/2023 -9.01% Morgan Stanley $139 → $142 Maintains Equal-Weight 11/17/2023 15.34% Needham → $180 Reiterates Buy → Buy 10/13/2023 15.34% Needham → $180 Upgrades Hold → Buy 10/05/2023 -3.88% UBS $130 → $150 Maintains Neutral 09/15/2023 1.24% Mizuho → $158 Reiterates Buy → Buy 09/15/2023 18.54% Wolfe Research → $185 Initiates Coverage On → Outperform 08/21/2023 12.14% Berenberg $150 → $175 Maintains Buy 08/21/2023 -17.98% Susquehanna $112 → $128 Maintains Neutral 08/21/2023 -0.68% Goldman Sachs $135 → $155 Maintains Buy 08/18/2023 2.52% Craig-Hallum $139 → $160 Maintains Buy 08/18/2023 2.52% TD Cowen $150 →

Applied Materials Announces Fourth Quarter and Fiscal Year 2023 Results — Quarterly revenue $6.72 billion, flat year over year — Quarterly GAAP EPS $2.38 and non-GAAP EPS $2.12, up 29 percent and 4 percent year over year, respectively — Annual revenue $26.52 billion, up 3 percent year over year — Annual GAAP EPS $8.11 and non-GAAP EPS $8.05, up 9 percent and 5 percent year over year, respectively SANTA CLARA, Calif., Nov. 16, 2023 (GLOBE NEWSWIRE) — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its fourth quarter and fiscal year ended Oct. 29, 2023. Fourth Quarter Results Applied generated revenue of $6.72 billion. On a GAAP basis, the company reported gross margin of 47.1 percent, operating income of $1.97 billion or 29.3 percent of net sales, and record earnings per share (EPS) of $2.38. On a non-GAAP adjusted basis, the company reported gross margin of 47.3 percent, operating

Applied Materials Sees Q1 Adj. EPS $1.72-$2.08 Vs $1.69 Est., Net Sales $6.07B-$6.87B Vs $5.86B Est..

Applied Materials Q4 2023 Adj. EPS $2.12 Beats $2 Estimate; Revenue $6.72B Beats $6.516B Estimate.

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.

Applied Materials  (NASDAQ:AMAT) reported Q3 non-GAAP earnings   of $1.90 per diluted share, down from $1.94 a year earlier. Analysts polled by Capital IQ expected $1.75. Net sales for the quarter ended July 30 were $6.43 billion, down from $6.52 billion a year earlier. Analysts surveyed by Capital IQ expected $6.16 billion. The company said it expects Q4 non-GAAP diluted EPS between $1.82 and $2.18 on net sales of about $6.51 billion, plus or minus $400 million. Analysts polled by Capital IQ expect normalized EPS of $1.60 on revenue of $5.87 billion.