Applied Materials released its fiscal third-quarter earnings report on Aug. 13. Here’s Morningstar’s take on Applied Materials’ earnings and stock.
Key Morningstar Metrics for Applied Materials
- : $520.00
- : ★★★
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Morningstar Economic Moat Rating
: Wide
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Morningstar Uncertainty Rating
: High
What We Thought of Applied Materials’ Fiscal Q3 Earnings
Applied Materials’ solid fiscal third-quarter results were driven by surging AI infrastructure demand. Revenue grew 25% year on year to $9.1 billion, beating FactSet consensus estimates. Fourth-quarter guidance is for $10.25 billion in sales and $4.02 in EPS at the midpoint, ahead of our estimates.
Why it matters: The artificial intelligence-driven growth cycle for chip equipment continues…
