Applied Material (AMAT) is scheduled to report its 2nd quarterly earnings on 16 th May 2024 at 4 PM eastern time.
The estimated EPS is 1.99 and estimated revenue is 6.54B.
First-quarter revenue was $6.7 billion, with non-GAAP gross margin growing to 47.9%, and non-GAAP EPS
reaching $2.13.
Key management comments during previous earnings call:
Forecasting significant growth in High Bandwidth Memory (HBM) related revenue for 2024, reaching around half a
billion dollars.
Significant growth in Integrated Circuits Advanced Packaging Solutions (ICAPS), with approximately 40% increase
in 2022 and even faster growth expected in 2023.
Investments and increasing capacity in the China Wafer Fabrication Equipment (WFE) market, with confidence in
rationality of investments and improving utilization rates over time.
Financial Guidance.
Revenue for Q2 is expected to be $6.5 billion, plus or minus $400 million, with non-GAAP EPS of $1.97, plus or
minus $0.18.
Semiconductor systems revenue is projected around $4.8 billion, AGS revenue about $1.5 billion, and display
revenue around $150 million.
Technical:
AMAT is in a bullish pattern making higher highs and higher lows, trading at its all-time high of $218.7. Recent low
placed by the stock is at $188. 30-day EMA and 55-day EMA are at $204, and $200 respectively. MACD is also in
bullish territory and RSI is at 63.