Applied Materials Announces Fourth Quarter and Fiscal Year 2022 Results

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Applied Materials (AMAT) PT Raised to $120 at Needham & Company on Stronger Earnings

November 18, 2022 6:53 AM EST

Needham & Company analyst N. Quinn Bolton raised the price target on Applied Materials (NASDAQ: AMAT) to $120.00 (from $90.00) while maintaining a Buy rating following earnings.

The analyst commented, "Continued supply chain improvements led to a F4Q22 beat. Key points: 1) AMAT didn't quantify... More

Applied Materials (AMAT) Tops Q4 EPS by 28c, Guidance Beats

November 17, 2022 4:03 PM EST

Applied Materials (NASDAQ: AMAT) reported Q4 EPS of $2.03, $0.28 better than the analyst estimate of $1.75. Revenue for the quarter came in at $6.75 billion versus the consensus estimate of $6.45 billion.

GUIDANCE:

Applied Materials sees Q1 2023 EPS of $1.75-$2.11, versus the consensus of... More