Applied Materials -2% on Q2 beats, mixed guidance

May 17, 2018 4:23 PM ETApplied Materials, Inc. (AMAT)By: Brandy Betz, SA News Editor49 Comments
  • Applied Materials (NASDAQ:AMATdrops 2% aftermarket on Q2 results that beat EPS and revenue results with a 29% Y/Y revenue growth. Q3 guidance has downside revenue of $4.33B to $4.53B (consensus: $4.54B) and in-line EPS of $1.13 to $1.21 (consensus: $1.16).
  • Key metrics: Non-GAAP gross margin, 46.7% (+0.4 pts); operating margin, 30.2% (+2.4 pts); cash from operations, $611M; capital allocation, $2.6B; operating expenses,  $763M; cash and equivalents, $4.87B. 
  • Segment performance: Semiconductor Systems, $3B (+25% Y/Y); Applied Global Services, $943M (+30%); Display and Adjacent Markets,  $600M (+53%). 
  • Earnings call is scheduled for 4:30 PM Eastern with a webcast available here.
  • Press release.  
  • Previously: Applied Materials beats by $0.08, beats on revenue (May 17)

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