Applied Materials Reports Strong Third Quarter Results

August 19, 2022

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Applied Materials($NASDAQ:AMAT) reported strong third quarter results, with Non-GAAP EPS of $1.94 beating expectations by $0.15. Revenue of $6.52B also beat expectations by $250M. This is good news for the company and investors, and will likely have a positive effect on APPLIED MATERIALS market and earnings in the long term.

Stock Price

On Thursday, shares of Applied Materials stock opened at $106.7 and closed at $108.3, up by 2.1% from the prior closing price of $106.0. This was following the release of the company’s strong third quarter results. This was well ahead of Wall Street’s expectations. Applied Materials’ strong results were driven by strong demand for its products across a number of key markets, including semiconductors, displays, and solar. Looking ahead, Applied Materials issued guidance for the fourth quarter that was above analyst expectations. Applied Materials is one of the world’s leading suppliers of equipment and services for the semiconductor, display, and solar industries. The company’s strong third quarter results show that demand for its products remains strong across a number of key markets. With guidance for the fourth quarter coming in above expectations, it appears that Applied Materials is on track for another strong quarter.

VI Analysis

Applied Materials is a company with strong fundamentals that reflect its long-term potential. However, according to VI’s Risk Rating, it is a medium-risk investment in terms of financial and business aspects. Potential risks include the company’s dependence on the semiconductor industry, which is cyclical in nature, and its high debt levels.


The year-over-year increase in gross margin was driven by higher equipment revenues and manufacturing efficiencies.

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