Company news: Applied Materials (AMAT) quarterly results beat analysts’ expectations

Applied Materials (AMAT) reported Q1 FY2025 earnings of $2.38 per share (versus $2.13 per share in Q1 FY2024), beating analysts’ consensus estimate of $2.28 per share.

The company’s quarterly revenues amounted to $7.166 bln (+6.8% y/y), marginally beating analysts’ consensus estimate of $7.147 bln.

The company also issued in-line guidance for Q2 FY2025, seeing EPS of $2.12-2.48 versus analysts’ consensus estimate of $2.29 and revenues of $6.7-7.5 bln versus analysts’ consensus estimate of $7.21 bln.

AMAT fell to $175.01 (-5.03%) in pre-market trading.