Company news: Applied Materials (AMAT) posts mixed quarterly results

Applied Materials (AMAT) reported Q2 FY2025 earnings of $2.39 per share (versus $2.09 per share in Q2 FY2024), beating analysts’ consensus estimate of $2.31 per share.

The company’s quarterly revenues amounted to $7.100 bln (+6.8% y/y), slightly missing analysts’ consensus estimate of $7.129 bln.

The company also issued in-line guidance for Q3 FY2025, seeing EPS of $2.35, +/- $0.20, which equates to EPS of $2.15-$2.55 versus versus analysts’ consensus estimate of $2.31 and revenues of $7.20 bln, +/- $500 mln, which equates to revenue of $6.70-$7.70 bln versus analysts’ consensus estimate of $7.22 bln.

AMAT fell to $164.29 (-5.99%) in pre-market trading.