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Applied Materials Q3 Earnings: Revenue Beat, EPS Beat, Demand Being Driven By 'Race For AI Leadership' And More

Applied Materials Inc (NASDAQ:AMAT) reported third-quarter financial results after the market close on Thursday. Here’s a rundown of the report. Q3 Earnings: Applied Materials reported third-quarter revenue of $6.78 billion, beating the consensus estimate of $6.673 billion. The chip equipment company reported adjusted earnings of $2.12 per share, beating analyst estimates of 2.02 per share. Applied Materials has now exceeded analyst estimates for revenue and EPS in nine consecutive quarters, according to historical data from Benzinga Pro. Total revenue was up 5% year-over-year. ...