Applied Materials: Q3 Earnings Insights - Applied Mat (NASDAQ:AMAT)

Applied Materials AMAT reported its Q3 earnings results on Thursday, August 18, 2022 at 04:01 PM.

Here's what investors need to know about the announcement.

Applied Materials beat estimated earnings by 8.38%, reporting an EPS of $1.94 versus an estimate of $1.79.

Revenue was up $324.00 million from the same period last year.

Last quarter the company missed on EPS by $0.05 which was followed by a 3.86% drop in the share price the next day.

Here's a look at Applied Materials's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	1.90	1.85	1.95	1.77
EPS Actual	1.85	1.89	1.94	1.90
Revenue Estimate	6.37B	6.16B	6.34B	5.94B
Revenue Actual	6.25B	6.27B	6.12B	6.20B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Applied Materials management provided guidance for Q4 2022, expecting earnings between $1.82 and $2.18 per share.

To track all earnings releases for Applied Materials visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.