Categories AlphaGraphs, Earnings, Technology

Earnings: Applied Materials (AMAT) Q2 profit, revenue increase

Semiconductor technology company Applied Materials, Inc. (NASDAQ: AMAT) on Thursday reported higher earnings and revenues for the second quarter of 2022. However, the results missed analysts’ estimates.

Applied Materials Q2 2022 earnings infographic

Adjusted net income increased to $1.85 per share in the second quarter from $1.63 per share in the same period of 2021. The latest number missed consensus estimates. Net income, including special items, was $1.54 billion or $1.74 per share in the April quarter, compared to $1.33 billion or $1.43 per share last year.


Check this space to read management/analysts’ comments on Applied Materials’ Q2 earnings


The positive bottom-line performance reflects a 12% increase in revenues to $6.25 billion, with the core Semiconductor Systems segment accounting for nearly three-fourths of total sales. Analysts were looking for faster top-line growth.

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Target (TGT): A look at some of the challenges faced by the retailer in 3Q24

Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top