Applied Materials Non-GAAP EPS of $1.90 beats by $0.15, revenue of $6.43B beats by $250M
Applied Materials press release (NASDAQ:AMAT): Q3 Non-GAAP EPS of $1.90  beats by $0.15.
Revenue of $6.43B (-1.4% Y/Y)  beats by $250M.

GAAP operating margin 28.0 percent and non-GAAP operating margin 28.3 percent, down 1.5 points and 1.7 points year over year, respectively.


Generated $2.58 billion in cash from operations.


Q4 Outlook: In the fourth quarter of fiscal 2023, Applied expects net sales to be approximately $6.51 billion, plus or minus $400 million vs. consensus of $5.87B.
Non-GAAP adjusted diluted EPS is expected to be in the range of $1.82 to $2.18 vs. consensus of $1.60.
Shares +3.06%.


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