Applied Materials Q2 2023 Earnings Preview: What to expect
Applied Materials (NASDAQ:AMAT) is scheduled to announce Q2 earnings results on Thursday, May 18th, after market close.
The consensus EPS Estimate is $1.83 (-1.1% Y/Y) and the consensus Revenue Estimate is $6.37B (+1.9% Y/Y).
After exceeding the consensus mark in Q1, the company anticipated Q2 net sales of approximately $6.40 billion, plus or minus $400 million and Non-GAAP adjusted diluted EPS is in the range of $1.66 to $2.02.

Over the last 2 years, AMAT has beaten EPS estimates 75% of the time and has beaten revenue estimates 75% of the time.
Over the last 3 months, EPS estimates have seen 10 upward revisions and 9 downward. Revenue estimates have seen 8 upward revisions and 10 downward.
Stock has risen about 30%, outperforming the broader market index so far this year: