Applied Materials Q1 preview: What to expect?
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Applied Materials (NASDAQ:AMAT) is scheduled to announce Q1 earnings results on Thursday, February 16th, after market close.
The consensus EPS Estimate is $1.92 (+1.6% Y/Y) and the consensus Revenue Estimate is $6.66B (+6.2% Y/Y).
Over the last 3 months, EPS estimates have seen 9 upward revisions and 6 downward. Revenue estimates have seen 9 upward revisions and 2 downward.
The semiconductor equipment companyâs stock has risen about 20% to start 2023, halving its decline in the past year.

Surveys have also reflected an increasing bullishness among sell-side analysts over that term. For example, analysts at both Bank of America and Stifel indicated that the company will benefit from a reshoring of global supply chains, leading to new fab construction and tooling.
"[AMAT] has shown strong results even in the wake of order cuts and China export controls given strong backlogs and deferred which may carry them for several quarters," Bernstein wrote in a bullish note on the name in late 2022.
More recently, Stifel said customers have clarified weaker spending plans for this year, which could prove a headwind for Applied Materials (AMAT). Still, it continues to see revenues declining less than 20% this year, thanks to more stability in the company's service/spares revenue and relatively less memory exposure.
Over the last 2 years, AMAT has beaten EPS estimates 75% of the time and has beaten revenue estimates 75% of the time.