Applied Materials reports Q3 adjusted EPS 28c, consensus 27c Reports Q3 revenue $2.27B, consensus $2.29B. Reports Q3 orders of $2.48B, up 24% year over year led by SSG year-over-year order growth of $362M. Reports Q3 adjusted gross margin 45.5%, up 260 basis points year over year.
Applied Materials assumed with a Conviction Buy at Goldman Goldman Sachs analyst Toshiya Hari assumed Applied Materials with a Conviction Buy rating and $22 price target. The analyst calls Applied Materials his top pick in the semi capital equipment space.