Applied Materials reported earnings that exceeded expectations for the fiscal 2021 third quarter, ended Aug. 1.
The semiconductor company’s earnings came in at $1.87 per share, well above the $1.74 per share expected by analysts polled by FactSet. It was also up from 91 cents a share in the year-ago quarter.
Adjusted profit in the quarter was $1.90, exceeding analysts’ forecast of $1.77. That’s also up from $1.06 per share a year ago.
Revenue surged +41% from the year-ago quarter to $6.196 billion. The analyst consensus was $5.94 billion.
Looking ahead, Applied projects revenue of ~$6.33 billion in the current quarter, plus or minus $250 million. It expects non-GAAP adjusted diluted earnings per share in the range of $1.87 and $2.01.