Company Of The Day: Applied Materials

by Trefis Team
+10.40%
Upside
136
Market
150
Trefis
AMAT
Applied Materials
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What?

Applied Materials (NASDAQ:AMAT) posted record Q3 FY’21 results, with revenue rising 41% year-over-year to $6.2 billion and EPS rising 79% to $1.90.

Why?

The ongoing semiconductor supply crunch is resulting in strong demand for fabrication equipment. Applied’s Semiconductor systems sales grew 53% year-over-year over Q3.

So What?

Investors appear to be increasingly accustomed to earnings beats from Applied, given how strong the semiconductor market is. The stock actually fell by about 1% in after-hours trading on Thursday. However, we think the stock remains slightly undervalued at current levels.

See Our Complete Analysis For Applied Materials

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