Applied Industrial Technologies Q4 Earnings Call Highlights
The chip equipment maker said AI-related spending is driving stronger orders, and it projected fourth-quarter revenue of about $10.25 billion, above estimates.
- On Thursday, Applied Materials forecasted fourth-quarter revenue of around $10.25 billion, beating analysts' average estimate of $9.54 billion as unabated AI chip demand fuels robust spending on semiconductor equipment.
- Revenue for the quarter ended July 26 grew 25% to $9.12 billion, surpassing the $8.99 billion estimate; CEO Gary Dickerson raised 2026 equipment growth guidance to above 30%.
- China supplied $2.087 billion of revenue last quarter, though operating cash flow dropped 46.21% to $845 million, pressuring the company's valuation multiple.
- Applied's shares dropped more than 5% in extended trading as lofty investor expectations overshadowed the results, with Stifel's Brian Chin noting elevated expectations following peer performances.
- Chief Financial Officer Brice Hill said customers are providing visibility extending to 2030, while CFRA analyst Brooks Idlet noted solid momentum with potential 2027 upside despite Street disappointment.
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16 Articles
Applied Reports Record Quarterly Revenue of 12.89 Trillion Won… Operating Profit Up 38% Year-on-Year
U.S. semiconductor equipment manufacturer Applied Materials recorded its highest-ever quarterly revenue and operating profit, driven by expanded investment in artificial intelligence (AI) semiconductors. Applied Materials announced on the 14th that revenue for the third quarter (May–July) of fiscal year 2026 reached $9.12 billion (approximately 12.89 trillion won), a 25% increase from the same period last year. Operating profit was $3.08 billion…
Applied Materials forecasts revenue above estimates, shares fall on high expectations
Aug 13 : Applied Materials forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting that unabated demand for advanced AI chips will continue to fuel robust spending on its semiconductor manufacturing equipment.Even so, its shares dropped more than 5 per cent in extended trading as l
Applied Industrial Technologies Q4 Earnings Call Highlights
Applied Industrial Technologies (NYSE:AIT) reported record fourth-quarter sales and earnings that exceeded its expectations, supported by improving industrial demand, stronger volumes and operating leverage. The company said organic sales rose 9.7% year over year, its strongest growth rate in more t
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