🔹 Adj. EPS: $2.48 (Est. $2.36) 🟢; UP +17% YoY
🔹 Revenue: $7.30B (Est. $7.22B) 🟢; UP +8% YoY
Guidance (Q4):
🔹 Revenue: $6.7B ± $0.5B (Est: $7.32B) 🔴
🔹 EPS: $2.11 ± $0.20 (Est: $2.38) 🔴
🔹 Adj. Gross Margin: ~48.1%
Semiconductor Systems:
🔹 Revenue: $5.43B; UP +10%
🔹 Adj. Operating Margin: 36.4% vs. 35.0% YoY
Applied Global Services:
🔹 Revenue: $1.60B; UP +1%
🔹 Adj. Operating Margin: 27.8% vs. 29.6% YoY
Display & Adjacent Markets:
🔹 Revenue: $263M; UP +5%
🔹 Adj. Operating Margin: 23.6% vs. 6.4% YoY
Other Metrics:
🔹 Adj. Net Income: $1.99B; UP +13% YoY
🔹 Adj. Gross Margin: 48.9% vs. 47.4% YoY
🔹 Adj. Operating Margin: 30.7% vs. 28.8% YoY
🔹 Adj. Free Cash Flow: $2.05B; DOWN -2% YoY
CEO Commentary (Gary Dickerson):
🔸 “We delivered record performance in Q3 and are on track for our sixth straight year of revenue growth.”
CFO Commentary (Brice Hill):
🔸 “Expecting a Q4 revenue decline from China capacity digestion and non-linear leading-edge demand, but remain confident in long-term semiconductor growth.”