Applied Materials reports Q1 EPS $2.38, consensus $2.30

Reports Q1 revenue $7.17B, consensus $7.16B. “The industry drive to accelerate the development of advanced compute and more sophisticated AI is gaining momentum,” said Gary Dickerson, president and CEO. “Applied Materials (AMAT) is enabling the major device architecture inflections critical for energy-efficient AI and our focus on high-velocity co-innovation creates unique collaboration opportunities with our customers and partners, positioning Applied for continued growth and outperformance in the years to come.”