AMAT Earnings, Guidance Better Than Expected; Shares Rise

• (PLX AI) - AMAT Q3 gross margin 46.1%.
• • Q3 operating margin 29.5%
• • Q3 EPS USD 1.85
• • Q3 adjusted EPS USD 1.94 vs. estimate USD 1.79
• • Q3 operating income USD 1,920 million
• • Q3 sales USD 6,520 million vs. estimate USD 6,280 million
• • Outlook Q4 sales USD 6,650 million vs. consensus USD 6,570 million
• • Shares rise 2% in after hours trading
• • CEO says remain very positive about the long-term strength of the semiconductor market and our outsized growth opportunities