Report
Abhinav Davuluri

Applied Materials’ Record 2Q Results Overshadowed by Softer Forward Guidance

Applied Materials notched its ninth consecutive quarter of year-over-year top-line growth, owing to broad-based strength across its segments. Consistent with its peers, Applied’s semiconductor system sales were bolstered by ongoing investments by memory customers in both DRAM and NAND. Although both are poised to remain strong over the remainder of 2018, management did note it foresees slightly lower 3D NAND spending offset by higher DRAM equipment purchases. Shares fell 5% after-hours due to fi...
Underlying
Applied Materials Inc.

Applied Materials provides manufacturing equipment, services and software to the semiconductor, display and related industries. The company's segments are: Semiconductor Systems, which develops, manufactures and sells a range of manufacturing equipment used to fabricate semiconductor chips; Applied Global Services, which provides integrated solutions to support equipment and fab performance and productivity; and Display and Adjacent Markets, which is comprised of products for manufacturing liquid crystal displays, organic light-emitting diodes and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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