Coachman's Research

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[Coachman's Research @Coachmans_]

🚨 $AMAT earnings 🧵The firm's Q3 report is out, revealing revenues of $6.43 billion, down only 1% YoY, while non-GAAP EPS stands at $1.90, down just 2% YoY, surpassing expectations. The company generated a strong cash flow of $2.58B from operations. #AMAT #AppliedMaterials (1/9)

[Coachman's Research @Coachmans_]

Thank you for tuning into this today's Coachman's Report. For more in-depth analysis and insights, subscribe to our newsletter at https://t.co/15M4DqpCTV (10/10)

[Coachman's Research @Coachmans_]

In today's 371st Coachman's Report🧵, we cover the downward trend in equities, Ukraine's military developments, and the looming U.S. government shutdown. 📉🌍🏛️ (1/10)

[Coachman's Research @Coachmans_]

Global markets are impacted by a steepening yield curve, a 10-month high in the dollar, and dipping crude oil prices. Decisions in the coming weeks will have long-lasting implications. #GlobalMarkets (9/10)

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[Coachman's Research @Coachmans_]

Follow us for the latest financial updates and subscribe to the Coachman's Research newsletter for detailed analysis. Essential information for financial executives and investors worldwide. #Finance #Investment #AppliedMaterials (9/9)

[Coachman's Research @Coachmans_]

🧑‍💻Management's focus on innovation and positive outlook for Q4 paints an optimistic picture for the future of Applied Materials, which has been reflected in after hours trading as of the time of writing #Q3Report #AI (8/9)

[Coachman's Research @Coachmans_]

💸Mgmt forecasts wafer fab equipment spending to grow from ~$100 billion in 2022 to $160 billion in 2030, a 9% CAGR. R&D spending has risen from 13% of revs in 2020 to 15% in 2023, focusing on innovations in foundry/logic, packaging, and new memory technologies. #Innovation (7/9)

[Coachman's Research @Coachmans_]

🚨 $AMAT earnings 🧵The firm's Q3 report is out, revealing revenues of $6.43 billion, down only 1% YoY, while non-GAAP EPS stands at $1.90, down just 2% YoY, surpassing expectations. The company generated a strong cash flow of $2.58B from operations. #AMAT #AppliedMaterials (1/9)

[Coachman's Research @Coachmans_]

⚖️For Q4, foundry/logic sales are expected to grow to ~83% of Semiconductor Systems revenue, suggesting continued strength. DRAM is expected to decline to ~13%, indicating ongoing weakness in memory spending. (6/9)

[Coachman's Research @Coachmans_]

🤖Management remains confident in secular demand trends driven by AI, Big Data, and IoT. They are executing well on a strategy focused on key technology inflections, expecting these trends to fuel growth over the next 5-10 years. #AI #DataScience (5/9)

[Coachman's Research @Coachmans_]

👀Looking ahead, Q4 revenue is guided at ~$6.51 billion, plus or minus $400 million, potentially setting a new quarterly revenue record. The company sees continued strength in foundry/logic, offsetting weakness in memory, with non-GAAP EPS guided at $1.82 to $2.18. (4/9)

[Coachman's Research @Coachmans_]

📉On the downside, GAAP operating margin declined 150 basis points YoY to 28.0%, and Non-GAAP operating margin declined 170 basis points YoY to 28.3%. Display revenue is down 29% YoY, reflecting weakness in mobile and TV markets. (3/9)

[Coachman's Research @Coachmans_]

💰The Semiconductor Systems revenue held up well, down only 1% YoY. Management maintains a positive outlook, guiding for record quarterly sales in Q4. However, not all is 🌹. #semiconductors (2/9)