FARADAY FUTURE POSTED A Q2 PRETAX LOSS OF $39.869 MLN, A Q2 OPERATING LOSS OF $34.827 MLN AND Q2 OPERATING EXPENSES OF $24.125 MLN.
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FARADAY FUTURE TARGETS CUMULATIVE SHIPMENTS OF OVER 2,000 EAI ROBOT UNITS BY YEAR-END 2026 AND TOTAL LIABILITIES UNDER $100 MLN WITHIN THE NEXT THREE TO FOUR QUARTERS.
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U.S. VICE PRESIDENT JD VANCE SAYS THE FIRST GOAL IN THE WAR WITH IRAN IS KEEPING THE PRICE OF OIL AND GASOLINE CHEAP FOR AMERICANS, IN A PRE-RECORDED INTERVIEW ON FOX NEWS, ADDING THAT THE U.S. HAS 'A LOT OF TOOLS AT OUR DISPOSAL TO COMPEL ACTION' FROM IRAN
SubscribeEarnings News on a Ticker List Applied Materials Forecast Gets Tepid Reaction After Stock Rally Summary by Bloomberg AI Applied Materials Inc. delivered an estimate-beating forecast, with revenue expected to be approximately $10.3 billion in the fiscal fourth quarter. The company's shares fell about 3% in late trading after the results were released, a sign of the lofty hopes surrounding the company. Applied Materials makes tools used for dynamic random access memory, or DRAM, a key component in the high-bandwidth memory used by AI accelerators. By Dina Bass (Bloomberg) -- Applied Materials Inc. delivered an estimate-beating forecast that still got a lukewarm reaction from investors, a sign of the lofty hopes surrounding a company that’s key to the AI boom. Revenue will be approximately $10.3 billion in the fiscal fourth quarter, which runs through October, Applied Materials said in a statement Thursday. Though analysts estimated $9.62 billion on average, some projections were closer to $10 billion, according to data compiled by Bloomberg. Investors have embraced Applied Materials this year, betting that it will be a key winner in the AI economy. The company is the biggest US maker of chip equipment, making it central to a surge in demand for semiconductors. But after a rally that more than doubled the stock price, it’s now harder for Applied Materials to meet expectations. The shares fell about 3% in late trading after the results were released. Last month, Applied Materials rival KLA Corp. also suffered a stock decline in the wake of its results. The results generally met analysts’ estimates, but missed on free cash flow. Applied Materials is a barometer for chip-industry health because semiconductor makers buy its gear when they need to ramp up production. As the industry confronts shortages of memory chips and other components, Applied Materials customers such as SK Hynix Inc. and Micron Technology Inc. are racing to build new manufacturing facilities. Applied Materials, based in Santa Clara, California, makes tools used for dynamic random access memory, or DRAM. That’s the key component in the high-bandwidth memory used by AI accelerators, the chips from Nvidia Corp. and others that help train artificial intelligence software. Earnings will be $4.02 a share in the fourth quarter, excluding some items, the company said. That compared with a projection of $3.72. Sales rose 25% to $9.12 billion in the third quarter, which ended July 26. Earnings increased to $3.50 a share, excluding certain items. Analysts had projected revenue of $9 billion and profit of $3.42 a https://t.co/xxbJiQsJUA contact the reporter on this story: Dina Bass in Seattle at dbass2@bloomberg.net To contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net Nick Turner, Andrew Pollack AMAT US Equity Graphic Dashboard » Securities Applied Materials IncAMAT USRecommended Stories Applied Materials Report to Show Strong AI Tailwind: Preview (1) BFW 08/12Lenovo’s AI-Driven Revenue Boost Sends Stock to New Record (1) BN 08/13Tencent’s Shares Slide After AI Cost Concerns Overshadow Growth BN 08/13Cisco Shares Climb After Encouraging Results and Forecast (1) BFW 08/13JD.com Logs First Sales Fall in Latest Sign of Consumer Malaise BN 08/13Cisco Falls on Tepid AI Outlook, Margin Weakness: Street Wrap BFW 08/13Topics More ERNBFWFirst Word Earnings NewsITSVCComputer, Info Tech ServicesTECTechnologySEQSemiconductor EquipmentCPRComputersESTEarnings Estimates
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SubscribeEarnings News on a Ticker List Applied Materials Forecast Gets Tepid Reaction After Stock Rally Summary by Bloomberg AI Applied Materials Inc. delivered an estimate-beating forecast, with revenue expected to be approximately $10.3 billion in the fiscal fourth quarter. The company's shares fell about 3% in late trading after the results were released, a sign of the lofty hopes surrounding the company. Applied Materials makes tools used for dynamic random access memory, or DRAM, a key component in the high-bandwidth memory used by AI accelerators. By Dina Bass (Bloomberg) -- Applied Materials Inc. delivered an estimate-beating forecast that still got a lukewarm reaction from investors, a sign of the lofty hopes surrounding a company that’s key to the AI boom. Revenue will be approximately $10.3 billion in the fiscal fourth quarter, which runs through October, Applied Materials said in a statement Thursday. Though analysts estimated $9.62 billion on average, some projections were closer to $10 billion, according to data compiled by Bloomberg. Investors have embraced Applied Materials this year, betting that it will be a key winner in the AI economy. The company is the biggest US maker of chip equipment, making it central to a surge in demand for semiconductors. But after a rally that more than doubled the stock price, it’s now harder for Applied Materials to meet expectations. The shares fell about 3% in late trading after the results were released. Last month, Applied Materials rival KLA Corp. also suffered a stock decline in the wake of its results. The results generally met analysts’ estimates, but missed on free cash flow. Applied Materials is a barometer for chip-industry health because semiconductor makers buy its gear when they need to ramp up production. As the industry confronts shortages of memory chips and other components, Applied Materials customers such as SK Hynix Inc. and Micron Technology Inc. are racing to build new manufacturing facilities. Applied Materials, based in Santa Clara, California, makes tools used for dynamic random access memory, or DRAM. That’s the key component in the high-bandwidth memory used by AI accelerators, the chips from Nvidia Corp. and others that help train artificial intelligence software. Earnings will be $4.02 a share in the fourth quarter, excluding some items, the company said. That compared with a projection of $3.72. Sales rose 25% to $9.12 billion in the third quarter, which ended July 26. Earnings increased to $3.50 a share, excluding certain items. Analysts had projected revenue of $9 billion and profit of $3.42 a https://t.co/xxbJiQsJUA contact the reporter on this story: Dina Bass in Seattle at dbass2@bloomberg.net To contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net Nick Turner, Andrew Pollack AMAT US Equity Graphic Dashboard » Securities Applied Materials IncAMAT USRecommended Stories Applied Materials Report to Show Strong AI Tailwind: Preview (1) BFW 08/12Lenovo’s AI-Driven Revenue Boost Sends Stock to New Record (1) BN 08/13Tencent’s Shares Slide After AI Cost Concerns Overshadow Growth BN 08/13Cisco Shares Climb After Encouraging Results and Forecast (1) BFW 08/13JD.com Logs First Sales Fall in Latest Sign of Consumer Malaise BN 08/13Cisco Falls on Tepid AI Outlook, Margin Weakness: Street Wrap BFW 08/13Topics More ERNBFWFirst Word Earnings NewsITSVCComputer, Info Tech ServicesTECTechnologySEQSemiconductor EquipmentCPRComputersESTEarnings Estimates
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U.S. VICE PRESIDENT JD VANCE SAYS THE FIRST GOAL IN THE WAR WITH IRAN IS KEEPING THE PRICE OF OIL AND GASOLINE CHEAP FOR AMERICANS, IN A PRE-RECORDED INTERVIEW ON FOX NEWS, ADDING THAT THE U.S. HAS 'A LOT OF TOOLS AT OUR DISPOSAL TO COMPEL ACTION' FROM IRAN
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APPLIED MATERIALS DELIVERED AN ESTIMATE-BEATING FORECAST THAT STILL GOT A LUKEWARM REACTION FROM INVESTORS, WITH FISCAL FOURTH-QUARTER REVENUE SEEN AT APPROXIMATELY $10.3 BLN VERSUS THE $9.62 BLN ANALYST AVERAGE AND EPS OF $4.02 EXCLUDING SOME ITEMS VERSUS A $3.72 PROJECTION, THOUGH SHARES FELL ABOUT 3% IN LATE TRADING AS A SIGN OF THE LOFTY HOPES SURROUNDING THE AI-LINKED COMPANY.
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APPLIED MATERIALS — THE BIGGEST U.S. MAKER OF CHIP EQUIPMENT AND A BAROMETER FOR CHIP-INDUSTRY HEALTH — SAW Q3 SALES RISE 25% TO $9.12 BLN WITH EPS OF $3.50, BOTH ABOVE ESTIMATES, AS CUSTOMERS LIKE SK HYNIX AND MICRON RACE TO BUILD NEW FACILITIES AMID MEMORY-CHIP SHORTAGES, WITH THE COMPANY CENTRAL TO DRAM USED IN THE HIGH-BANDWIDTH MEMORY FOR AI ACCELERATORS.
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CBOE GLOBAL MARKETS HAS INCREASED ITS QUARTERLY CASH DIVIDEND BY 19% TO $0.86 PER SHARE
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LAM RESEARCH SAYS IT PLANS TO INVEST MORE THAN $3 BLN TO EXPAND ITS GLOBAL LAB NETWORK OVER FIVE YEARS, TARGETING A MORE THAN 50% INCREASE IN EXPERIMENT CAPACITY
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TRUMP HAS ORDERED THE NAVY TO RESTORE OLD TECH IN AIRCRAFT CARRIERS, COSTING BILLIONS, WITH TRUMP EXPECTED TO SIGN A MEMORANDUM AS SOON AS TODAY DIRECTING THE CHANGE - WSJ, CITING SOURCES
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FITCH HAS AFFIRMED THE UNITED STATES OF AMERICA AT 'AA+' WITH A STABLE OUTLOOK, SAYING THE RATING IS SUPPORTED BY A LARGE ECONOMY, HIGH PER-CAPITA INCOME, A DYNAMIC BUSINESS ENVIRONMENT AND EXCEPTIONAL FINANCING FLEXIBILITY.
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FITCH FORECASTS U.S. GROWTH TO REMAIN RELATIVELY RESILIENT AT 1.9% IN 2026-2027, DOWN FROM 2.8% IN 2025, NOTING LABOR DEMAND HAS WEAKENED AND JOB CREATION HAS DROPPED SIGNIFICANTLY IN 2026, WHILE EXPECTING INFLATION TO MOVE TOWARD TARGET BY YEAR-END 2028.
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FITCH SAYS ON THE UNITED STATES THAT FISCAL PRESSURES WILL INCREASE AS MEDICARE AND SOCIAL SECURITY EXPENDITURES EXPAND BY NEARLY 1 PERCENTAGE POINT OF GDP BY 2032, ADDING THAT GRIDLOCK AND GOVERNMENT SHUTDOWNS MAY BECOME MORE LIKELY AND POSSIBLY MORE PROTRACTED AS WELL
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APPLIED MATERIALS CEO SAYS IT EXPECTS AGS TO GROW MORE THAN 20% IN CALENDAR 2026 AND TO DELIVER A SUSTAINABLE LONG-TERM ANNUAL GROWTH RATE IN THE MID-TEENS, AND NOW EXPECTS OVERALL PACKAGING REVENUES TO GROW MORE THAN 70% IN CALENDAR 2026 - CONF CALL
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APPLIED MATERIALS CEO SAYS ITS LARGEST CUSTOMERS ARE GIVING THE COMPANY LONGER-TERM COMMITMENTS AND ROLLING 8-QUARTER FORECASTS TO ENSURE THE SUPPLY CHAIN CAN SUPPORT RAMPS - CONF CALL
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SHARES OF EBAY RALLIED 2.22% TO $104.58 ON THURSDAY, SNAPPING A THREE-DAY LOSING STREAK, ON AN ALL-AROUND POSITIVE TRADING SESSION AS THE S&P 500 ROSE 0.65% TO 7,798.99 AND THE DOW ROSE 0.13% TO 53,839.99.
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EBAY, WHICH CLOSED 12.35% SHORT OF ITS 52-WEEK HIGH OF $119.31 REACHED ON MAY 20, OUTPERFORMED SOME COMPETITORS AS AMAZON FELL 0.80% TO $265.13, WALMART FELL 0.25% TO $115.72 AND TARGET ROSE 0.98% TO $155.51.
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GENASYS POSTED Q3 REVENUE OF $7.295 MLN, GROSS PROFIT OF $4.165 MLN, AN OPERATING LOSS OF $4.036 MLN, ADJUSTED EBITDA OF -$3.103 MLN AND A NET LOSS OF $4.677 MLN, OR A LOSS PER SHARE OF $0.10.
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GENASYS SAYS SUPPLY CHAIN CONSTRAINTS DELAYED CROWS II TECHNICAL REFRESH PROGRAM DELIVERIES, AND THAT WORK ON THE PUERTO RICO DAMS EARLY WARNING SYSTEM PROJECT WAS PACED PENDING RECEIPT OF CUSTOMER PAYMENTS, WHICH IT HAS BEGUN RECEIVING.
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THE UAE HAS CLAIMED THAT 2 SHIPS BELONGING TO THE ABU DHABI NATIONAL OIL COMPANY (ADNOC) WERE ATTACKED IN THE STRAIT OF HORMUZ - FARS NEWS.
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THE UAE HAS CLAIMED THAT TWO SHIPS BELONGING TO THE ABU DHABI NATIONAL OIL COMPANY (ADNOC) WERE ATTACKED IN THE STRAIT OF HORMUZ - FARS NEWS
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SOUTH KOREA'S EXPORT PRICES ROSE 49.1% YEAR-ON-YEAR, UP FROM 48.9%, WHILE IMPORT PRICES ROSE 18.7% YEAR-ON-YEAR, EASING FROM 20.6%
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