Applied Materials (AMAT) announced Q3 FY2019 earnings after market close on August 15, 2019. Revenue breakdown was as follows:
- Semiconductor Systems, $2.27B (consensus: $2.17B)
- Display and Adjacent Markets, $339M (consensus: $349M)
Prior to AMAT’s earnings call, Seeking Alpha published my article of August 15, 2019 entitled “Applied Materials: Significant Upside And Downside Risks Detailed In 5 Charts.” Regular readers of my articles on Applied Materials will note that my analyses of AMAT has been negative since 2011, specifically with respect to underperforming the overall semiconductor equipment market and losing market share