What To Expect From Applied Materials Earnings? Analyst Eyes China Dynamics
What To Expect From Applied Materials Earnings? Analyst Eyes China Dynamics
Stifel analyst Brian Chin reiterated the Buy rating on Applied Materials, Inc. (NASDAQ:AMAT), with a price forecast of $230.
Stifel分析师布莱恩·钦重申了应用材料公司(纳斯达克股票代码:AMAT)的买入评级,预测股价为230美元。
The company will report the second quarter of fiscal 2024 financial results on Thursday, May 16, 2024.
该公司将于2024年5月16日星期四公布2024财年第二季度的财务业绩。
According to the analyst, non-China trailing-edge remains soft and that the timing on expansion in leading-edge foundry-logic and memory is more late FY24/FY25-oriented.
根据分析师的说法,非中国的后沿技术仍然疲软,领先的晶圆代工厂逻辑和存储器的扩张时机则以24/FY25财年晚些时候为导向。
For now, the analyst sees revenue bias still toward China, technology, and conversion (DRAM HBM) activity.
目前,分析师认为收入仍偏向中国、技术和转换(DRAM HBM)活动。
More importantly, the analyst views capacity/growth-driven foundry/logic and DRAM investment plans for 2025.
更重要的是,分析师看到了2025年产能/增长驱动的代工厂/逻辑和DRAM投资计划。
Per Chin, Applied Materials continues to have a better line of sight than most toward establishing higher revenue and profitability in the ensuing upcycle.
根据Chin的说法,应用材料在随后的升级周期中实现更高的收入和盈利能力方面仍然比大多数人有更好的视野。
The analyst projects China DRAM (~$500 million in the second quarter) to phase-out of the mix in the third quarter, representing a headwind in Applied's outlook.
该分析师预计,中国DRAM(第二季度约为5亿美元)将在第三季度逐步淘汰该组合,这是应用前景的不利因素。
Over the balance of the year, China should remain a steadying factor and might cause Applied Materials to revisit its view.
在今年的剩余时间里,中国应保持稳定因素,并可能导致应用材料公司重新审视其观点。
According to the analyst, Applied Materials has too many tentacles to be fully immune to a slowdown in aggregate semi investment.
根据分析师的说法,应用材料的触角太多,无法完全不受半导体投资总额放缓的影响。
Yet by that token, the company possesses a better/broader arsenal of products (portfolio) through which to attack/address semi customers' future technology roadmap scaling/integration challenges.
然而,出于这个原因,该公司拥有更好/更广泛的产品(产品组合),可以通过这些产品来攻击/解决半客户未来的技术路线图扩展/集成挑战。
Ultimately, the analyst sees Applied Materials on track to establish higher peak revenue/profitability through the ensuing upcycle. It warrants a higher multiple as it demonstrates improved financial performance across the cycle.
最终,分析师认为,应用材料有望在随后的升级周期中实现更高的峰值收入/盈利能力。它表明整个周期的财务业绩有所改善,因此保证了更高的倍数。
Price Action: AMAT shares are trading higher by 3.36% to $216.87 at last check Wednesday.
价格走势:周三最后一次检查时,AMAT股价上涨3.36%,至216.87美元。
Image: Courtesy of Applied Materials, Inc.
图片:由应用材料公司提供