Semiconductor equipment vendor Applied Materials, Inc. (AMAT) will report its fiscal 2024 second-quarter earnings today after the bell. In this piece, we will determine whether Applied Materials is a buy or sell going into earnings.
For the second quarter, analysts predict a slight 1.4% year-on-year dip in AMAT's revenue to $6.54 billion, in contrast with a 6.2% increase it recorded in the same quarter last year. Its adjusted earnings per share is forecasted to sit at $1.99, down 0.7% year-over-year. Nevertheless, the company has an impressive history, having beaten the consensus EPS and revenue estimates in three of the trailing four quarters.
