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“Our longer-term outlook is very positive as semiconductors become a larger and more strategically important market globally and major technology inflections are enabled by materials engineering, creating outsized growth opportunities for Applied,” said CEO Gary Dickerson.
For Q3/23, the company expects EPS to be in the range of $1.56-$1.92, compared to the consensus of $1.65. Revenue is expected to be $6.15B, above the consensus estimate of $6.02B.
