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Stock Analyst Update

Applied Materials Remains the Company to Beat

Earnings roar ahead for king of the chip-equipment industry.

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Overtaking the lead just keeps getting harder for Applied Materials' (AMAT) competitors.

Thanks to strong capital spending in the semiconductor industry, the leader in chip-manufacturing equipment announced yet another stellar quarter after the market closed on Tuesday. Applied Materials beat consensus earnings estimates by about $0.03 per share, or 4%. With strong sales from almost all geographic regions and product lines, revenues grew impressively over the same quarter last year, as well as the company's most recent quarter.

Jeremy Lopez does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.