What to Expect From Applied Materials’ Upcoming Q4 Results?
<p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/AMAT'>Applied Materials, Inc. (NASDAQ:AMAT)</a> ahead of the upcoming Q4 report, noting they see limited risks to the results and Q1 guidance following the company’s pre-announcement.</p>
<p>The analysts now have better clarity over the impacts of export restrictions and, in the short term, believe the company to have potentially offset some of the headwinds ($400 million in Q4 and Q1) by adjusting backlog and fulfilling orders from non-Chinese customers. </p>
<p>However, the analysts are incrementally more negative on the gross margin trajectory into 2023, as they expect the company to suggest the loss of profitable customers in domestic China. </p>
<p>For fiscal 2023, the analysts expect the company's revenue to decline 12% year-over-year (vs. the Street's 11% year-over-year decline estimate), as they factor in their top-down view that 2023 WFE could decline by 20%, offset by more stable performance in the company's AGS business. </p>

NASDAQ:AMAT