Financial Report Outlook | Applied Materials (AMAT.US) is expected to double its profits in Q2, can this help boost the stock price rebound?

Applied Materials (AMAT.US) will announce its second quarter earnings for the period ending April 2025 after the US stock market closes on May 15 (Thursday). The market expects this chip equipment manufacturer to have Q2 revenue of $7.12 billion, a year-on-year increase of 7.1%; earnings per share of $2.31, a year-on-year increase of 10.5%. In the past 30 days, analysts have increased their earnings per share expectations for Applied Materials Q2 by 0.23%, reaching the current level. Applied Materials reported earnings per share of $2.38 in the first quarter, surpassing the market's expectation of $2.28. In the past four quarters, the company's quarterly earnings per share have exceeded market expectations. Since the beginning of this year, Applied Materials' stock price has fallen by 4.1%, compared to a 3.8% decline in the S&P 500 index, and a 9.9% decline in the Semiconductor ETF (SOXX.US). Overall, Wall Street analysts have given Applied Materials a "moderate buy" rating, with an average target price of $201.90, representing a 30% increase from the current stock price.