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The company is benefiting from strong momentum in Semiconductor Systems and Applied Global Services. Plus, AMAT is seeing strong demand for silicon in various applications across several markets. In addition, the growing usage of OLED technology in smartphones, TVs, and computers, should help support growth.
As of the end of the most recent quarter, the company had $6.5 billion in cash, which compares favorably to no short-term debt. As for growth, AMAT has shown strong earnings growth with earnings per share growing an average of 30.1% per year over the past five years. Analysts expect earnings to rise 56% year over year in the current quarter.
