Press release
Applied Materials Announces Fourth Quarter and Fiscal Year 2022 Results
Record quarterly revenue of $6.75 billion, up 10 percent year over yearQuarterly GAAP EPS of $1.85 and record non-GAAP EPS of $2.03, down 2 percent and up 5
About this update from Applied Materials, Inc.
[{"type":"text","content":"Record quarterly revenue of $6.75 billion, up 10 percent year over yearQuarterly GAAP EPS of $1.85 and record non-GAAP EPS of $2.03, down 2 percent and up 5 percent year over year, respectivelyRecord annual revenue of $25.79 billion, up 12 percent year over yearRecord annual GAAP EPS of $7.44 and record non-GAAP EPS of $7.70, up 16 percent and up 13 percent year over year, respectively SANTA CLARA, Calif., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its fourth quarter and fiscal year ended Oct. 30, 2022. Fourth Quarter Results Applied generated revenue of $6.75 billion. On a GAAP basis, the company achieved gross margin of 45.9 percent, operating income of $1.99 billion or 29.5 percent of net sales, and earnings per share (EPS) of $1.85. On a non-GAAP adjusted basis, the company reported gross margin of 46.0 percent, operating income of $2.01 billion or 29.8 percent of net sales, and EPS of $2.03. The company generated $857 million in cash from operations and returned $1.72 billion to shareholders including $1.50 billion in share repurchases and $223 million in dividends. Full Year Results In fiscal 2022, Applied generated revenue of $25.79 billion. On a GAAP basis, the company recorded gross margin of 46.5 percent, operating income of $7.79 billion or 30.2 percent of net sales, and EPS of $7.44. On a non-GAAP adjusted basis, the company reported gross margin of 46.6 percent, operating income of $7.86 billion or 30.5 percent of net sales, and EPS of $7.70. The company generated $5.40 billion in cash from operations and returned $6.98 billion to shareholders including $6.10 billion in share repurchases and $873 million in dividends. “Applied Materials delivered a strong finish to our fiscal year with record performance, and we remain focused on mitigating supply chain constraints and doing everything possible to meet customer demand,” said Gary Dickerson, President and CEO. “Though we are slowing the rate of spending growth in the near term amid geopolitical and macroeconomic challenges, we are making the strategic investments to win the major technology inflections that will enable Applied to outgrow the semiconductor market.” Results Summary Change Q4 FY2022 Q4 FY2021 FY2022 FY2021 Q4 FY2022vs.Q4 FY2021 FY2022vs.FY2021 (In millions, except per share amounts and percentages...