Press release
Applied Materials Announces Third Quarter 2021 Results
Record quarterly revenue of $6.20 billion, up 41 percent year over yearRecord quarterly GAAP operating margin of 32.5 percent and record non-GAAP operating
About this update from Applied Materials, Inc.
[{"type":"text","content":"Record quarterly revenue of $6.20 billion, up 41 percent year over yearRecord quarterly GAAP operating margin of 32.5 percent and record non-GAAP operating margin of 32.7 percent, up 7.3 points and 6.3 points year over year, respectivelyRecord quarterly GAAP EPS of $1.87 and record non-GAAP EPS of $1.90, up 105 percent and 79 percent year over year, respectively SANTA CLARA, Calif., Aug. 19, 2021 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its third quarter ended Aug. 1, 2021. Third Quarter Results Applied generated revenue of $6.20 billion. On a GAAP basis, the company recorded gross margin of 47.9 percent, operating income of $2.01 billion or 32.5 percent of net sales, and earnings per share (EPS) of $1.87. On a non-GAAP adjusted basis, the company reported gross margin of 48.0 percent, operating income of $2.03 billion or 32.7 percent of net sales, and EPS of $1.90. The company generated $1.69 billion in cash from operations and returned $1.72 billion to shareholders including $1.50 billion in share repurchases and $219 million in dividends. “Applied Materials delivered record performance as long-term trends fueled by the digital transformation of the economy drive strong, secular demand for semiconductors,” said Gary Dickerson, President and CEO. “Applied has the broadest and most enabling portfolio of technologies to accelerate our customers’ roadmaps, putting us in a great position to outperform our markets again in 2021 and the years ahead.” Quarterly Results Summary Q3 FY2021 Q3 FY2020 Change (In millions, except per share amounts and percentages) Net sales$6,196 $4,395 41% Gross margin47.9% 44.5% 3.4 points Operating margin32.5% 25.2% 7.3 points Net income$1,716 $841 104% Diluted earnings per share$1.87 $0.91 105%Non-GAAP Adjusted Results Non-GAAP adjusted gross margin48.0% 45.0% 3.0 points Non-GAAP adjusted operating margin32.7% 26.4% 6.3 points Non-GAAP adjusted net income$1,740 $976 78% Non-GAAP adjusted diluted EPS$1.90 $1.06 79% A reconciliation of the GAAP and non-GAAP adjusted results is provided in the financial tables included in this release. See also “Use of Non-GAAP Adjusted Financial Measures” section. Business Outlook In the fourth quarter of fiscal 2021, Applied expects net sales to be approximately $6.33 billion, plus or minus $250 million. Non-GAAP adjusted dilu...