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Jan 26, 2020
Applied Materials Q1 2020 Earnings Report
Applied Materials reported first quarter results with revenue up 11 percent year over year and returned $392 million to shareholders.
Key Takeaways
Applied Materials' first quarter earnings exceeded the top-end of their guidance, giving them great momentum entering 2020. The company generated revenue of $4.16 billion, with a GAAP EPS of $0.96 and a non-GAAP EPS of $0.98. They returned $392 million to shareholders through share repurchases and dividends.
Quarterly revenue of $4.16 billion, up 11 percent year over year
GAAP EPS of $0.96 and non-GAAP EPS of $0.98, up 20 percent and 21 percent year over year, respectively
Returned $392 million to shareholders
First quarter earnings exceeded the top-end of guidance
Applied Materials
Applied Materials
Applied Materials Revenue by Segment
Applied Materials Revenue by Geographic Location
Revenue by Segment
Semiconductor Systems Revenue
CapyFin.comApplied Global Services Revenue
CapyFin.comDisplay Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comEurope Revenue
CapyFin.comJapan Revenue
CapyFin.comKorea Revenue
CapyFin.comTaiwan Revenue
CapyFin.comSoutheast Asia Revenue
CapyFin.comChina Revenue
CapyFin.com Forward Guidance
For the second quarter of fiscal 2020, Applied expects net sales to be approximately $4.34 billion, plus or minus $200 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $0.98 to $1.10.
Positive Outlook
- Net sales expected to be approximately $4.34 billion, plus or minus $200 million.
- Non-GAAP adjusted diluted EPS is expected to be in the range of $0.98 to $1.10.
- Includes the normalized tax benefit of share-based compensation of $0.01 per share
- Includes net income tax benefit related to intra-entity intangible asset transfers of $0.03 per share
Challenges Ahead
- Excludes known charges related to completed acquisitions of $0.01 per share
- Does not reflect any items that are unknown at this time
- Excludes any additional charges related to acquisitions or other non-operational or unusual items
- Does not include other tax related items
- The company is not able to predict these items without unreasonable efforts due to their inherent uncertainty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income