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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
Revenue by Segment
Revenue by Geographic Location
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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