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Jan 31, 2021
Applied Materials Q1 2021 Earnings Report
Applied Materials reported record quarterly revenue and non-GAAP EPS, driven by strong demand in the semiconductor business.
Key Takeaways
Applied Materials announced record quarterly revenue of $5.16 billion, up 24 percent year over year. The company reported GAAP EPS of $1.22 and record non-GAAP EPS of $1.39, up 27 percent and 42 percent year over year, respectively. Cash from operations was $1.42 billion.
Record quarterly revenue of $5.16 billion, up 24 percent year over year
GAAP EPS of $1.22, up 27 percent year over year
Record non-GAAP EPS of $1.39, up 42 percent year over year
Generated $1.42 billion in cash from operations
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
In the second quarter of fiscal 2021, Applied expects net sales to be approximately $5.39 billion, plus or minus $200 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.44 to $1.56.
Positive Outlook
- Net sales to be approximately $5.39 billion, plus or minus $200 million.
- Non-GAAP adjusted diluted EPS is expected to be in the range of $1.44 to $1.56.
- Excludes known charges related to completed acquisitions of $0.01 per share
- Includes the normalized tax benefit of share-based compensation of $0.01 per share
- Includes a net income tax benefit related to intra-entity intangible asset transfers of $0.03 per share
Challenges Ahead
- Outlook does not reflect any items that are unknown at this time
- Doesn't include any additional charges related to acquisitions or other non-operational or unusual items
- Doesn't include other tax related items
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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