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Jan 30, 2022
Applied Materials Q1 2022 Earnings Report
Applied Materials reported record quarterly revenue and increased profitability, driven by strong demand and strategic positioning.
Key Takeaways
Applied Materials announced record quarterly revenue of $6.27 billion, a 21% increase year-over-year. GAAP EPS was $2.00, up 64% year-over-year, and non-GAAP EPS was $1.89, up 36% year-over-year. The company generated $2.66 billion in cash from operations and returned $2.02 billion to shareholders through share repurchases and dividends.
Record quarterly revenue of $6.27 billion, up 21% year-over-year.
GAAP operating margin of 31.5% and non-GAAP operating margin of 31.7%, increased by 6.6 points and 2.7 points year-over-year, respectively.
GAAP EPS of $2.00 and non-GAAP EPS of $1.89, up 64% and 36% year-over-year, respectively.
Generated $2.66 billion in cash from operations and returned $2.02 billion to shareholders.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second quarter of fiscal 2022, Applied expects net sales to be approximately $6.35 billion, plus or minus $300 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.75 to $2.05.
Positive Outlook
- Net sales are expected to be approximately $6.35 billion, plus or minus $300 million.
- Non-GAAP adjusted diluted EPS is expected to be in the range of $1.75 to $2.05.
- 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 $0.02 per share
- Reflects strong demand and strategic positioning
Challenges Ahead
- Includes the expected impact of ongoing supply chain challenges.
- Excludes known charges related to completed acquisitions of $0.01 per share.
- Does not reflect any items that are unknown at this time, such as any additional charges related to acquisitions or other non-operational or unusual 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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