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Jan 29, 2023
Applied Materials Q1 2023 Earnings Report
Applied Materials reported strong first quarter results, with revenue up 7% year over year and EPS exceeding expectations.
Key Takeaways
Applied Materials announced its Q1 2023 results, reporting revenue of $6.74 billion, a 7% increase year over year. The company's GAAP EPS was $2.02, and non-GAAP EPS was $2.03. They generated $2.27 billion in cash from operations and returned $470 million to shareholders.
Revenue reached $6.74 billion, up 7% year over year.
GAAP operating margin was 29.2%, while non-GAAP operating margin was 29.5%.
GAAP EPS was $2.02, and non-GAAP EPS was $2.03, reflecting increases of 1% and 7% year over year, respectively.
Cash from operations totaled $2.27 billion.
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 2023, Applied expects net sales to be approximately $6.40 billion, plus or minus $400 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.66 to $2.02.
Challenges Ahead
- Net sales to be approximately $6.40 billion, plus or minus $400 million, which includes ongoing supply chain challenges.
- Includes a negative estimated impact of $250 million dollars related to a cybersecurity event recently announced by one of our suppliers.
- Non-GAAP adjusted diluted EPS is expected to be in the range of $1.66 to $2.02.
Revenue & Expenses
Visualization of income flow from segment revenue to net income