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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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