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May 02, 2021
Applied Materials Q2 2021 Earnings Report
Applied Materials reported record quarterly revenue and EPS, driven by broad-based strength in its semiconductor businesses.
Key Takeaways
Applied Materials announced record quarterly revenue of $5.58 billion, up 41 percent year over year. The company's GAAP EPS was $1.43, and non-GAAP EPS was a record $1.63, up 74 percent and 83 percent year over year, respectively.
Record quarterly revenue of $5.58 billion, up 41 percent year over year
GAAP operating margin of 28.3 percent and non-GAAP operating margin of 31.7 percent, up 4.7 points and 7.0 points year over year, respectively
GAAP EPS of $1.43 and record non-GAAP EPS of $1.63, up 74 percent and 83 percent year over year, respectively
Generated $1.19 billion in cash from operations and returned $952 million to shareholders
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
In the third quarter of fiscal 2021, Applied expects net sales to be approximately $5.92 billion, plus or minus $200 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.70 to $1.82.
Positive Outlook
- Net sales to be approximately $5.92 billion, plus or minus $200 million.
- Non-GAAP adjusted diluted EPS is expected to be in the range of $1.70 to $1.82.
- 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
- Excludes any additional charges related to acquisitions
- Excludes other non-operational or unusual items
- Excludes other tax related items
- Outlook does not reflect any items that are unknown at this time
- The company is not able to predict without unreasonable efforts due to their inherent uncertainty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income