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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
Revenue by Segment
Revenue by Geographic Location
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
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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