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May 01, 2022
Applied Materials Q2 2022 Earnings Report
Applied Materials reported Q2 2022 results with revenue up 12% year over year and GAAP EPS of $1.74.
Key Takeaways
Applied Materials announced its second quarter 2022 results, with revenue reaching $6.25 billion, a 12% increase year over year. The company's GAAP EPS was $1.74, up by 22% compared to the previous year. However, ongoing supply chain issues continue to pose constraints.
Quarterly revenue reached $6.25 billion, reflecting a 12% increase year-over-year.
GAAP operating margin was 30.3%, while non-GAAP operating margin was 30.6%.
GAAP EPS stood at $1.74, marking a 22% increase year-over-year.
Non-GAAP EPS was $1.85, a 13% increase year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
In the third quarter of fiscal 2022, Applied expects net sales to be approximately $6.25 billion, plus or minus $400 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.59 to $1.95.
Positive Outlook
- Net sales are expected to be approximately $6.25 billion, plus or minus $400 million.
- Includes the normalized tax benefit of share-based compensation of $0.02 per share
- Includes a net income tax benefit related to intra-entity intangible asset transfers of $0.02 per share
Challenges Ahead
- Outlook 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
- Does not reflect other tax related items
- 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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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