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Jul 26, 2020
Applied Materials Q3 2020 Earnings Report
Applied Materials reported strong Q3 2020 results with revenue up 23% year over year and EPS exceeding expectations.
Key Takeaways
Applied Materials announced outstanding financial results for Q3 2020, with revenue reaching $4.40 billion, a 23% increase year-over-year. GAAP EPS was $0.91, and non-GAAP EPS was $1.06, representing increases of 49% and 43% year-over-year, respectively. The company returned $402 million to shareholders through share repurchases and dividends.
Quarterly revenue reached $4.40 billion, a 23% increase year-over-year.
GAAP EPS was $0.91, up 49% year-over-year.
Non-GAAP EPS was $1.06, up 43% year-over-year.
Returned $402 million to shareholders through share repurchases and dividends.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the fourth quarter of fiscal 2020, Applied expects net sales to be approximately $4.60 billion, plus or minus $200 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.11 to $1.23.
Positive Outlook
- Net sales are expected to be approximately $4.60 billion, plus or minus $200 million.
- Non-GAAP adjusted diluted EPS is expected to be in the range of $1.11 to $1.23.
- Outlook excludes known charges related to completed acquisitions of $0.01 per share.
- Outlook includes the normalized tax benefit of share-based compensation of $0.02 per share.
- Outlook includes a net income tax benefit related to intra-entity intangible asset transfers of $0.02 per share.
Challenges Ahead
- Outlook does not reflect any items that are unknown at this time.
- Additional charges related to acquisitions are not included.
- Other non-operational or unusual items are not reflected.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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