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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.
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
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.
- Other tax related items are not included.
- The company is not able to predict these items without unreasonable efforts due to their inherent uncertainty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income