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Jul 31, 2022
Applied Materials Q3 2022 Earnings Report
Applied Materials reported record quarterly revenue despite supply chain constraints.
Key Takeaways
Applied Materials announced record quarterly revenue of $6.52 billion, a 5% increase year over year. GAAP EPS was $1.85, down 1% year over year, while non-GAAP EPS was $1.94, up 2% year over year. The company generated $1.47 billion in cash from operations and returned $1.23 billion to shareholders.
Record quarterly revenue of $6.52 billion, up 5% year over year.
GAAP EPS of $1.85 and non-GAAP EPS of $1.94, down 1% and up 2% year over year, respectively.
Generated $1.47 billion in cash from operations.
Returned $1.23 billion 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
For the fourth quarter of fiscal 2022, Applied expects net sales to be approximately $6.65 billion, plus or minus $400 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.82 to $2.18.
Positive Outlook
- Net sales are expected to be approximately $6.65 billion, plus or minus $400 million.
- Non-GAAP adjusted diluted EPS is expected to be in the range of $1.82 to $2.18.
- 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 $0.03 per share
- The company feels confident in its ability to navigate macroeconomic headwinds
Challenges Ahead
- Net sales outlook includes the expected impact of ongoing supply chain challenges.
- Non-GAAP adjusted diluted EPS excludes known charges related to completed acquisitions of $0.01 per share.
- Outlook 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.
- Other tax related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty
- Ongoing supply chain challenges constrained our ability to meet demand
Revenue & Expenses
Visualization of income flow from segment revenue to net income