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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.
Revenue by Segment
Revenue by Geographic Location
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.
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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