•
Oct 25, 2020

Applied Materials Q4 2020 Earnings Report

Applied Materials reported record quarterly revenue and EPS, driven by strong demand for semiconductor systems and services.

Key Takeaways

Applied Materials announced record quarterly revenue of $4.69 billion, up 25% year over year, and record quarterly GAAP EPS of $1.23 and non-GAAP EPS of $1.25, up 64% and 56% year over year, respectively. The company generated $1.32 billion in cash from operations and returned $250 million to shareholders through dividends and share repurchases.

Record quarterly revenue of $4.69 billion, up 25 percent year over year.

Record quarterly GAAP EPS of $1.23 and non-GAAP EPS of $1.25, up 64 percent and 56 percent year over year, respectively.

Generated $1.32 billion in cash from operations.

Returned $250 million to shareholders, including dividends and share repurchases.

Total Revenue
$4.69B
Previous year: $3.75B
+24.9%
EPS
$1.25
Previous year: $0.8
+56.2%
Gross Margin
45.4%
Previous year: 43.5%
+4.4%
Operating Margin
27.4%
Previous year: 23%
+19.1%
Non-GAAP Gross Margin
45.7%
Previous year: 43.8%
+4.3%
Gross Profit
$2.13B
Previous year: $1.63B
+30.4%
Cash and Equivalents
$5.35B
Previous year: $3.13B
+71.0%
Free Cash Flow
$1.32B
Previous year: $729M
+80.4%
Total Assets
$22.4B
Previous year: $19B
+17.5%

Applied Materials

Applied Materials

Applied Materials Revenue by Segment

Applied Materials Revenue by Geographic Location

Forward Guidance

In the first quarter of fiscal 2021, Applied expects net sales to be approximately $4.95 billion, plus or minus $200 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.20 to $1.32.

Revenue & Expenses

Visualization of income flow from segment revenue to net income