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Oct 31, 2021
Applied Materials Q4 2021 Earnings Report
Applied Materials reported strong Q4 2021 results with revenue at the low end of guidance due to supply chain challenges, and record annual revenue and operating margin.
Key Takeaways
Applied Materials announced its Q4 and Fiscal Year 2021 results, with record annual revenue of $23.06 billion, up 34% year over year. The company's Q4 revenue reached $6.12 billion, a 31% increase year over year, despite facing supply chain challenges. The company returned $1.72 billion to shareholders through share repurchases and dividends.
Record annual revenue of $23.06 billion, up 34% year over year.
Record annual GAAP operating margin of 29.9%, non-GAAP operating margin of 31.7%, GAAP EPS of $6.40 and non-GAAP EPS of $6.84.
Quarterly revenue of $6.12 billion, up 31% year over year.
Record quarterly GAAP operating margin of 32.9%, non-GAAP operating margin of 33.1%, GAAP EPS of $1.89 and non-GAAP EPS of $1.94.
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 first quarter of fiscal 2022, Applied expects net sales to be approximately $6.16 billion, plus or minus $250 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.78 to $1.92.
Positive Outlook
- Net sales are expected to be approximately $6.16 billion, plus or minus $250 million.
- Non-GAAP adjusted diluted EPS is expected to be in the range of $1.78 to $1.92.
- The net sales outlook includes the expected impact of ongoing supply chain challenges.
- The EPS outlook excludes known charges related to completed acquisitions of $0.01 per share.
- The EPS outlook excludes a net income tax benefit related to intra-entity intangible asset transfers of $0.02 per share.
Challenges Ahead
- The net sales outlook includes the expected impact of ongoing supply chain challenges.
- The EPS outlook does not reflect any items that are unknown at this time.
- The EPS outlook does not include any additional charges related to acquisitions.
- The EPS outlook does not include other non-operational or unusual items.
- The EPS outlook does not include other tax-related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income