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Applied Materials
🇺🇸 NASDAQ:AMAT
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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.

Total Revenue
$6.12B
Previous year: $4.69B
+30.6%
EPS
$1.94
Previous year: $1.25
+55.2%
Gross Margin
48.1%
Previous year: 45.4%
+5.9%
Operating Margin
32.9%
Previous year: 27.4%
+20.1%
Non-GAAP Gross Margin
48.2%
Previous year: 45.7%
+5.5%
Gross Profit
$2.95B
Previous year: $2.13B
+38.3%
Cash and Equivalents
$5B
Previous year: $5.35B
-6.7%
Free Cash Flow
$942M
Previous year: $1.32B
-28.4%
Total Assets
$25.8B
Previous year: $22.4B
+15.5%

Applied Materials

Applied Materials

Applied Materials Revenue by Segment

Applied Materials Revenue by Geographic Location

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

Company Overview

Full financial data and analysis

View Applied Materials