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Oct 30, 2022
Applied Materials Q4 2022 Earnings Report
Applied Materials reported record quarterly revenue and record non-GAAP EPS, despite a slight decrease in GAAP EPS, while also returning significant value to shareholders through share repurchases and dividends.
Key Takeaways
Applied Materials announced strong Q4 2022 results, featuring record quarterly revenue of $6.75 billion, a 10% increase year-over-year. The company's GAAP EPS was $1.85, while non-GAAP EPS reached a record $2.03. Applied Materials also generated $857 million in cash from operations and returned $1.72 billion to shareholders through share repurchases and dividends.
Record quarterly revenue of $6.75 billion, up 10% year-over-year.
GAAP EPS of $1.85, a decrease of 2% year-over-year.
Record non-GAAP EPS of $2.03, up 5% year-over-year.
Returned $1.72 billion to shareholders through share repurchases and dividends.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the first quarter of fiscal 2023, Applied Materials anticipates net sales of approximately $6.70 billion, plus or minus $400 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.75 to $2.11.
Positive Outlook
- Net sales to be approximately $6.70 billion, plus or minus $400 million.
- Non-GAAP adjusted diluted EPS is expected to be in the range of $1.75 to $2.11.
- Includes a net income tax benefit related to intra-entity intangible asset transfers of $0.02 per share.
- Focused on mitigating supply chain constraints.
- Strategic investments to win the major technology inflections.
Challenges Ahead
- Includes the expected impact of recently announced U.S. export regulations.
- Ongoing supply chain challenges.
- Excludes known charges related to completed acquisitions of $0.01 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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