11.19.19
Applied Materials, Inc. reported results for its fourth quarter and fiscal year ended Oct. 27, 2019.
In the fourth quarter of 2019, Applied generated revenue of $3.75 billion. On a GAAP basis, the company recorded gross margin of 43.5%, operating income of $864 million or 23.0% of net sales, and earnings per share (EPS) of $0.75.
On a non-GAAP adjusted basis, the company reported gross margin of 43.8%, operating income of $888 million or 23.7% of net sales, and EPS of $0.80. The company returned $694 million to shareholders including $500 million in share repurchases and dividends of $194 million.
In fiscal 2019, Applied generated revenue of $14.61 billion. On a GAAP basis, the company recorded gross margin of 43.7%, operating income of $3.35 billion or 22.9% of net sales, and EPS of $2.86.
On a non-GAAP adjusted basis, the company reported gross margin of 44.0%, operating income of $3.43 billion or 23.5% of net sales, and EPS of $3.04.
The company generated $3.25 billion in cash from operations, paid dividends of $771 million and used $2.4 billion to repurchase 60 million shares of common stock.
“Applied Materials’ fourth quarter results reflect a healthy uptick in demand for semiconductor equipment, combined with strong execution across the company,” said Gary Dickerson, president and CEO. “The semiconductor industry is increasingly adopting a new playbook for improving chip performance, power, area and cost, and we are investing in unique solutions to enable our customers’ success in the AI-Big Data era.”
In the fourth quarter of 2019, Applied generated revenue of $3.75 billion. On a GAAP basis, the company recorded gross margin of 43.5%, operating income of $864 million or 23.0% of net sales, and earnings per share (EPS) of $0.75.
On a non-GAAP adjusted basis, the company reported gross margin of 43.8%, operating income of $888 million or 23.7% of net sales, and EPS of $0.80. The company returned $694 million to shareholders including $500 million in share repurchases and dividends of $194 million.
In fiscal 2019, Applied generated revenue of $14.61 billion. On a GAAP basis, the company recorded gross margin of 43.7%, operating income of $3.35 billion or 22.9% of net sales, and EPS of $2.86.
On a non-GAAP adjusted basis, the company reported gross margin of 44.0%, operating income of $3.43 billion or 23.5% of net sales, and EPS of $3.04.
The company generated $3.25 billion in cash from operations, paid dividends of $771 million and used $2.4 billion to repurchase 60 million shares of common stock.
“Applied Materials’ fourth quarter results reflect a healthy uptick in demand for semiconductor equipment, combined with strong execution across the company,” said Gary Dickerson, president and CEO. “The semiconductor industry is increasingly adopting a new playbook for improving chip performance, power, area and cost, and we are investing in unique solutions to enable our customers’ success in the AI-Big Data era.”
