05.26.21
Applied Materials, Inc. reported record quarterly revenue numbers in the second quarter of 2021, posting quarterly revenue of $5.58 billion, which is up 41% year over year. On a GAAP basis, the company recorded gross margin of 47.5%, operating income of $1.58 billion or 28.3% of net sales, and earnings per share (EPS) of $1.43.
On a non-GAAP adjusted basis, the company reported gross margin of 47.7%, operating income of $1.77 billion or 31.7% of net sales, and EPS of $1.63.
The company generated $1.19 billion in cash from operations and returned $952 million to shareholders including $750 million in share repurchases and $202 million in dividends.
“Applied Materials’ record performance is underpinned by broad-based strength across our semiconductor businesses,” said Gary Dickerson, President and CEO. “We are confident in our ability to outperform our markets as large, secular trends create sustainable demand for semiconductors and our leadership in materials engineering becomes increasingly critical to deliver new chip technologies.”
On a non-GAAP adjusted basis, the company reported gross margin of 47.7%, operating income of $1.77 billion or 31.7% of net sales, and EPS of $1.63.
The company generated $1.19 billion in cash from operations and returned $952 million to shareholders including $750 million in share repurchases and $202 million in dividends.
“Applied Materials’ record performance is underpinned by broad-based strength across our semiconductor businesses,” said Gary Dickerson, President and CEO. “We are confident in our ability to outperform our markets as large, secular trends create sustainable demand for semiconductors and our leadership in materials engineering becomes increasingly critical to deliver new chip technologies.”
