11.22.21
Applied Materials, Inc. reported results for its fourth quarter and fiscal year ended Oct. 31, 2021.
Applied generated revenue of $6.12 billion, which was at the low end of the guidance range due to supply chain challenges. On a GAAP basis, the company recorded gross margin of 48.1 percent, operating income of $2.01 billion or 32.9% of net sales, and earnings per share (EPS) of $1.89.
On a non-GAAP adjusted basis, the company reported gross margin of 48.2%, operating income of $2.03 billion or 33.1% of net sales, and EPS of $1.94. The company generated $1.15 billion in cash from operations and returned $1.72 billion to shareholders including $1.50 billion in share repurchases and $216 million in dividends.
Full Year Results
In fiscal 2021, Applied generated revenue of $23.06 billion. On a GAAP basis, the company recorded gross margin of 47.3%, operating income of $6.89 billion or 29.9% of net sales, and EPS of $6.40. On a non-GAAP adjusted basis, the company reported gross margin of 47.5%, operating income of $7.32 billion or 31.7% of net sales, and EPS of $6.84.
The company generated a record $5.44 billion in cash from operations and returned $4.59 billion to shareholders, including $3.75 billion in share repurchases and $838 million in dividends.
“Demand for semiconductors and equipment continues to grow as the pandemic accelerates digital transformation of the economy, and currently, our supply chain cannot keep up,” said Gary Dickerson, president and CEO. “We expect supply shortages of certain silicon components to persist in the near-term, and managing these constraints in partnership with our suppliers and chipmakers is our top priority.”
“Applied delivered strong growth in fiscal 2021, with overall orders up by 62% year over year and Semiconductor Systems orders up 78%,” said Bob Halliday, SVP and CFO. “The momentum continued as our Semiconductor Systems backlog increased during the fourth quarter from $5.5 billion to $6.7 billion, and we see this strength sustaining into 2022.”
Applied generated revenue of $6.12 billion, which was at the low end of the guidance range due to supply chain challenges. On a GAAP basis, the company recorded gross margin of 48.1 percent, operating income of $2.01 billion or 32.9% of net sales, and earnings per share (EPS) of $1.89.
On a non-GAAP adjusted basis, the company reported gross margin of 48.2%, operating income of $2.03 billion or 33.1% of net sales, and EPS of $1.94. The company generated $1.15 billion in cash from operations and returned $1.72 billion to shareholders including $1.50 billion in share repurchases and $216 million in dividends.
Full Year Results
In fiscal 2021, Applied generated revenue of $23.06 billion. On a GAAP basis, the company recorded gross margin of 47.3%, operating income of $6.89 billion or 29.9% of net sales, and EPS of $6.40. On a non-GAAP adjusted basis, the company reported gross margin of 47.5%, operating income of $7.32 billion or 31.7% of net sales, and EPS of $6.84.
The company generated a record $5.44 billion in cash from operations and returned $4.59 billion to shareholders, including $3.75 billion in share repurchases and $838 million in dividends.
“Demand for semiconductors and equipment continues to grow as the pandemic accelerates digital transformation of the economy, and currently, our supply chain cannot keep up,” said Gary Dickerson, president and CEO. “We expect supply shortages of certain silicon components to persist in the near-term, and managing these constraints in partnership with our suppliers and chipmakers is our top priority.”
“Applied delivered strong growth in fiscal 2021, with overall orders up by 62% year over year and Semiconductor Systems orders up 78%,” said Bob Halliday, SVP and CFO. “The momentum continued as our Semiconductor Systems backlog increased during the fourth quarter from $5.5 billion to $6.7 billion, and we see this strength sustaining into 2022.”