05.24.22
Applied Materials, Inc. reported results for its second quarter ended May 1, 2022.
Applied generated revenue of $6.25 billion. On a GAAP basis, the company achieved gross margin of 46.9%, operating income of $1.89 billion or 30.3% of net sales, and earnings per share (EPS) of $1.74.
On a non-GAAP adjusted basis, the company reported gross margin of 47.0%, operating income of $1.91 billion or 30.6% of net sales, and EPS of $1.85.
The company generated $415 million in cash from operations and returned $2.01 billion to shareholders including $1.80 billion in share repurchases and $211 million in dividends.
“Demand for Applied Materials’ products and services has never been stronger, yet we remain constrained by on-going supply chain issues,” said Gary Dickerson, president and CEO. “Our priority is to work quickly and creatively across the supply chain to bring more industry capacity on-line, while accelerating the technology inflections that we believe will enable Applied to outgrow the semiconductor market in the years ahead.”
Applied generated revenue of $6.25 billion. On a GAAP basis, the company achieved gross margin of 46.9%, operating income of $1.89 billion or 30.3% of net sales, and earnings per share (EPS) of $1.74.
On a non-GAAP adjusted basis, the company reported gross margin of 47.0%, operating income of $1.91 billion or 30.6% of net sales, and EPS of $1.85.
The company generated $415 million in cash from operations and returned $2.01 billion to shareholders including $1.80 billion in share repurchases and $211 million in dividends.
“Demand for Applied Materials’ products and services has never been stronger, yet we remain constrained by on-going supply chain issues,” said Gary Dickerson, president and CEO. “Our priority is to work quickly and creatively across the supply chain to bring more industry capacity on-line, while accelerating the technology inflections that we believe will enable Applied to outgrow the semiconductor market in the years ahead.”