Applied Matls Inc Stock Price, News & Analysis

Applied Materials reported record quarterly revenue of $6.75 billion for Q4 2022, marking a 10% increase year-over-year. The company's GAAP EPS was $1.85, down 2%, while non-GAAP EPS rose 5% to $2.03. For the fiscal year 2022, revenue reached $25.79 billion, a 12% growth. The annual GAAP EPS was $7.44, up 16%. Despite strong results, the company expects Q1 2023 sales of approximately $6.70 billion, facing geopolitical challenges and supply chain issues.

Applied Materials will have Brice Hill, CFO, speaking at the Wells Fargo TMT Summit on Nov. 30, 2022, at 9:20 a.m. PT. The event will take place in Las Vegas, Nevada. A live audio webcast can be accessed on the company's website, with a replay available later the same day. Applied Materials is a leader in materials engineering solutions, pivotal in the production of new chips and advanced displays globally. The company specializes in atomic-level material modification to enable innovative technologies.

Applied Materials and the National Institute for Innovation and Technology (NIIT) announced a new Registered Apprenticeship Program in Texas aimed at enhancing the technician and assembler workforce in the semiconductor industry. This pioneering initiative will leverage NIIT's National Talent Hub to provide targeted training for manufacturing roles, with support from regional partners like Austin Community College. The program addresses the growing need for qualified talent in semiconductor manufacturing, thus contributing to the industry's expansion and resilience.

Applied Materials will host a webcast on November 17, 2022, at 4:30 p.m. ET to discuss its fourth quarter and fiscal 2022 financial results. The event will be accessible via the Applied Materials website and a replay will be available after 8:00 p.m. ET. As a leader in materials engineering solutions for chip and display production, Applied Materials aims to drive innovations for a better future.

Applied Materials has appointed Kevin March to its Board of Directors, enhancing its governance with over 30 years of financial and operational experience, particularly in the semiconductor industry. March previously served as CFO of Texas Instruments and is recognized for building shareholder value. His expertise in capital management and operations will support Applied Materials as it seeks to scale for future growth, according to Chairman Tom Iannotti.

Applied Materials revises its fourth-quarter outlook for fiscal 2022, projecting net sales of approximately $6.4 billion compared to previous estimates of $6.65 billion. This adjustment is primarily due to new U.S. export regulations impacting sales, expected to reduce revenue by about $400 million. Consequently, the anticipated non-GAAP EPS is adjusted to between $1.54 and $1.78, down from $1.82 to $2.18. The company expects similar impacts from regulations to persist into early fiscal 2023.

Applied Materials, Inc. has declared a quarterly cash dividend of $0.26 per share, scheduled for payment on Dec. 15, 2022. Shareholders on record as of Nov. 25, 2022 will receive the dividend. This initiative is part of the company's capital allocation strategy, which in Q3 FY 2022 saw a total of $1.23 billion returned to shareholders via dividends and share repurchases. As of the end of the quarter, the company had approximately $6.4 billion left in its share buyback authorization.

Applied Materials announced that CEO Gary Dickerson and CFO Brice Hill will participate in upcoming investor conferences.

Dickerson will speak at the Goldman Sachs Communacopia + Technology Conference on Sept. 12 at 8:15 a.m. PT / 11:15 a.m. ET.

Hill will attend the Citi Global Technology Conference on Sept. 7 at 5:15 a.m. PT / 8:15 a.m. ET, followed by the Evercore ISI Technology Conference starting at 11:15 a.m. PT / 2:15 p.m. ET.

A live audio webcast will be available on the Applied Materials website, with replays accessible later.

Applied Materials reported record quarterly revenue of $6.52 billion, a 5% increase year over year, for Q3 FY2022. GAAP earnings per share (EPS) stood at $1.85, down 1% year over year, while non-GAAP EPS rose 2% to $1.94. The company generated $1.47 billion in cash from operations and returned $1.23 billion to shareholders. For Q4 FY2022, Applied expects net sales around $6.65 billion, impacted by ongoing supply chain challenges. Management remains optimistic about the long-term strength of the semiconductor market.