Applied Matls Inc Stock Price, News & Analysis

Applied Materials announced Brice Hill as the new Senior Vice President and Chief Financial Officer, effective immediately. With 25 years of experience in the semiconductor industry, Hill previously served as CFO of Xilinx and held various finance leadership roles at Intel. Gary Dickerson, President and CEO, expressed confidence in Hill's capabilities during a period of significant growth in the semiconductor sector. Hill succeeds interim CFO Bob Halliday, who will remain with the company to ensure a smooth transition.

Applied Materials reported record quarterly revenue of $6.27 billion, a 21% increase year-over-year. The company achieved a GAAP operating margin of 31.5% and a non-GAAP operating margin of 31.7%, up significantly from last year. GAAP earnings per share (EPS) rose 64% to $2.00, while non-GAAP EPS increased 36% to $1.89. Despite ongoing supply chain challenges, the company generated $2.66 billion in cash from operations, returning $2.02 billion to shareholders through buybacks and dividends.

Applied Materials, Inc. will host a webcast to discuss its first quarter fiscal 2022 financial results on February 16, 2022, at 4:30 p.m. ET. The live event will be available on their website, with a replay starting at 8:00 p.m. ET. Applied Materials is a leader in materials engineering solutions, crucial for producing advanced chips and displays globally.

Applied Materials and the Institute of Microelectronics (IME) in Singapore have announced a five-year extension of their R&D collaboration focused on advanced packaging technologies. This new phase aims to drive breakthroughs in hybrid bonding and 3D chip integration technologies, with a combined investment of approximately USD$210 million for facility upgrades. The collaboration seeks to enhance semiconductor innovation and maintain Singapore's competitiveness in the sector. This year marks the 30th anniversary of Applied Materials' operations in Singapore, highlighting a commitment to local talent and infrastructure development.

Applied Materials has declared a quarterly cash dividend of $0.24 per share, set for payment on March 16, 2022. Shareholders of record as of February 23, 2022 will receive this dividend. This move is part of Applied's capital allocation strategy, which saw the company return $4.59 billion to shareholders through dividends and share repurchases in fiscal 2021. Additionally, the firm retains approximately $5.0 billion in share buyback authorization.

Applied Materials will feature CEO Gary Dickerson in a fireside chat at the Credit Suisse Technology Conference in Scottsdale, Arizona on Nov. 30 at 9:00 a.m. PT. A live audio webcast will be available on their website, with a replay accessible later the same day. Applied Materials, symbol AMAT, is a leader in materials engineering solutions crucial for chip and display production, enabling innovations that shape a better future.

Applied Materials, Inc. will host a webcast to discuss its fourth quarter and fiscal 2021 financial results on November 18, 2021, at 4:30 p.m. ET. The live event will be accessible via the company's website, with a replay available from 8:00 p.m. ET on the same day. As a leader in materials engineering solutions, Applied Materials plays a crucial role in producing new chips and advanced displays, highlighting its expertise in modifying materials at atomic levels to enable technological advancements.

Applied Materials has introduced the PROVision® 3E system, a groundbreaking eBeam metrology solution designed for advanced chip manufacturing. This system offers nanometer resolution, high speed, and through-layer imaging, enabling accurate measurements vital for complex chip designs.

With 30 installations at leading foundry-logic, DRAM, and NAND customers, the PROVision 3E system resolves critical measurement issues associated with feature shrinking and 3D designs. This innovation supports enhanced performance, power, and time-to-market efficiencies for semiconductor manufacturers.