Applied Matls Inc Stock Price, News & Analysis

The CEOs of GlobalFoundries (GFS), Applied Materials (AMAT), and Ford (F) will co-host a summit with government officials to foster partnerships following the CHIPS and Science Act's passage. This act aims to enhance U.S. semiconductor manufacturing, addressing supply chain challenges and supporting economic and national security. Key leaders like Brian Deese and Dr. William LaPlante will engage in discussions on optimizing semiconductor production and promoting transportation electrification. The summit, held on August 8, 2022, underscores a commitment to domestic manufacturing and innovation.

Applied Materials will host a webcast to discuss its third quarter fiscal 2022 financial results on August 18, 2022, at 4:30 p.m. ET. The event is accessible via the company's website, with a replay available the same day at 8:00 p.m. ET.

As a leader in materials engineering solutions for chip and display production, Applied Materials continues to innovate and transform industry possibilities into real-world applications.

Applied Materials has acquired Picosun Oy, a Finnish semiconductor equipment company, enhancing its capabilities in atomic layer deposition (ALD) technology for specialty semiconductors.

This acquisition aims to address the increasing demand for innovative chips in IoT, automotive, and communication sectors. The deal bolsters Applied’s ICAPS group by integrating Picosun's R&D expertise and strong industry connections.

The transaction received approval from Finland's Ministry of Economic Affairs, although financial details remain undisclosed.

Applied Materials has announced a quarterly cash dividend of $0.26 per share, payable on September 15, 2022, to shareholders on record as of August 25, 2022. This dividend is part of the company’s strategy to return value to shareholders, which included $2.01 billion returned through dividends and share repurchases in Q2 of fiscal 2022. At the end of that quarter, Applied had approximately $7.4 billion remaining in its share buyback authorization.

Applied Materials, Inc. has launched a new system aimed at addressing electrical resistance issues in chip manufacturing. The Endura Ioniq PVD System allows chipmakers to replace high-resistance layers with a low-resistance tungsten film, facilitating 2D scaling to the 3nm node and enhancing chip performance. The innovative approach is essential as chips are miniaturized, overcoming significant barriers in performance and power consumption. Leading customers have already selected this system, showcasing its impact on the semiconductor industry.

Applied Materials reported a Q2 FY2022 revenue of $6.25 billion, marking a 12% year-over-year increase. The GAAP operating margin improved to 30.3%, while non-GAAP operating margin slightly decreased to 30.6%. GAAP EPS rose by 22% to $1.74, and non-GAAP EPS increased 13% to $1.85. Despite strong demand, the company faces ongoing supply chain challenges. For Q3, revenue is projected around $6.25 billion, with non-GAAP EPS expected between $1.59 and $1.95.

Applied Materials announced that Gary Dickerson (President and CEO) and Brice Hill (Senior Vice President and CFO) will participate in upcoming investor conferences. Dickerson will speak at the Bernstein Strategic Decisions Conference in New York on June 2 at 8:00 a.m. PT / 11:00 a.m. ET. Hill will attend the BofA Securities Global Technology Conference in San Francisco on June 7 at 10:15 a.m. PT / 1:15 p.m. ET. Live webcasts of both sessions will be available on the Applied Materials website, with replays accessible later the same day.

Applied Materials will host a webcast to discuss its second quarter fiscal 2022 financial results on May 19, 2022, at 4:30 p.m. ET. The live event can be accessed through the company's website, with a replay available later that evening. Applied Materials, traded on Nasdaq as AMAT, leads in materials engineering solutions critical for chip and display production, showcasing its expertise in atomic-level material modification.