Applied Matls Inc Stock Price, News & Analysis

Applied Materials, Inc. reported a robust quarterly revenue of $4.40 billion, a 23% increase year-over-year. The company achieved a GAAP EPS of $0.91 and a non-GAAP EPS of $1.06, reflecting increases of 49% and 43% year-over-year, respectively. With a gross margin of 44.5% and operating income at $1.11 billion, the firm returned $402 million to shareholders through buybacks and dividends. The forecast for Q4 FY2020 predicts net sales of approximately $4.60 billion.

Applied Materials has launched the Centris Sym3 Y, an advanced conductor etch system designed for critical applications in 3D NAND, DRAM, and foundry-logic nodes. This new system enhances etching precision and reduces defects, contributing to improved yield rates. Notably, Applied Materials has shipped its 5,000th Sym3 chamber, marking a significant milestone. The Sym3 family is integral to the company's strategy to support customers in developing innovative chip designs and improving production processes. The new system is currently operational with key industry clients worldwide.

Applied Materials will host a webcast to announce its third quarter fiscal 2020 financial results on August 13, 2020, at 4:30 p.m. ET. The webcast can be accessed through the company's website, with a replay available later that night. As a leader in materials engineering solutions, Applied Materials plays a crucial role in the production of chips and advanced displays globally, influencing the technology of the future.

Applied Materials, Inc. CEO Gary Dickerson revealed the company's new vision, 'Make Possible a Better Future,' during his keynote at SEMICON West. The company aims for 100% renewable energy sourcing in the U.S. by 2022 and globally by 2030, with a 50% reduction in carbon emissions by 2030. Applied is also launching the SuCCESS2030 initiative to promote environmental and social sustainability in the semiconductor supply chain. Moreover, the company is focused on improving eco-efficiency in chip manufacturing to support energy-efficient AI computing.

Applied Materials has launched the SuCCESS2030 initiative, a 10-year roadmap aimed at enhancing sustainability across its supply chain. This initiative emphasizes reducing carbon emissions and promoting ethical practices, including diversity and inclusion. Key suppliers are committed to shared goals such as a 15% emissions reduction by 2024 and transitioning to 80% recycled content packaging by the end of 2023. The initiative is part of the company's broader commitment to environmental, social, and governance (ESG) principles.

Applied Materials has announced its commitment to achieve 100% renewable energy sourcing by 2030, aligning with its environmental goals. The company has signed a power purchase agreement (PPA) with Apex Clean Energy for 10% of the 500 MW White Mesa Wind project in Texas, which will supply enough energy for over 13,000 homes. This initiative aims to help reduce its carbon footprint, targeting 73% renewable energy sourcing by 2022 globally. The collaboration highlights Applied’s leadership in renewable energy within the technology sector.

Applied Materials has unveiled its new Selective Tungsten process technology, designed to eliminate a critical bottleneck in 2D scaling for foundry-logic nodes. This innovation allows for improved transistor contact formation, crucial for chip performance and power consumption. The technology enables continued scaling down to 5nm and 3nm nodes, enhancing power, performance, and cost-efficiency (PPAC). The Endura Volta Selective Tungsten CVD system has already been adopted by multiple leading chipmakers, marking a significant advancement in semiconductor manufacturing.

Applied Materials is set to showcase advancements in sustainable AI and big data during the 50th annual SEMICON West on July 21, 2020. The keynote speakers include former Vice President Al Gore and CEO Gary Dickerson, focusing on the industry's role in addressing climate change through energy-efficient technologies. Experts from leading companies like Google, Intel, and Microsoft will participate in a panel discussing sustainable growth in AI and cloud computing, emphasizing the need for improved resource efficiency within the semiconductor sector.

Applied Materials, Inc. announced a quarterly cash dividend of $0.22 per share, payable on September 10, 2020, to shareholders of record as of August 20, 2020. This dividend reflects the company's commitment to returning value to shareholders, with $392 million returned in the second quarter of fiscal 2020 through dividends and share repurchases. At the close of the quarter, Applied had approximately $1.5 billion remaining in its share buyback authorization.