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Applied Materials Inc. develops materials engineering equipment and process technologies used in semiconductor manufacturing and advanced displays. News about AMAT centers on chipmaking systems for atomic-scale deposition, Gate-All-Around logic, DRAM and high-bandwidth memory, 3D advanced packaging, and process control for AI and high-performance computing devices.
Company updates also cover EPIC Center collaborations with chipmakers and ecosystem partners, commercialization pathways from R&D to high-volume manufacturing, quarterly earnings communications, dividend actions, capital allocation, and investor-conference participation.
Applied Materials has introduced advanced solutions to facilitate the transition of silicon carbide (SiC) chipmakers from 150mm to 200mm wafer production, effectively doubling die output. The company's new 200mm CMP system enhances chip performance and yield by significantly reducing surface roughness. Additionally, Applied's hot implant technology optimizes ion implantation, resulting in a 40X reduction in resistivity. These innovations aim to meet the rising demand for efficient SiC power semiconductors essential in electric vehicle powertrains.
Applied Materials has declared a quarterly cash dividend of $0.24 per share, scheduled for payment on December 16, 2021, to shareholders of record as of November 26, 2021. This dividend aligns with the company's capital allocation strategy, which returned $1.72 billion or 111% of free cash flow to shareholders during the third quarter of fiscal 2021. Additionally, the company has approximately $6.5 billion remaining in its share buyback authorization.
Applied Materials reported record quarterly revenue of $6.20 billion, a significant 41% increase year-over-year. The company achieved a GAAP operating margin of 32.5% and a non-GAAP operating margin of 32.7%, marking substantial year-over-year improvements. GAAP earnings per share (EPS) reached $1.87, up 105%, while non-GAAP EPS was $1.90, reflecting a 79% increase. The third quarter concluded with cash from operations totaling $1.69 billion and $1.72 billion returned to shareholders through share repurchases and dividends.
Applied Materials, Inc. announced that Dan Durn, Senior Vice President and CFO, will participate in several upcoming virtual investor conferences. The events include:
- Needham SemiCap and EDA Conference on Aug. 24 at 9:45 a.m. PT / 12:45 p.m. ET.
- Deutsche Bank Technology Conference on Sept. 10 at 9:45 a.m. PT / 12:45 p.m. ET.
- Citi Global Technology Conference on Sept. 15 at 10:00 a.m. PT / 1:00 p.m. ET.
- J.P. Morgan U.S. All Stars Conference on Sept. 21 at 9:00 a.m. PT / 12:00 p.m. ET.
A live webcast will be available on the company's website.
Applied Materials will host a webcast to discuss its third quarter of fiscal 2021 financial results on August 19, 2021, at 4:30 p.m. ET. The live session can be accessed on the company's website, with a replay available later the same day starting at 8:00 p.m. ET. As a leader in materials engineering solutions, Applied Materials supports the production of new chips and advanced displays globally, driving innovation and transformation in the industry.
Applied Materials has introduced the Endura® Copper Barrier Seed IMS™ system, a breakthrough for wiring advanced logic chips, enabling scaling to the 3nm node. This solution combines seven process technologies under vacuum, reducing electrical resistance at the via contact interface by up to 50%. The new materials engineering approach enhances chip performance and power efficiency, addressing the challenges of smaller interconnects that traditionally increase resistance. Leading foundry-logic customers are already utilizing this system to facilitate advanced chip design and improve battery life.
Applied Materials announced a quarterly cash dividend of $0.24 per share, payable on September 16, 2021, to shareholders of record as of August 26, 2021. This dividend forms a part of the company's capital allocation strategy, following a 9% increase in dividends last quarter and a new $7.5 billion stock buyback authorization. The company plans to return 80% to 100% of free cash flow to shareholders, reinforcing its commitment to shareholder value.
Applied Materials reported record revenue of $5.58 billion for Q2 FY2021, reflecting a 41% increase year over year. The GAAP operating margin was 28.3%, with a non-GAAP margin of 31.7%, marking increases of 4.7 and 7.0 points, respectively. GAAP EPS reached $1.43, while non-GAAP EPS hit a record $1.63, up 74% and 83% year over year. The company generated $1.19 billion in cash from operations and returned $952 million to shareholders. For Q3 FY2021, Applied expects net sales of approximately $5.92 billion.
Applied Materials, Inc. announces that its President and CEO, Gary Dickerson, along with Dan Durn, Senior VP and CFO, will engage in virtual fireside chats at several investor conferences. Key dates include:
- J.P. Morgan Technology, Media and Communications Conference on May 24 at 11:00 a.m. PT.
- Bernstein Strategic Decisions Conference on June 2 at 1:30 p.m. PT.
- Evercore ISI Conference on June 7 at 11:00 a.m. PT.
- Cowen Technology Conference on June 1 at 8:10 a.m. PT.
- Exane BNP Paribas Conference on June 8 at 9:00 a.m. PT.
- Bank of America Conference on June 9 at 10:45 a.m. PT.
Live webcasts will be accessible on their website.
Applied Materials will host a webcast on May 20, 2021, at 4:30 p.m. ET to discuss its second quarter fiscal 2021 financial results. Investors can access the live webcast on the company's website, with a replay available later that evening. Applied Materials is a leading provider of materials engineering solutions for chip and display manufacturing, enabling innovations essential for future technology advancements.