Applied Materials Record Earnings Beat
February 17, 2017
The company recorded first quarter gross margin of 44.1 percent, up 3.5 points year over year. Operating margin grew 8.9 points year over year to 24.6 percent, and diluted earnings per share (EPS) grew by 160 percent year over year to $0.65. On a non-GAAP adjusted basis, first quarter gross margin increased 3.0 points year over year to 45.4 percent, operating margin grew 8.2 points year over year to 26.0 percent, and diluted EPS grew by 158 percent year over year to $0.67.
Applied Materials' earnings per share (EPS) of 67 cents beat expectations by a penny.
The company generated $646 million in cash
from operations and returned $238 million to
shareholders through stock repurchases and
the second quarter of fiscal 2017, Applied
expects net sales to be in the range of
$3.45 billion to $3.60 billion; the midpoint
of the range would be an increase of
approximately 44 percent, year over year.
Non-GAAP adjusted diluted EPS is expected to
be in the range of $0.72 to $0.80; the
midpoint of the range would be an increase
of approximately 124 percent, year over