Applied Materials: record Q4 EPS
(CercleFinance.com) - On Thursday evening, Applied Materials reported record non-GAAP EPS of $2.
12 for Q4 2022-23, up 4% y-o-y, despite a 0.3-point decline in its adjusted operating margin to 29.5%.
Also on a non-GAAP basis, the semiconductor equipment supplier improved its gross margin by 1.3 point to 47.3%, on sales that were pretty flat y-o-y at $6.72bn.
Applied Materials generated record sales, earnings and cash flow for the year and outperformed the wafer fabrication equipment market for the fifth year in a row, management said.
For Q1 2023-24, the California-based group expects revenues of around $6.47bn, give or take $400m, while anticipating adjusted EPS of $1.72 to $2.08.
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