Tuesday, May 23, 2017
Applied Materials had record revenue of $3.55 billion up 45% y-o-y for calendar Q1
Gross margin grew 4.1 points to 45.1% and operating margin increased by 9.2 points to 26.5%.
The company generated $898 million in cash from operations and returned $390 million to shareholders through stock repurchases and cash dividends.
“Applied Materials delivered the highest quarterly revenue and earnings in our history, and we’ve now set new earnings records for four quarters in a row,” says CEO Gary Dickerson, “across the company we have tremendous momentum as our markets are strong and getting stronger, and we’re sustainably growing faster than these markets by expanding our served opportunity and gaining share.”
For calendar Q2, Applied expects net sales to be in the range of $3.6 billion to $3.75 billion; the midpoint of the range would be an increase of approximately 30% y-o-y.
By: DocMemory
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