Applied Materials generated revenue of $6.52 billion for the quarter ending July 31st with a gross margin of 46.1%, profit of $1.92 billion or 29.5% of net sales, and earnings per share (EPS) of $1.85.

The company generated $1.47 billion in cash from operations and returned $1.23 billion to shareholders including $1.00 billion in share repurchases and $225 million in dividends.

“Applied Materials delivered record quarterly revenue, yet ongoing supply chain challenges constrained our ability to meet demand, and our top priority remains increasing shipments to our customers,” said Gary Dickerson, President and CEO.

“We feel confident in our ability to navigate macroeconomic headwinds and remain very positive about the long-term strength of the semiconductor market and our outsized growth opportunities.”

By: DocMemory
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