Applied Materials (AMAT) Misses Q2 EPS by 6c

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Applied Materials Announces Second Quarter 2020 Results

May 14, 2020 4:02 PM EDT

Quarterly revenue of $3.96 billion, up 12 percent year over yearGAAP EPS of $0.82 and non-GAAP EPS of $0.89, up 17 percent and 27 percent year over year, respectively Returned $392 million to shareholders

SANTA CLARA, Calif., May 14, 2020 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its second quarter ended Apr. 26, 2020.

Second Quarter Results

Applied generated revenue of $3.96 billion. On a GAAP basis, the company recorded gross margin of 44.2 percent, operating income of $932 million or 23.6 percent of net sales, and earnings per share... More