Applied Materials (AMAT) Tops Q1 EPS by 11c, Q2 Guidance Beats

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Go back to Applied Materials (AMAT) Tops Q1 EPS by 11c, Q2 Guidance Beats

Applied Materials Announces First Quarter 2021 Results

February 18, 2021 4:01 PM EST

Record quarterly revenue of $5.16 billion, up 24 percent year over yearQuarterly GAAP EPS of $1.22 and record non-GAAP EPS of $1.39, up 27 percent and 42 percent year over year, respectivelyGenerated $1.42 billion in cash from operations

SANTA CLARA, Calif., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its first quarter ended Jan. 31, 2021.

First Quarter Results

Applied generated revenue of $5.16 billion. On a GAAP basis, the company recorded gross margin of 45.5 percent, operating income of $1.28 billion or 24.9 percent of net sales, and... More