Applied Materials beats Q1 expectations and forecasts strong Q2; analyst flags rising backlog

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Go back to Applied Materials beats Q1 expectations and forecasts strong Q2; analyst flags rising backlog

Applied Materials Announces First Quarter 2023 Results

February 16, 2023 4:02 PM EST

Revenue $6.74 billion, up 7 percent year over yearGAAP operating margin 29.2 percent and non-GAAP operating margin 29.5 percent, down 2.3 points and 2.2 points year over year, respectivelyGAAP EPS $2.02 and non-GAAP EPS $2.03, up 1 percent and 7 percent year over year, respectivelyGenerated $2.27 billion in cash from operations

SANTA CLARA, Calif., Feb. 16, 2023... More