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Applied Materials Announces 3Q 2019 Results

Quarterly revenue of $3.56 billion, operating income of $802 million.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Applied Materials, Inc. reported results for its third quarter ended July 28, 2019.
 
Applied generated revenue of $3.56 billion. On a GAAP basis, the company recorded gross margin of 43.7%, operating income of $802 million or 22.5% of net sales, and earnings per share (EPS) of $0.61.
 
On a non-GAAP adjusted basis, the company reported gross margin of 44.0%, operating income of $820 million or 23.0% of net sales, and EPS of $0.74.
 
The company returned $724 million to shareholders, including $528 million in share repurchases and dividends of $196 million.
 
“Applied Materials is delivering solid financial performance in a market environment that remains challenging for the time being,” said Gary Dickerson, president and CEO. “We are excited about the company’s future opportunities and are fully funding our R&D programs to develop new products and capabilities that will accelerate customers’ roadmaps and underpin our growth in the years ahead.”
 
In the fourth quarter of fiscal 2019, Applied expects net sales to be approximately $3.685 billion, plus or minus $150 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $0.72 to $0.80.
 
 

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