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Applied Materials Announces 2Q 2019 Results

Reports quarterly revenue of $3.54 billion, operating income of $776 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 second quarter ended April 28, 2019. Applied generated revenue of $3.54 billion. On a GAAP basis, the company recorded gross margin of 43.2%, operating income of $776 million or 21.9% of net sales, and earnings per share (EPS) of $0.70.
 
On a non-GAAP adjusted basis, the company reported gross margin of 43.5%, operating income of $794 million or 22.4% of net sales, and EPS of $0.70.
 
The company returned $814 million to shareholders including $625 million in share repurchases and dividends of $189 million. As previously announced on March 8, 2019, Applied’s Board of Directors approved a five% increase in the quarterly cash dividend from $0.20 to $0.21 per share.
 
“In the second fiscal quarter, Applied Materials delivered results toward the top-end of our guidance range, reflecting solid execution across the company in a business environment that remains challenging,” said Gary Dickerson, president and CEO. “Looking ahead, we maintain a positive view of our markets as powerful new demand drivers for semiconductors and displays take shape, creating tremendous opportunities for Applied Materials.”

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