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Applied Materials Announces 3Q 2020 Results

Quarterly revenue was $4.4 billion, up 23% year over year.

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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 26, 2020.

Applied generated revenue of $4.4 billion. On a GAAP basis, the company recorded gross margin of 44.5%, operating income of $1.11 billion or 25.2% of net sales, and earnings per share (EPS) of $0.91.

On a non-GAAP adjusted basis, the company reported gross margin of 45%, operating income of $1.16 billion or 26.4% of net sales, and EPS of $1.06.

“Thanks to the hard work and agility of our employees and suppliers, Applied Materials is operating at pre-COVID levels of productivity and delivering outstanding financial results,” said Gary Dickerson, president and CEO. “By addressing our customers’ highest value problems, Applied is outperforming today and is positioned to grow faster than our markets over the next several years.”

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