Applied Materials Inc. (NASDAQ: AMAT) stock gained by 1.77% at last close whereas the AMAT stock price dropped by 5.10% in the after-hours trading session. Applied Materials is the leading global provider of materials engineering solutions, which are used to make practically every new chip and advanced display.
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AMAT stock’ Financial Results
Applied Materials announced financial earnings of fourth Quarter and Fiscal Year 2021. Given below are the highlights:
- Due to supply chain issues, Applied’s revenue was $6.12 billion, which was at the lower than the target estimate. Applied made $23.06 billion in sales in fiscal year 2021.
- According to GAAP, the corporation had a 48.1 percent gross margin, $2.01 billion in operating income, and $1.89 in profits per share (EPS). According to GAAP, the corporation had a gross margin of 47.3 percent, operating income of $6.89 billion, or 29.9% of net sales, and earnings per share of $6.40.
- For the fourth quarter fiscal 2021 the company produced $1.15 billion in cash from operations and paid out $1.72 billion in dividends and share repurchases to shareholders, included $1.50 billion in share repurchases and $216 million in dividends. However for the full year fiscal 2021 the company earned an all-time high of $5.44 billion in cash from operations and returned $4.59 billion to shareholders, comprising $3.75 billion in share repurchases and $838 million in dividends.
Gary Dickerson, President and CEO commented,
As the epidemic drives the economy’s digital transformation, the need for chips and equipment keeps rising, and their supply chain is now unable to meet up. They foresee supply limitations of some silicon components to continue in the foreseeable future, and working with their suppliers and chipmakers to manage these limits is our primary concern.
Future Outlook
- The company estimates net sales of $6.16 billion, plus or minus $250 million, during first quarter of fiscal 2022, which incorporates the potential effect of continued supply chain difficulties.
- The non-GAAP adjusted diluted EPS range is estimated to be $1.78 to $1.92.
