Applied Materials Announces Second Quarter 2016 Results
Applied reports EPS of $0.29; non-GAAP EPS of $0.34 at high end of guidance range
Generates $3.5 billion in new orders, highest in 15 years
Returns $1 billion to shareholders through dividends and share repurchases
Expects record earnings per share in the third quarter of 2016
SANTA CLARA, Calif., May 19, 2016 -- Applied Materials, Inc. (AMAT) today reported results for its second quarter ended May 1, 2016.
Second quarter orders were $3.45 billion, up 52 percent sequentially and up 37 percent year over year. Backlog increased to $4.17 billion. Net sales of $2.45 billion were up 9 percent sequentially, flat year over year, and near the high end of guidance.
The company recorded gross margin of 41.0 percent, operating margin of 17.3 percent, and net income of $320 million or $0.29 per diluted share. On a non-GAAP adjusted basis, the company reported second quarter gross margin of 42.7 percent, operating margin of 19.2 percent, and net income of $376 million or $0.34 per diluted share.
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Published: 20 May 2016
Written by Editor