Flexible Electronics News

Applied Materials Announces 4Q, Fiscal Year 2023 Results

Annual revenue was $26.52 billion, up 3% year over year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. reported results for its fourth quarter and fiscal year ended Oct. 29, 2023. Applied generated revenue of $6.72 billion. On a GAAP basis, the company reported gross margin of 47.1%, operating income of $1.97 billion or 29.3% of net sales, and record earnings per share (EPS) of $2.38. On a non-GAAP adjusted basis, the company reported gross margin of 47.3%, operating income of $1.98 billion or 29.5% of net sales, and record EPS of $2.12. The company generated $1.56 ...

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