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Applied Materials Announces 2Q 2023 Results

Revenue were $6.63 billion, up 6% year over year, as Applied generated $2.29 billion in cash from operations.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. reported results for its second quarter ended April 30, 2023. Applied generated revenue of $6.63 billion. On a GAAP basis, the company achieved gross margin of 46.7%, operating income of $1.91 billion or 28.8% of net sales, and earnings per share (EPS) of $1.86. On a non-GAAP adjusted basis, the company reported gross margin of 46.8%, operating income of $1.93 billion or 29.1% of net sales, and EPS of $2.00. The company generated $2.29 billion in cash from operation...

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