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Revenue was $6.43 billion, down 1% year over year, as semiconductor equipment specialist generated $2.58 billion in cash from operations.
August 18, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Applied Materials, Inc. reported results for its third quarter ended July 30, 2023. Applied generated revenue of $6.43 billion. On a GAAP basis, the company reported gross margin of 46.3%, operating income of $1.8 billion or 28.0% of net sales, and earnings per share (EPS) of $1.85. On a non-GAAP adjusted basis, the company reported gross margin of 46.4%, operating income of $1.82 billion or 28.3% of net sales, and EPS of $1.90. The company generated $2.58 billion in cash from operations a...
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