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Net sales of $3.28 billion were up 45% year over year, and generated $646 million in cash from operations.
February 17, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Applied Materials, Inc. reported results for its first quarter ended Jan. 29, 2017. First quarter new orders were $4.24 billion, up 86% year over year. Net sales of $3.28 billion were up 45% year over year. The company recorded first quarter gross margin of 44.1%, up 3.5 points year over year. Operating margin grew 8.9 points year over year to 24.6%, and diluted earnings per share (EPS) grew by 160% year over year to $0.65. On a non-GAAP adjusted basis, first quarter gross margin increas...
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