Categories AlphaGraphs, Earnings, Technology

AMAT Earnings: Applied Materials Q4 revenue up 10%; profit beats

Semiconductor technology company Applied Materials, Inc. (NASDAQ: AMAT) on Thursday reported higher adjusted earnings for the fourth quarter of 2022, aided by a 10% increase in sales. The results also surpassed analysts’ estimates.

Applied Materials Q4 2022 earnings infographic

Adjusted profit increased to $2.03 per share in the fourth quarter from $1.94 per share in the same period of 2021. The latest number also beat consensus estimates. Net income, including special items, was $1.59 billion or $1.85 per share in the October quarter, compared to $1.71 billion or $1.89 per share last year.


Check this space to read management/analysts’ comments on quarterly earnings


There was a 10% increase in net sales to $6.75 billion, mainly reflecting continued strong performance by the core Semiconductor Systems segment. Analysts were looking for slower top-line growth.

“Though we are slowing the rate of spending growth in the near term amid geopolitical and macroeconomic challenges, we are making the strategic investments to win the major technology inflections that will enable Applied to outgrow the semiconductor market,” said Gary Dickerson, the company’s CEO.

Prior Performance

  • Applied Materials Q3 2022 earnings infographic
  • Applied Materials Q2 2022 earnings infographic
  • Applied Materials Q1 2022 Earnings Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Macy’s (M), Target (TGT), Dollar Tree (DLTR): Major retailers and a costly holiday season

The holiday season has started and it is the time for cheer but this year inflation is proving to be a major spoilsport for the festivities. As customers struggle to

Here’s a look at Dollar Tree’s (DLTR) expectations for the remainder of the year

Shares of Dollar Tree Inc. (NASDAQ: DLTR) were down over 1% on Wednesday, a day after the company reported earnings results for the third quarter of 2022. Revenue and earnings

Target Corporation (TGT): A look at how the retail giant is shaping up against an inflationary backdrop

Shares of Target Corporation (NYSE: TGT) were up over 1% on Wednesday. The stock has dropped 30% year-to-date and 35% over the past 12 months. Last week the company reported

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top