NASDAQ$AMAT
Applied Materials Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Applied Materials reported record quarterly revenue despite supply chain constraints.
Applied Materials announced record quarterly revenue of $6.52 billion, a 5% increase year over year. GAAP EPS was $1.85, down 1% year over year, while non-GAAP EPS was $1.94, up 2% year over year. The company generated $1.47 billion in cash from operations and returned $1.23 billion to shareholders.
- Record quarterly revenue of $6.52 billion, up 5% year over year.
- GAAP EPS of $1.85 and non-GAAP EPS of $1.94, down 1% and up 2% year over year, respectively.
- Generated $1.47 billion in cash from operations.
- Returned $1.23 billion to shareholders.
Headline financials
Revenue & EPS history
Applied Materials · Revenue · Quarterly
$6.52B
Revenue by segment
Applied Materials · $6.19B total across 3 segments · Q3 2022
- Semiconductor Systems$4.73B+6.3%76.5%
- Applied Global Services$1.42B+10.4%23.0%
- Other$33M+32.0%0.5%
Forward guidance
For the fourth quarter of fiscal 2022, Applied expects net sales to be approximately $6.65 billion, plus or minus $400 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $1.82 to $2.18.
Tailwinds
- Net sales are expected to be approximately $6.65 billion, plus or minus $400 million.
- Non-GAAP adjusted diluted EPS is expected to be in the range of $1.82 to $2.18.
- Includes the normalized tax benefit of share-based compensation of $0.02 per share
- Includes a net income tax benefit related to intra-entity intangible asset transfers of $0.03 per share
- The company feels confident in its ability to navigate macroeconomic headwinds
Headwinds
- Net sales outlook includes the expected impact of ongoing supply chain challenges.
- Non-GAAP adjusted diluted EPS excludes known charges related to completed acquisitions of $0.01 per share.
- Outlook does not reflect any items that are unknown at this time, such as any additional charges related to acquisitions or other non-operational or unusual items.
- Other tax related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty
- Ongoing supply chain challenges constrained our ability to meet demand
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2022
+0.7%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+0.9%
Avg return
30 days after
56%
41 / 73 earnings
Positive
+13.8%
Q2 2016
Best reaction
-14.1%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -4.2% | -6.4% | +25.5% | |
| Q1 2026 | +8.1% | +12.5% | +4.0% | |
| Q4 2025 | +4.4% | +5.3% | +16.1% | |
| Q3 2025 | -14.1% | -14.5% | -10.9% | |
| Q2 2025 | -5.1% | -7.2% | -2.4% | |
| Q1 2025 | -8.2% | -5.5% | -15.5% | |
| Q4 2024 | -7.6% | -7.4% | -7.4% | |
| Q3 2024 | +3.1% | +2.2% | -6.5% | |
| Q2 2024 | -2.5% | +1.1% | +9.0% | |
| Q1 2024 | +7.2% | +1.6% | +6.7% | |
| Q4 2023 | -4.4% | -3.9% | +4.2% | |
| Q3 2023 | +3.2% | +6.9% | +0.0% | |
| Q2 2023 | +1.0% | -1.0% | +10.5% | |
| Q1 2023 | -3.4% | -6.8% | +2.6% | |
| Q4 2022 | +0.5% | +2.7% | +0.5% | |
| Q3 2022 | -1.3% | -3.8% | -16.2% | |
| Q2 2022 | -4.4% | -4.3% | -19.3% | |
| Q1 2022 | -2.4% | -4.6% | -3.4% | |
| Q4 2021 | -3.8% | -4.5% | -6.3% | |
| Q3 2021 | -0.1% | +3.2% | +10.5% | |
| Q2 2021 | +3.1% | +10.2% | +5.2% | |
| Q1 2021 | +3.2% | +0.4% | -0.7% | |
| Q4 2020 | +2.3% | +4.5% | +24.1% | |
| Q3 2020 | +1.7% | -0.1% | -17.3% | |
| Q2 2020 | +1.1% | +7.7% | +9.8% | |
| Q1 2020 | +4.5% | +3.7% | -21.0% | |
| Q4 2019 | +8.6% | +6.7% | +4.8% | |
| Q3 2019 | -0.2% | +0.0% | +9.9% | |
| Q2 2019 | +2.9% | -0.6% | -0.7% | |
| Q1 2019 | -4.3% | -3.8% | -1.1% | |
| Q4 2018 | +5.4% | +6.5% | -2.8% | |
| Q3 2018 | -7.9% | -7.9% | -17.7% | |
| Q2 2018 | -10.3% | -8.9% | -10.6% | |
| Q1 2018 | +9.0% | +11.1% | +20.0% | |
| Q4 2017 | +1.3% | +5.4% | -5.8% | |
| Q3 2017 | -0.4% | -0.0% | +6.0% | |
| Q2 2017 | +3.1% | +5.0% | +0.8% | |
| Q1 2017 | -0.1% | +1.2% | +11.5% | |
| Q4 2016 | +2.4% | +5.5% | +8.3% | |
| Q3 2016 | +8.6% | +9.7% | +10.1% | |
| Q2 2016 | +13.8% | — | — | |
| Q1 2016 | +7.2% | — | — | |
| Q4 2015 | +2.7% | — | — | |
| Q3 2015 | -3.8% | — | — | |
| Q2 2015 | +1.4% | — | — | |
| Q1 2015 | -0.6% | — | — | |
| Q4 2014 | +1.5% | — | — | |
| Q3 2014 | +7.2% | — | — | |
| Q2 2014 | +6.6% | — | — | |
| Q1 2014 | +6.1% | — | — | |
| Q4 2013 | -0.8% | — | — | |
| Q3 2013 | -0.7% | — | — | |
| Q2 2013 | +1.1% | — | — | |
| Q1 2013 | +1.7% | — | — | |
| Q4 2012 | -2.0% | — | — | |
| Q3 2012 | +2.3% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2012 | -0.6% | — | — | |
| Q4 2011 | +2.4% | — | — | |
| Q3 2011 | +5.4% | — | — | |
| Q2 2011 | -2.6% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2010 | +1.5% | — | — | |
| Q1 2009 | +1.4% | — | — | |
| Q1 2010 | +1.4% | — | — | |
| Q4 2007 | +1.9% | — | — | |
| Q4 2009 | +1.9% | — | — | |
| Q3 2009 | -1.6% | — | — | |
| Q2 2009 | -1.6% | — | — | |
| Q4 2008 | -1.6% | — | — | |
| Q3 2008 | -1.6% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro