Applied Materials, Inc., a provider of manufacturing solutions for the semiconductor, display and solar industries, reported results for its first quarter of fiscal 2014 ended January 26, 2014.
Quarterly Results Summary
|
GAAP Results |
Q1 FY2014 |
Q4 FY2013 |
Q1 FY2013 |
|
Net sales |
$2.19 billion |
$1.99 billion |
$1.57 billion |
|
Operating income |
$330 million |
$211 million |
$39 million |
|
Net income |
$253 million |
$183 million |
$34 million |
|
Diluted earnings per share (EPS) |
$0.21 |
$0.15 |
$0.03 |
|
Non-GAAP Adjusted Results |
|
|
|
|
Non-GAAP adjusted operating income |
$380 million |
$323 million |
$112 million |
|
Non-GAAP adjusted net income |
$279 million |
$228 million |
$69 million |
|
Non-GAAP adjusted diluted EPS |
$0.23 |
$0.19 |
$0.06 |
Source: Applied Materials
Gary Dickerson, Chief Executive Officer, said: "Applied Materials’ performance reflects healthy investment by our semiconductor and display customers and major technology trends that are playing to our strengths in precision materials engineering."
Applied Materials’ non-GAAP adjusted results exclude the impact of the following, where applicable: certain acquisition-related costs; restructuring charges and any associated adjustments; impairments of assets, goodwill, or investments; gain or loss on sale of facilities and strategic investments; and certain tax items. A reconciliation of the GAAP and non-GAAP adjusted results is provided in the financial tables included in this release.
Applied Materials releases its report in sections include “First Quarter Reportable Segment Results and Comparisons to the Prior Quarter,” “Business Outlook,” “Use of Non-GAAP Adjusted Financial Measures,” “Webcast Information” and “Forward-Looking Statements.” All the details can be seen on the official website (Click).