The report sent Applied shares up 2% in late trading. CEO Gary Dickerson remarked, “While the supply environment remains challenging, Applied Materials is doing everything we can to deliver for our customers and we recorded our highest-ever quarterly revenues.” Added Dickerson, “Our outlook for 2022 and beyond is very positive as long-term secular trends drive our markets structurally higher and Applied’s broad technology portfolio puts us in a great position to capture a larger portion of our served markets.” Revenue in the three months ended in January rose to $6.27 billion, yielding a net profit of $1.89 a share. Analysts had been modeling $6.19 billion and $1.86 per share. Applied’s gross profit margin, on a non-GAAP basis, declined to 47.3% from 48.2% in the prior quarter. For the current quarter, the company sees revenue of $6.05 billion to $6.65 billion, and EPS in a range of $1.75 to $2.05. That compares to consensus for $6.37 billion and $1.94 per share.
