Today, Applied Materials, Inc. (AMAT) experienced a sharp decline in price by $24.65, representing a 6.09% decrease from the previous close. Trading volume surged to $2.84 million, a notable 40.21% increase compared to the average.
In the latest quarterly earnings report on Wednesday, February 11th, AMAT missed the consensus estimate with an EPS of 2.19.
AMAT offers a forward dividend yield of 0.484% with a dividend per share MRQ of 46 cents, showing a year-over-year increase of 15 cents.
The company generated $1 billion in free cash flow, with a net decrease in cash of $23 million. Notably, $337 million was used for common stock repurchases.
AMAT reported a revenue of $7 billion, resulting in a net income of $2 billion. The company maintained a solid gross profit margin of 49% and an operating profit margin of 29.89%.
Key ratios show a quick ratio of 1.94, a net profit margin of 28.89%, and a price-to-earnings ratio of 31.26.
AMAT holds total assets of $37.64 billion, with long-term debt standing at $6.45 billion and net debt at -$28 million.
This financial snapshot reflects AMAT's recent challenges in the market, prompting investor attention and scrutiny.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. The company operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California.