Applied materials: the proportion of revenue in Chinese Mainland soared to 45%!

Source: Guoxin.com

    On February 18th, it was reported that semiconductor equipment giant Applied Materials released its financial report for the first quarter of the 2024 fiscal year ending on January 28, 2024, with a revenue of $6.707 billion, slightly lower than the same period of the previous year of $6.739 billion; Non GAAP EPS increased by 5% compared to the same period the previous year, reaching $2.13.

    The average expected market revenue is 6.48 billion US dollars, with an EPS of 1.9 US dollars for non GAAP, and the performance of applied materials exceeds market expectations. The revenue of semiconductor systems in the first quarter of Applied Materials decreased by 4.9% compared to the same period last year, reaching 4.909 billion US dollars.

    From the perspective of application areas, wafer foundry, logic, and other semiconductor systems accounted for a total of 62% of semiconductor system revenue in the first quarter, lower than 77% in the same period of the previous year. The proportion of DRAM business increased from 13% to 34%, while NAND Flash business decreased from 10% to 4%. From the perspective of revenue sources, in the first quarter, the market revenue share of Chinese Mainland soared from 17% in the same period of the previous year to 45%, South Korea accounted for 18%, and Taiwan, China accounted for 8%.

    Gary Dickerson, President and CEO of Applied Materials, stated that he achieved strong results in the first quarter of the 2024 fiscal year, surpassing overall market performance for five consecutive years. Customers have gradually adopted critical next-generation chip technologies such as artificial intelligence (AI) and the Internet of Things (IoT) over the past few years. The leadership position of Applied Materials at a critical semiconductor turning point will continue to support the company in maintaining excellent operational performance.

    The second quarter forecast shows that Applied Materials has an estimated revenue of 6.5 billion ± 400 million US dollars, which is higher than the market estimate of 6.34 billion US dollars. The EPS of non GAAP ranges from $1.79 to $2.15, with a median of $1.97, slightly higher than market expectations of $1.8.