Applied Materials Q1 Revenue $7.01B Beats Estimates; Taiwan Sales Jump 45.6%
Applied Materials reported Q1 revenue of $7.01 billion, beating consensus by 1.8%, while EPS of $2.38 matched last year and exceeded estimates by 8.5%. Sales declined 28.5% in the US and 33% in Europe but surged 45.6% in Taiwan and 17.1% in Southeast Asia.
1. Q1 Financial Performance
Applied Materials delivered $7.01 billion in Q1 revenue, surpassing the $6.89 billion consensus by 1.8%. EPS held at $2.38, in line with last year and 8.5% above the $2.19 estimate.
2. Regional Net Sales Analysis
US net sales fell 28.5% year-over-year to $656 million and Europe declined 33% to $221 million. Conversely, Taiwan sales rose 45.6% to $1.72 billion, with Southeast Asia increasing 17.1% to $335 million.
3. Business Segment Breakdown
Semiconductor Systems revenue totaled $5.14 billion, down 4% year-over-year but above the $4.97 billion forecast. Applied Global Services generated $1.56 billion (-2.2%), while Corporate and Other achieved $312 million, an 845.5% jump over the prior year.