Applied Materials Non-GAAP EPS of $2.00 beats by $0.17, revenue of $6.63B beats by $260M
Applied Materials press release (NASDAQ:AMAT): Q2 Non-GAAP EPS of $2.00  beats by $0.17.
Revenue of $6.63B (+6.1% Y/Y)  beats by $260M.
The company generated $2.29 billion in cash from operations and returned $1.02 billion to shareholders including $800 million in share repurchases and $219 million in dividends.


GAAP operating margin 28.8 percent and non-GAAP operating margin 29.1 percent, both down 1.5 points year over year.


Business Outlook: In the third quarter of fiscal 2023, Applied expects net sales to be approximately $6.15 billion, plus or minus $400 million vs. consensus of $6.05B.
Non-GAAP adjusted diluted EPS is expected to be in the range of $1.56 to $1.92 vs. consensus of $1.64.