Applied Materials, Inc. provides innovative equipment, services and software to enable the production of advanced semiconductors, flat panel displays and solar photovoltaic products.
The company is based in Santa Clara, California, USA.
Applied Materials creates and supplies the manufacturing equipment necessary to produce almost every advanced semiconductor chip and flat panel display.
It was founded by Michael A. McNeilly in 1967 and went public on the NASDAQ Stock Exchange in 1972 – under the stock ticker symbol ‘AMAT’.
The company is comprised of four reporting business segments:
Silicon Systems: manufactures and sells manufacturing equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). It offers systems that perform various processes used in chip fabrication, including ion
implantation, chemical mechanical planarization (CMP), wet cleaning, and wafer metrology and inspection chemical vapor deposition (CVD), atomic layer deposition, CDSEM metrology, physical vapor deposition (PVD), etching, rapid thermal processing (RTP), electrochemical plating (EP), and chemical mechanical polishing (CMP).
Global Services: equipment installation support.
Display: focuses on the production of thin-film transistor LCD equipment and services.
Energy and Environmental Solutions: focuses on developing solutions that lower the cost-per watt of solar energy and improve productivity and increase cell efficiency.
Overview
- President and CEO: Gary E. Dickerson
- Chairman: Michael R. Splinter
- Industry: Semiconductors
- Type: Public
- Listed on NASDAQ
- NASDAQ stock symbol: AMAT
- S&P 500 Component
- Founded: 1967
- Founders: Michael A. McNeilly
- Net sales: $9.072 billion USD (2014)
- Net income: $1,072 million USD (2014)
- Diluted earnings per share: $0.87 USD (2014)
- Company head office: 3050 Bowers Avenue, P.O Box 58039, Santa Clara, CA, USA
- Employees: 14,950 (2014)
- Website: http://www.appliedmaterials.com/
- Investor relations contact number: 408.748.5227
- Investor relations email: [email protected]
Applied Materials, Inc. Financial Results, Year Ended October 26
| Operating data (in $ millions) | 2014 | 2013 |
| Net sales | $9.072 | $7,509 |
| Cost of products sold | $5,229 | $4,518 |
| Gross margin | $3,843 | $2,991 |
| Research, development, and engineering expenses | $1,428 | $1,320 |
| Marketing and selling expenses | $423 | $433 |
| General and administrative expenses | $467 | $465 |
| Impairment of goodwill and intangible assets | $ – | $278 |
| Restructuring | $5 | $63 |
| Total operating expenses | $2,323 | $2,559 |
| Income (in $ millions) | ||
| Income from operations | $1,520 | $432 |
| Income before income taxes | $1,448 | $350 |
| Net income | $1,072 | $256 |
| Balance sheet data (in $ millions) | ||
| Total assets | $13,174 | $12,043 |
| Total liabilities | $5,306 | $4,955 |
| Total stockholders’ equity | $7,868 | $7,088 |
| Common share data (in $) | ||
| Basic earnings per share | $0.88 | $0.21 |
| Diluted earnings per share | $0.87 | $0.21 |
| Cash flow data (in $ millions) | ||
| Cash provided by operating activities | $1,800 | $623 |
| Cash provided by (used in) investing activities | $(161) | $215 |
| Cash used in financing activities | $(348) | $(519) |
| Cash and cash equivalents at beginning of year | $1,711 | $1,392 |
| Cash and cash equivalents at end of year | $3,002 | $1,711 |
Source: “Applied Materials, Inc. Form 10-K 2014”