Applied Materials, the global leader in materials engineering solutions, posted strong results with 2021 revenue increasing 34% year-over-year due to increased semiconductor and equipment demand stemming from COVID-19 impacts.

Applied Materials announced its fiscal year 2021 Q4 and full-year results on the 22nd for the fiscal period ended October 31.

According to this, Applied Materials' fiscal year 2021 Q4 revenue reached $6.12 billion, at the lower end of guidance due to supply chain challenges. Under U.S. GAAP, gross margin was 48.1%, operating income and operating margin were $2.01 billion and 32.9% respectively, and EPS was $1.89.

Under Non-GAAP, gross margin was 48.2%, operating income was $2.03 billion, operating margin was 33.1%, and EPS was $1.94.

Applied Materials generated $1.15 billion in cash from operating activities and returned a total of $1.72 billion to shareholders, including $1.5 billion in share repurchases and $216 million in dividends.

Applied Materials' fiscal year 2021 full-year revenue under U.S. GAAP reached $23.06 billion. Gross margin was 47.3%, operating income and operating margin were $6.89 billion and 29.9%, and EPS was $6.40.

Under Non-GAAP, gross margin was 47.5%, operating income was $7.32 billion, operating margin was 31.7%, and EPS was $6.84.

Applied Materials generated $5.44 billion in cash from operating activities and returned a total of $4.59 billion to shareholders, including $3.75 billion in share repurchases and $838 million in dividends.

Gary Dickerson, Chairman and CEO of Applied Materials, stated, "As the pandemic accelerates digital transformation across the global economy, semiconductor and equipment demand continues to grow. However, the current supply chain is unable to meet this demand."

He added, "We expect some semiconductor component supply shortages to persist for the time being. We will work with our supply partners to address this issue and will prioritize support for semiconductor manufacturers."

Bob Halliday, Senior Vice President and Chief Financial Officer (CFO) of Applied Materials, explained, "Compared to the prior year, total orders increased 62% and semiconductor systems orders increased 78%, demonstrating strong growth in fiscal year 2021. Semiconductor systems order backlog increased from $5.5 billion in Q4 to $6.7 billion, sustaining growth momentum. Robust growth is expected in 2022 as well."