Applied Materials achieved record operating profit margin of 30.2% in 2022, fueled by the booming global semiconductor market.

Applied Materials announced its fourth quarter and full year 2022 results on October 18th, ending October 30th.

According to this, Applied Materials generated revenue of $6.75 billion in the fourth quarter of fiscal year 2022. Under U.S. GAAP, gross margin was 45.9%, operating profit was $1.99 billion, and operating margin was 29.5%. Earnings per share (EPS) was $1.85.

Non-GAAP accounting standards recorded gross profit margin of 46.0%, operating profit of $2.01 billion, operating profit margin of 29.8%, and net income per share of $2.03.

Applied Materials generated $857 million in cash from operations and returned $1.72 billion to shareholders, including $1.5 billion in share repurchases and $223 million in dividends.

Applied Materials' fiscal year 2022 revenue was $25.79 billion under U.S. accounting standards. The gross profit margin was 46.5%, operating profit and operating profit margin were $7.79 billion and 30.2%, respectively, and net income per share was $7.44.

Non-GAAP accounting standards recorded gross profit margin of 46.6%, operating profit of $7.86 billion, operating profit margin of 30.5%, and net income per share of $7.70.

Applied Materials generated $5.4 billion in cash from operations and returned $6.98 billion to shareholders, including $6.1 billion in share repurchases and $873 million in dividends.

“Applied Materials finished fiscal 2022 with record results. We remain focused on taking all possible steps to alleviate supply chain constraints and meet customer needs,” said Gary Dickerson, Applied Materials chairman and CEO. “While we are slowing spending growth in the near term amid geopolitical and macroeconomic challenges, Applied is making strategic investments to navigate key technology inflection points that will enable the semiconductor market to take its next leap forward.”