Applied Materials, a global company in materials engineering solutions, announced on the 17th its results for the fourth quarter and full quarter of fiscal year 2023, which ended on the 29th.

Applied Materials recorded sales of $6.72 billion, or approximately 8.7 trillion won, in the fourth quarter of fiscal year 2023.

Under U.S. Generally Accepted Accounting Principles (GAAP), the gross profit margin was 47.1%, and the operating profit and operating profit margin were $1.97 billion (approximately 2.5 trillion KRW) and 29.3%, respectively, with earnings per share (EPS) of $2.38.

On a non-GAAP basis, the gross profit margin was 47.3%, operating profit was $1.98 billion, operating profit margin was 29.5%, and earnings per share were $2.12.

Applied Materials generated $1.56 billion (approximately 2 trillion won) in cash from operating activities and returned a total of $968 million to shareholders, including $700 million in share buybacks and $268 million in dividends.

Applied Materials recorded total revenue of $26.52 billion in fiscal year 2023 under U.S. accounting standards. Gross profit margin was 46.7%, operating profit and operating profit margin were $7.65 billion (approximately 9.9 trillion won) and 28.9%, respectively, and earnings per share were $8.11.

On a non-GAAP basis, it recorded a gross profit margin of 46.8%, an operating profit of $7.72 billion, an operating profit margin of 29.1%, and earnings per share of $8.05.

Applied Materials generated $8.7 billion in cash from operating activities and returned a total of $3.16 billion to shareholders, including $2.19 billion in share buybacks and $975 million in dividends.

Gary Dickerson, Chairman and CEO of Applied Materials, stated, “Applied Materials achieved record revenue, net profit, and cash flow in fiscal year 2023 and continued its growth in the wafer manufacturing equipment market for the fifth consecutive year. With its extensive product portfolio, strong customer relationships, and leadership in key technological changes, Applied is well-positioned to achieve profitable growth in line with strong trends driving the expansion of the semiconductor industry over the next few years.”