APPLIED MATERIALS INC (AMAT) [Rocket]

In millions, except per share items	Jul-30-23	Apr-30-23	Oct-30-22	Jul-31-22	May-01-22	Jan-30-22	Oct-31-21	Aug-01-21
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Revenues:
Semiconductor Systems			18,797.0	18,066.0	17,786.0	17,300.0	16,286.0	15,049.0
Applied Global Services			5,543.0	5,492.0	5,358.0	5,178.0	5,013.0	4,750.0
Display and Adjacent Markets			1,331.0	1,497.0	1,595.0	1,589.0	1,634.0	1,702.0
Corporate			114.0	104.0	96.0	105.0	130.0	127.0
Total revenues [+]			25,785.0	25,159.0	24,835.0	24,172.0	23,063.0	21,628.0
Products			25,785.0	25,159.0	24,835.0	24,172.0	23,063.0	21,628.0
Revenue growth [+]			11.8%	16.3%	25.3%	32.8%	34.1%	32.9%
Semiconductor Systems			15.4%	20.0%	31.6%	42.9%	43.3%	42.0%
Applied Global Services			10.6%	15.6%	19.1%	20.1%	20.6%	18.0%
Display and Adjacent Markets			-18.5%	-12.0%	-6.0%	-5.8%	1.7%	7.8%
Corporate			-12.3%	-18.1%	-21.3%	8.2%	78.1%	98.4%
Cost of goods sold			13,792.0	13,322.0	13,037.0	12,648.0	12,149.0	11,529.0
Gross profit			11,993.0	11,837.0	11,798.0	11,524.0	10,914.0	10,099.0
Gross margin			46.5%	47.0%	47.5%	47.7%	47.3%	46.7%
Selling, general and administrative [+]			1,438.0	1,367.0	1,304.0	1,254.0	1,229.0	1,206.0
Sales and marketing			703.0	675.0	654.0	629.0	609.0	585.0
General and administrative			735.0	692.0	650.0	625.0	620.0	621.0
Research and development			2,771.0	2,667.0	2,602.0	2,533.0	2,485.0	2,423.0
EBITDA [+]			8,228.0	8,229.0	8,308.0	7,985.0	7,440.0	6,702.0
EBITDA growth			10.6%	22.8%	43.4%	55.5%	56.9%	55.2%
EBITDA margin			31.9%	32.7%	33.5%	33.0%	32.3%	31.0%
Depreciation			404.0	384.0	374.0	356.0	345.0	333.0
EBITA			7,824.0	7,845.0	7,934.0	7,629.0	7,095.0	6,369.0
EBITA margin			30.3%	31.2%	31.9%	31.6%	30.8%	29.4%
Amortization of intangibles			40.0	42.0	42.0	46.0	49.0	53.0
EBIT [+]			7,784.0	7,803.0	7,892.0	7,583.0	7,046.0	6,316.0
EBIT growth			10.5%	23.5%	45.9%	59.4%	61.4%	60.1%
EBIT margin			30.2%	31.0%	31.8%	31.4%	30.6%	29.2%
Non-recurring items						1.0	157.0
Interest expense			228.0	228.0	229.0	232.0	236.0	238.0
Interest expense			228.0	228.0	229.0	232.0	236.0	238.0
Other income (expense), net [+]			39.0	76.0	107.0	106.0	118.0	88.0
Gain (loss) on derivative instruments			33.0	34.0	23.0	44.0	60.0	40.0
Other			39.0	76.0	107.0	106.0	118.0	88.0
Pre-tax income			7,599.0	7,656.0	7,775.0	7,456.0	6,771.0	6,008.0
Income taxes			1,074.0	1,010.0	1,019.0	906.0	883.0	701.0
Tax rate			14.1%	13.2%	13.1%	12.2%	13.0%	11.7%
Net income			6,525.0	6,646.0	6,756.0	6,550.0	5,888.0	5,307.0
Net margin			25.3%	26.4%	27.2%	27.1%	25.5%	24.5%

Basic EPS [+]			$7.45	$7.51	$7.54	$7.23	$6.45	$5.80
Growth			15.5%	29.3%	55.8%	71.6%	63.3%	67.8%
Diluted EPS [+]			$7.40	$7.45	$7.47	$7.16	$6.38	$5.75
Growth			15.9%	29.6%	55.8%	71.3%	63.0%	67.7%

Dividends per share [+]	$0.00		$1.00	$0.98	$0.96	$0.94	$0.92	$0.90
Growth	-100.0%	-100.0%	8.6%	8.8%	9.2%	8.0%	6.9%	6.1%

Shares outstanding (basic) [+]			875.5	885.3	896.3	906.3	912.8	914.3
Growth			-4.1%	-3.2%	-2.2%	-1.0%	-0.4%	-0.8%
Shares outstanding (diluted) [+]			881.5	892.0	904.3	915.3	922.3	923.3
Growth			-4.4%	-3.4%	-2.2%	-0.9%	-0.2%	-0.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.