HomeEquities ScoreHere is why Applied Materials Inc. (AMAT) stock fell in the after-hours...

Here is why Applied Materials Inc. (AMAT) stock fell in the after-hours on Thursday?

Applied Materials Inc. (AMAT) shares fell 5.10% in after-hours on Thursday, November 18, 2021, and closed the daily trading at $150.65. However, in the regular trading session, AMAT’s stock gained 1.77%. AMAT shares have risen 109.67% over the last 12 months, and they have moved up 3.14% in the past week. Over the past three months, the stock has gained 24.80%, while over the past six months, it has gained 23.38%.

Let’s see what’s going on recently with the company?


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AMAT latest news

On November 18, 2021, Applied Materials Inc. (AMAT) announced its financial results for the fourth quarter and Fiscal year 2021 which ended on October 31, 2021.

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Q4 2021 financial highlights

  • AMAT earned total revenue of $6.12 billion in Q4 2021 compared to $4.7 billion in Q4 2020.
  • Its gross margin was 48.1% in Q4 2021 compared to 45.4% in Q4 2020.
  • Total operating expenses were $931 million in Q4 2021 compared to $847 million in Q4 2020.
  • It earned a net income of $1.7 billion in Q4 2021 compared to $1.13 billion in Q4 2020.
  • Diluted earning per share was $1.89 in Q4 2021 compared to $1.23 in Q4 2020.

FY 2021 financial highlights

  • Revenue was $23.06 billion in FY 2021 compared to $17.2 billion in FY 2020.
  • The gross margin was 47.3% in FY 2021 compared to $44.7 in FY 2020.
  • Total operating expenses were $4.02 billion in FY 2021 compared to $3.3 billion in FY 2020.
  • It reported a net income of $5.8 billion in FY 21 compared to $3.6 billion in FY 2020.
  • Diluted earning per share was $6.40 in FY 2021 compared to $3.92 in FY 2020.

Q1 2022 financial outlook

For Q1 2022, Applied expects

  • Net sales to be approximately $6.16 billion.
  • Non-GAAP adjusted diluted EPS is expected to be in the range of $1.78 to $1.92.

AMAT participation in the upcoming conference

Applied Materials, Inc. (AMAT) will participate in a fireside chat at the Credit Suisse Technology Conference in Scottsdale, Arizona which is to be held on Tuesday, Nov. 30 beginning at 9:00 a.m. PT / 12:00 p.m. ET. The company will be presented by Gary Dickerson, President, and CEO during the event.

AMAT new eBeam Metrology System 

On October 18, 2021, Applied Materials, Inc. (AMAT) unveiled a unique eBeam metrology system that enables a new playbook for patterning control based on massive on-device, across-wafer, and through-layer measurements.

The new system can measure semiconductor device structures across the wafer and through layers at high speed, customers are moving to a new patterning control playbook based on big data.

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Conclusion

The Applied Stock went down in the after-hours after its unimpressive financial results and it can continue to decline on Friday as well.

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