Feb. 16, 2023 — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its first quarter ended Jan. 29, 2023. reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.10. revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.66 billion. updated its Q2 guidance to $1.66-2.02 EPS. analysts’ expectations of $1.6 billion. First Quarter Results Revenue $6.74 billion, up 7 percent year over year,On a GAAP basis, the company achieved gross margin of 46.7 percent, operating income of $1.97 billion or 29.2 percent of net sales, and record earnings per share (EPS) of $2.02. GAAP operating margin 29.2 percent and non-GAAP operating margin 29.5 percent, down 2.3 points and 2.2 points year over year, respectively。 GAAP EPS $2.02 and non-GAAP EPS $2.03, up 1 percent and 7 percent year over year, respectively。 On a non-GAAP adjusted basis, the company reported gross