Applied Materials Inc


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SKU: AMAT Category:


Applied Materials delivered record performance in their third quarter, capitalizing on strong, broad-based demand for their semiconductor products and services while navigating a challenging supply environment. The biggest highlight of its performance is the fact that the company is generating 60% of its recurring revenue from subscriptions, and its goal is to reach nearly 70% by 2024. Moreover, they also have a subscription renewal rate of around 90% and a very low churn. Applied Materials delivered the highest-ever operating profit, operating margin, and earnings per share with a record free cash flow generation of $1.5 billion. The company also repurchased $1.5 billion of stock during the third quarter and returned 111% of free cash flow to stockholders, including dividends. It is worth highlighting that To sum up, we believe the company is well-positioned in the industry with strong growth prospects in the future and maintain our ‘Buy’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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