Applied Materials Inc


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SKU: AMAT Category:


Applied Materials, Inc. delivered an all-around beat in the previous quarter. Despite a downturn in semiconductor and wafer fabrication equipment spending in 2023, Applied showcased its diverse portfolio’s resilience and pivotal role in driving major industry advancements. The Semiconductor Systems business exhibited mid-single-digit growth for the fiscal year, consistently outperforming the wafer fab equipment market for the fifth consecutive year. Throughout the past year, various business units achieved notable milestones, including surpassing 10,000 shipments of the Sym3 chamber in the etch division. Applied Materials expanded its footprint in IoT, communications, auto, power, and sensor sectors, enhancing its ICAPS business with new products and application wins. The company demonstrated resilience in services, achieving low single-digit revenue growth despite challenges such as lower fab utilization rates and trade restrictions. Their team focused on operational and supply chain enhancements in 2023, resulting in improved on-time delivery, shipment quality, and normalized inventory levels. Applied Materials envisions sustained outperformance by aligning with four key growth components. They anticipate semiconductor growth surpassing GDP, the wafer fab equipment market expanding as fast or faster than semiconductors, Applied outperforming the wafer fab equipment market, and their service business growing with or surpassing equipment sales.

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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