Applied Materials (AMAT) Revenue — Quarter Ended Jan 29, 2023
Revenue for the quarter was essentially flat compared to the immediately preceding period, while it increased relative to the same quarter one year earlier. The company's net sales rose year over year, supported by higher gross profit and operating income.
Key takeaway
Quarter ended Jan 29, 2023 · FY2023 Q1
Revenue for the quarter was essentially flat compared to the immediately preceding period, while it increased relative to the same quarter one year earlier. The company's net sales rose year over year, supported by higher gross profit and operating income.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.7B
Revenue reported for this quarter.
Quarter-over-quarter
-0.1%
Change from the immediately preceding quarter.
Year-over-year
+7.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$26.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 1, 2022 | $6.2B | +11.9% |
| Jul 31, 2022 | $6.5B | +5.2% |
| Oct 30, 2022 | $6.7B | +10.2% |
| Jan 29, 2023 | $6.7B | +7.5% |
Revenue performance
Net sales increased compared to the same quarter last year, with gross profit also rising. Operating income remained nearly unchanged despite higher operating expenses.
Quarterly comparison
Revenue was nearly unchanged from the prior quarter, reflecting stable demand. Compared to the same quarter a year ago, revenue grew, indicating continued year-over-year expansion.
What to watch
Monitor the trend in operating expenses, which increased year over year and could pressure margins if revenue growth slows.