8-KOther Events

APPLIED MATERIALS INC /DE 8-K Report (Aug 12, 2003)

Filed August 12, 2003For Securities:AMAT

Summary

Applied Materials, Inc. (AMAT) filed an 8-K on August 12, 2003, to announce its financial results for the third fiscal quarter ended July 27, 2003. The report primarily serves as a notification of the press release containing these results, which is attached as Exhibit 99.1. While the 8-K itself does not contain detailed financial tables, it directs investors to the press release for the specific figures and commentary. Notably, the filing highlights the company's use of a non-GAAP financial measure, pro forma net income, which excludes costs associated with 'realignment activities.' Applied Materials believes this pro forma measure offers a clearer view of the company's baseline performance and is a key metric for management's planning and forecasting. Investors should refer to the accompanying press release for the detailed reconciliation between GAAP and pro forma figures, as well as the specific financial performance and outlook.

Key Highlights

  • 1Announcement of Third Fiscal Quarter 2003 Financial Results.
  • 2Press Release containing detailed financial results filed as Exhibit 99.1.
  • 3Company utilizes a non-GAAP financial measure (pro forma net income) to report results.
  • 4Pro forma net income excludes costs related to 'realignment activities'.
  • 5Applied Materials believes pro forma net income provides a better view of baseline performance and is key for management forecasting.
  • 6Investors are directed to the press release for reconciliations of GAAP to pro forma figures.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Applied Materials, Inc.'s financial results for the third fiscal quarter ended July 27, 2003, and to furnish the press release containing these results as an exhibit.

Pro forma net income is a non-GAAP financial measure used by Applied Materials that adjusts GAAP net income to exclude costs associated with 'realignment activities.' The company uses it to provide a view of baseline performance and for management's planning and forecasting.

The detailed financial results, including specific revenue and earnings figures, are provided in the press release issued by Applied Materials, Inc. dated August 12, 2003, which is attached as Exhibit 99.1 to this 8-K filing.

No, the pro forma financial measures are explicitly stated as non-GAAP measures and are not in accordance with, or an alternative for, GAAP. They may also differ from similar measures used by other companies. Reconciliations to GAAP are provided in the press release.