8-KEarnings & ResultsExhibits & Filings

APPLIED MATERIALS INC /DE 8-K Report, Financial Results (Feb 15, 2005)

Filed February 15, 2005For Securities:AMAT

Summary

Applied Materials, Inc. (AMAT) filed an 8-K on February 15, 2005, to announce its financial results for the first fiscal quarter ended January 30, 2005. The report primarily directs investors to a press release (Exhibit 99.1) for detailed financial information. A key aspect of the announcement is the company's use of non-GAAP financial measures, specifically "ongoing results," which exclude charges related to realignment activities. Applied Materials believes these non-GAAP figures provide a clearer view of baseline performance and are crucial for management's planning and forecasting. Investors should pay close attention to the accompanying press release for the actual financial figures, including revenue, net income, and earnings per share, both on a GAAP and non-GAAP basis. The company emphasizes that these non-GAAP measures are supplementary and may differ from those used by other companies. The 8-K itself does not contain the financial tables but serves as the official notification of the results and the method of presentation.

Key Highlights

  • 1Announcement of Q1 Fiscal Year 2005 financial results for Applied Materials, Inc. (AMAT) on February 15, 2005.
  • 2The primary source for detailed financial results is the press release filed as Exhibit 99.1.
  • 3Company utilizes non-GAAP financial measures, referred to as 'ongoing results,' to present performance.
  • 4Non-GAAP 'ongoing results' exclude charges related to realignment activities.
  • 5Applied Materials considers 'ongoing results' a key indicator for planning and forecasting, reflecting baseline performance.
  • 6The 8-K filing explicitly states that the information presented is not incorporated by reference into other filings and is not deemed 'filed' for certain SEC liability purposes unless expressly stated.
  • 7Reconciliations between GAAP and non-GAAP results are provided in the accompanying press release.

Frequently Asked Questions

The 8-K filing itself does not provide specific financial figures such as revenue or net income. Investors need to refer to the press release (Exhibit 99.1) attached to this filing for detailed Q1 FY2005 financial results.

'Ongoing results' are a non-GAAP financial measure that excludes special items, specifically charges from realignment activities. The company uses this measure to provide investors with a view of baseline performance, removing the impact of restructuring charges, which they believe is useful for understanding operational trends and for internal planning and forecasting.

Applied Materials explicitly states that their non-GAAP measures, including 'ongoing results,' are neither in accordance with nor an alternative for GAAP. They also note that these measures may differ materially from non-GAAP methods used by other companies. Therefore, direct comparison without careful consideration of the adjustments made is not advised.

The filing specifies that the information and exhibit provided in this 8-K are not incorporated by reference into any future filings unless expressly stated. Furthermore, the information is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934 or Sections 11 and 12(a)(2) of the Securities Act of 1933, thus limiting certain liabilities associated with these sections.