Applied Materials reported its financial results for the second quarter and six months ended on April 29, 2018 with net sales of $4.57 billion, an increase of 29%, compared to $3.55 billion in Q2 FY17. Net income for Q2 FY18 was $1.13 billion, an increase of 37%, compared to $824 million in Q2 FY17. EPS increased to 43% and reached to $1.09 from $0.76 YoY.
Net sales for six month ended on April 29,2018 were $8.78 billion, an increase of 28.7%, compared to $6.82 billion in the same period of last fiscal year. Net income was $1.27 billion, a decrease of 16.5% compared to $1.52 billion in six month ended on April 30,2017.
In quarter second of fiscal 2018, Applied Materials saw significant growth across all the business segments. Semiconductor Systems grew by 24.7% from $2.99 billion to $2.40 billion whereas net sales of Applied Global Services increased to $943 million from $724 million, an increase of 30.2%. Display and Adjacent Markets recorded net sales of $600 million, an increase of 53.4%, compared to $391 million in Q2 FY17.
In the third quarter of fiscal 2018, net sales are expected to be in the range of $4.33 billion to $4.53 billion.
