Applied Materials had record revenues for its fiscal Q4 ending October 25th for an operating profit of $1.28 billion or 27.4% of net sales.

For its full fiscal year 2020, Applied had revenues of of $17.2 billion for a profit of $4.37 billion or 28.3% of net sales.

Cash of $1.32 billion was generated.

“Applied Materials closed fiscal 2020 with record quarterly performance as demand for our semiconductor systems and services remains very strong,” said Gary Dickerson (pictured) president and CEO, “our future opportunities have never looked better and, as powerful technology trends take shape, we are uniquely positioned to accelerate our customers’ roadmaps and outperform our markets.”

Applied forecast sales of $4.95 billion for the current quarter.