| 1 | These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets. |
| 2 | GAAP basis tax benefit related to share-based compensation is recognized ratably over the fiscal year on a non-GAAP basis. |
| 3 | Adjustment to provision for income taxes related to non-GAAP adjustments reflected in income before income taxes. |
| APPLIED MATERIALS, INC. | ||||||||||||||
| UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS | ||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||
| (In millions, except per share amounts) | July 28,
2024 | July 30,
2023 | July 28,
2024 | July 30,
2023 | ||||||||||
| Non-GAAP Earnings Per Diluted Share | ||||||||||||||
| GAAP reported earnings per diluted share | $ | 2.05 | $ | 1.85 | $ | 6.52 | $ | 5.73 | ||||||
| Certain items associated with acquisitions | 0.01 | 0.01 | 0.04 | 0.04 | ||||||||||
| Acquisition integration and deal costs | — | 0.01 | 0.01 | 0.02 | ||||||||||
| Realized loss (gain), dividends and impairments on strategic investments, net | 0.01 | — | 0.01 | 0.13 | ||||||||||
| Unrealized loss (gain) on strategic investments, net | 0.03 | — | (0.33 | ) | 0.01 | |||||||||
| Income tax effect of share-based compensation | 0.01 | 0.01 | (0.01 | ) | (0.01 | ) | ||||||||
| Income tax effects related to intra-entity intangible asset transfers | 0.02 | 0.01 | 0.07 | 0.03 | ||||||||||
| Resolution of prior years’ income tax filings and other tax items | (0.01 | ) | 0.01 | 0.03 | (0.02 | ) | ||||||||
| Non-GAAP earnings per diluted share | $ | 2.12 | $ | 1.90 | $ | 6.34 | $ | 5.93 | ||||||
| Weighted average number of diluted shares | 833 | 843 | 835 | 846 | ||||||||||
