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Applied Materials Announces Results for Second Quarter of Fiscal 2007

(PresseBox) (95054-3299 Santa Clara, ) Applied Materials, Inc. (Nasdaq:AMAT) reported
results for its second fiscal quarter ended April 29, 2007. Net sales were $2.53 billion, up 13 percent from $2.25 billion for the second quarter of fiscal 2006, and up
11 percent from $2.28 billion for the first quarter of fiscal 2007. Gross margin for the second quarter of fiscal 2007 was 44.9 percent, down from 46.5 percent for the
second quarter of fiscal 2006, and down from 46.7 percent for the first quarter of fiscal 2007. Net income for the second quarter of fiscal 2007 was $411 million, or
$0.29 per share, compared to net income of $413 million, or $0.26 per share, for the second quarter of fiscal 2006, and compared to net income of $403 million, or $0.29
per share, for the first quarter of fiscal 2007. Current quarter results reflected charges related to the previously announced decision to cease development of
beamline implant products and certain charges associated with the acquisition of the software division of Brooks Automation, Inc.

“Applied Materials delivered higher than expected revenue and earnings this quarter,” said Mike Splinter, president and CEO. “We demonstrated our ability to execute across our business lines, deliver enhanced operational performance and open new opportunities for growth, announcing our first contracts for solar cell production lines. While the market for Display remained soft, Silicon and Fab Solutions exceeded expectations fueled by continued high levels of memory investment and momentum from market share gains.”

Non-GAAP net income for the second quarter of fiscal 2007 was $509 million, or $0.36 per share, compared to non-GAAP net income of $457 million, or $0.29 per share, for the
second quarter of fiscal 2006. Non-GAAP net income for the first quarter of fiscal 2007 was $405 million, or $0.29 per share. Non-GAAP adjustments are explained further below
and detailed in the accompanying Reconciliation of GAAP to non-GAAP Results.

New orders of $2.65 billion for the second quarter of fiscal 2007 increased 6 percent from
$2.49 billion for the second quarter of fiscal 2006, and increased 4 percent from $2.54
billion for the first quarter of fiscal 2007. Regional distribution of new orders for the second
quarter of fiscal 2007 was: Taiwan 30 percent, North America 15 percent, Korea 15
percent, Southeast Asia and China 15 percent, Japan 14 percent and Europe 11 percent.
Backlog at the end of the second quarter of fiscal 2007 was $3.67 billion, compared to
$3.55 billion at the end of the first quarter of fiscal 2007.