| 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 | |||||||
| (In millions, except per share amounts) | January 28,
2024 | January 29,
2023 | |||||
| Non-GAAP Earnings Per Diluted Share | |||||||
| GAAP reported earnings per diluted share | $ | 2.41 | $ | 2.02 | |||
| Certain items associated with acquisitions | 0.01 | 0.01 | |||||
| Acquisition integration and deal costs | — | 0.01 | |||||
| Unrealized loss (gain) on strategic investments, net | (0.33 | ) | — | ||||
| Income tax effect of share-based compensation | (0.03 | ) | (0.02 | ) | |||
| Income tax effects related to intra-entity intangible asset transfers | 0.03 | 0.02 | |||||
| Resolution of prior years’ income tax filings and other tax items | 0.04 | (0.01 | ) | ||||
| Non-GAAP earnings per diluted share | $ | 2.13 | $ | 2.03 | |||
| Weighted average number of diluted shares | 837 | 849 | |||||
