1 These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets.
2 The severance and related charges primarily related to a one-time voluntary retirement program offered to certain eligible employees.
3 GAAP basis tax benefit related to share-based compensation is recognized ratably over the fiscal year on a non-GAAP basis.
APPLIED MATERIALS, INC.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ADJUSTED RESULTS
| Three Months Ended | |||||||
| (In millions, except per share amounts) | January 29,
2023 | January 30,
2022 | |||||
| Non-GAAP Adjusted Earnings Per Diluted Share | |||||||
| Reported earnings per diluted share - GAAP basis | $ | 2.02 | $ | 2.00 | |||
| Certain items associated with acquisitions | 0.01 | 0.01 | |||||
| Acquisition integration and deal costs | 0.01 | — | |||||
| Unrealized loss (gain) on strategic investments, net | — | (0.01 | ) | ||||
| Income tax effect of share-based compensation | (0.02 | ) | (0.06 | ) | |||
| Income tax effects related to intra-entity intangible asset transfers | 0.02 | 0.02 | |||||
| Resolution of prior years’ income tax filings and other tax items | (0.01 | ) | (0.07 | ) | |||
| Non-GAAP adjusted earnings per diluted share | $ | 2.03 | $ | 1.89 | |||
| Weighted average number of diluted shares | 849 | 897 | |||||
