Applied Materials Q1 FY2024: rev flat $6.71B, GAAP EPS $2.41 (+19%), non-GAAP $2.13 (+5%)

APPLIED MATERIALS INC /DE

2024-Q1 EPS reported $2.41 revenue$6,707,000,000

Revenue $6.71B flat YoY; GAAP EPS $2.41 (+19%), non-GAAP EPS $2.13 (+5%).
GAAP operating margin 29.3% (+0.1pp); non-GAAP operating margin 29.5% (flat).
Cash from operations $2.33B; returned $966M to shareholders via $700M buybacks and $266M dividends.
CEO cites leadership in AI and IoT inflections driving continued outperformance.
Change in useful lives of PP&E boosted GAAP and non-GAAP EPS by $0.03.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

APPLIED MATERIALS INC /DE reported first quarter ended January 28, 2024 results: revenue $6.71 billion, net income $2,019 million, EPS $2.41.

Period: first quarter ended January 28, 2024
Revenue: $6.71 billion
Net income: $2,019 million
EPS: $2.41
Result: reported results

Exact text from the filing

Applied generated revenue of $6.71 billion. On a GAAP basis, the company reported gross margin of 47.8 percent, operating income of $1.97 billion or 29.3 percent of net revenue, and earnings per share (EPS) of $2.41.

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Source: SEC EDGAR

accession 0000006951-24-000006

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