earnings
confidence high
sentiment positive
materiality 0.60
Applied Materials Q2 FY2024 EPS up 5% (non-GAAP) to $2.09; revenue flat at $6.65B
APPLIED MATERIALS INC /DE
2024-Q2 EPS reported
$4.47
revenue$13,353,000,000
- GAAP EPS $2.06, up 11% YoY; net income $1.72B.
- Non-GAAP EPS $2.09, up 5% YoY; non-GAAP operating margin 29.0%.
- Revenue $6.65B, flat YoY; GAAP gross margin improved 0.7 pts to 47.4%.
- Cash from operations $1.39B; returned $1.09B via $820M buybacks, $266M dividends.
- Management cited strong performance from enabling portfolio for AI, IoT, EVs, clean energy.