Applied Materials Inc. (AMAT) reported second-quarter fiscal 2024 non-GAAP earnings of $2.09 per share, surpassing the Zacks Consensus Estimate by 6.1%. Moreover, the figure improved 5% from the year-ago quarter’s reported number.Net revenues of $6.65 billion were up 0.2% from the year-ago quarter. The figure surpassed the Zacks Consensus Estimate of $6.51 billion.Strong momentum in the Applied Global Services (“AGS”) segment was a positive. Improving the Display segment contributed well. AMAT also experien ...

Key PointsApplied Materials stock has changed slightly after reporting its first quarter of 2024 earnings results.Analysts still see the company's double-digit upside and EPS growth as its primary customers are taking over the industry.Price action gave Applied Materials all the hype, yet its valuation shows a steep discount to peers.5 stocks we like better than Applied MaterialsInvestors may have noticed a recent hype surrounding technology stocks, with a particular niche calling for additional attention. ...

SANTA CLARA, Calif., May 17, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that Gary Dickerson, President and CEO, and Brice Hill, Senior Vice President and CFO, will participate in fireside chats at upcoming investor conferences. Mr. Dickerson will participate at the Bernstein Strategic Decisions Conference in New York on Thursday, May 30 beginning at 11:30 a.m. PT / 2:30 p.m. ET. Mr. Hill will participate at the BofA Securities Global Technology Conference in San Francisco on Thursday, ...

SANTA CLARA, Calif., May 17, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that Gary Dickerson, President and CEO, and Brice Hill, Senior Vice President and CFO, will participate in fireside chats at upcoming investor conferences. Mr. Dickerson will participate at the Bernstein Strategic Decisions Conference in New York on Thursday, May 30 beginning at 11:30 a.m. PT / 2:30 p.m. ET. Mr. Hill will participate at the BofA Securities Global Technology Conference in San Francisco on Thursday, ...

Applied Materials, Inc. (NASDAQ:AMAT) Q2 2024 Earnings Conference Call May 16, 2024 4:30 PM ET Company Participants Michael Sullivan - Corporate Vice President Gary Dickerson - President & Chief Executive Officer Brice Hill - Chief Financial Officer Conference Call Participants CJ Muse - Cantor Fitzgerald Stacy Rasgon - Bernstein Research Mark Lipacis - Evercore ISI Vivek Arya - Bank of America Securities Chris Caso - Wolfe Research Srini Pajjuri - Raymond James Atif Malik - Citi Toshiya Hari - Goldman Sach ...

Applied Materials (AMAT) came out with quarterly earnings of $2.09 per share, beating the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $2 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.09%. A quarter ago, it was expected that this maker of chipmaking equipment would post earnings of $1.90 per share when it actually produced earnings of $2.13, delivering a surprise of 12.11%.Over the last four qu ...

For the quarter ended April 2024, Applied Materials (AMAT) reported revenue of $6.65 billion, up 0.2% over the same period last year. EPS came in at $2.09, compared to $2.00 in the year-ago quarter.The reported revenue represents a surprise of +2.04% over the Zacks Consensus Estimate of $6.51 billion. With the consensus EPS estimate being $1.97, the EPS surprise was +6.09%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Second Quarter Fiscal 2024 Earnings Presentation May 16, 2024 Applied Materials External Forward-Looking Statements This presentation contains forward-looking statements, including those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, technology transitions, our business and financial performance and market share positions, our capital allocation and cash deployment strategies, our investment and growth strategies, our development of new products ...

Core Insights - Applied Materials reported second quarter revenue of $6.65 billion, remaining flat year over year [1][4] - The company achieved a GAAP operating margin of 28.8% and a non-GAAP operating margin of 29.0%, both showing minimal change from the previous year [1][4] - GAAP EPS increased by 11% to $2.06, while non-GAAP EPS rose by 5% to $2.09 [1][4] - Cash generated from operations amounted to $1.39 billion [1][2] Financial Performance - Revenue: $6.65 billion, unchanged from Q2 FY2023 [4] - GAAP Gross Margin: 47.4%, up 0.7 points from 46.7% in Q2 FY2023 [4] - Non-GAAP Gross Margin: 47.5%, an increase from 46.8% in Q2 FY2023 [4] - Operating Income: GAAP $1.91 billion (28.8% margin), Non-GAAP $1.93 billion (29.0% margin) [2][4] - Net Income: GAAP $1.72 billion, Non-GAAP $1.74 billion [4][26] - Cash from Operations: $1.39 billion [2][4] Shareholder Returns - The company distributed $1.09 billion to shareholders, including $820 million in share repurchases and $266 million in dividends [2][4] Business Outlook - For Q3 FY2024, Applied Materials expects net revenue to be approximately $6.65 billion, with a potential variance of $400 million [5] - Non-GAAP diluted EPS is projected to range from $1.83 to $2.19 [5] Segment Performance - Semiconductor Systems revenue was $4.90 billion, a slight decrease from $4.98 billion in Q2 FY2023 [8] - Applied Global Services revenue increased to $1.53 billion from $1.43 billion in Q2 FY2023 [9] - Display and Adjacent Markets revenue was $179 million, up from $168 million in Q2 FY2023 [10] Geographic Revenue Distribution - Revenue from China was $2.83 billion, significantly up from $1.41 billion in Q2 FY2023, representing 43% of total revenue [25] - Revenue from the United States decreased to $853 million from $1.11 billion, accounting for 13% of total revenue [25]

Revenue $6.65 billion, flat year over yearGAAP operating margin 28.8 percent and non-GAAP operating margin 29.0 percent, flat and down 0.1 point year over year, respectivelyGAAP EPS $2.06 and non-GAAP EPS $2.09, up 11 percent and 5 percent year over year, respectivelyGenerated $1.39 billion in cash from operations SANTA CLARA, Calif., May 16, 2024 (GLOBE NEWSWIRE) --  Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its second quarter ended Apr. 28, 2024. Second Quarter Results Applied gene ...