Applied Materials(US:AMAT) ZACKS·2024-11-18 15:15Core Insights - Applied Materials (AMAT) reported total revenue of $7.05 billion for the quarter ending October 2024, reflecting a year-over-year increase of 4.8% [4] International Revenue Breakdown - Japan contributed $581 million, accounting for 8.25% of total revenue, slightly below the consensus estimate of $582.09 million, and down from $681 million (10.13%) in the same quarter last year [5] - Korea generated $1.17 billion, representing 16.64% of total revenue, exceeding expectations of $1.05 billion, and up from $745 million (11.08%) year-over-year [6] - Southeast Asia's revenue was $314 million, making up 4.46% of total revenue, surpassing the projected $256.58 million, and significantly up from $168 million (2.50%) in the previous year [7] - China accounted for $2.14 billion, or 30.32% of total revenue, which was below the expected $2.83 billion, and down from $2.96 billion (44.07%) in the same quarter last year [8] - Europe contributed $405 million, representing 5.75% of total revenue, exceeding the expected $382 million, and down from $441 million (6.56%) year-over-year [9] - Taiwan's revenue was $1.28 billion, accounting for 18.23% of total revenue, significantly exceeding expectations of $942.21 million, and up from $922 million (13.71%) in the previous year [10] Future Revenue Expectations - Analysts expect AMAT to report $7.15 billion in total revenue for the current fiscal quarter, a 6.6% increase year-over-year, with contributions from various regions projected as follows: Japan (7.9% or $561.98 million), Korea (16% or $1.14 billion), Southeast Asia (4% or $282.43 million), China (39.5% or $2.82 billion), Europe (5.2% or $370.35 million), and Taiwan (13.4% or $957.01 million) [11] - For the full year, total revenue is expected to reach $29.72 billion, reflecting a 9.4% increase from the previous year, with regional contributions projected as follows: Japan (7.9% or $2.35 billion), Korea (15.6% or $4.65 billion), Southeast Asia (4.2% or $1.25 billion), China (38.6% or $11.46 billion), Europe (5.1% or $1.52 billion), and Taiwan (14.2% or $4.21 billion) [12] Market Context - The dependency of AMAT on global markets for revenue presents both opportunities and challenges, making the monitoring of international revenue trends crucial for predicting future performance [13] - Financial analysts are increasingly focused on international developments to refine earnings estimates, which are influenced by various factors including local market conditions [14]