Applied Materials (AMAT) reported $7.05 billion in revenue for the quarter ended October 2024, representing a year-over-year increase of 4.8%. EPS of $2.32 for the same period compares to $2.12 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $6.94 billion, representing a surprise of +1.52%. The company delivered an EPS surprise of +6.42%, with the consensus EPS estimate being $2.18. While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Applied Materials (AMAT) came out with quarterly earnings of $2.32 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.42%. A quarter ago, it was expected that this maker of chipmaking equipment would post earnings of $2.01 per share when it actually produced earnings of $2.12, delivering a surprise of 5.47%. Over the last fou ...

Fourth Quarter Fiscal 2024 Earnings Presentation November 14, 2024 Applied Materials External make possible Forward-Looking Statements 2 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 develop ...

Applied Materials (AMAT) reported fiscal fourth-quarter earnings that missed analysts’ expectations, sending shares lower after the bell Thursday despite a revenue beat. The semiconductor equipment maker saw revenue grow 5% year-over-year to $7.05 billion, above the analyst consensus from Visible Alpha. However, net income at $1.73 billion or $2.09 per share was down from $2 billion or $2.38 per share a year earlier and fell short of expectations.  Looking ahead, Applied Materials said it anticipates first ...

Financial Performance - Quarterly revenue reached $7.05 billion, representing a 5% increase year over year[1] - Quarterly GAAP EPS was $2.09, down 12% year over year, while non-GAAP EPS was $2.32, up 9% year over year[2] - Annual revenue for fiscal 2024 was $27.18 billion, a 2% increase year over year[1] - Annual GAAP EPS was $8.61, up 6% year over year, and non-GAAP EPS was $8.65, up 7% year over year[4] - Net income for Q4 FY2024 was $1,731 million, a decrease from $2,004 million in Q4 FY2023, while total net income for FY2024 reached $7,177 million compared to $6,856 million in FY2023[22] - The company reported diluted earnings per share of $2.09 for the three months ended October 27, 2024, down from $2.38 in the same period last year, a decrease of 12.2%[20] - Non-GAAP net income for Q4 FY2024 was $1,917 million, compared to $1,786 million in Q4 FY2023, with total non-GAAP net income for FY2024 reaching $7,210 million[24] Cash Flow and Operations - The company generated $2.58 billion in cash from operations in Q4 and $8.68 billion for the full year[3][5] - Total cash provided by operating activities for Q4 FY2024 was $2,575 million, significantly higher than $1,555 million in Q4 FY2023, contributing to a total of $8,677 million for FY2024[22] - Non-GAAP free cash flow for the three months ended October 27, 2024, was $2,168 million, up from $1,246 million in the same period last year[28] - Cash provided by operating activities for the three months ended October 27, 2024, was $2,575 million, compared to $1,555 million in the prior year[28] Shareholder Returns - Shareholder distributions totaled $1.77 billion in Q4, including $1.44 billion in share repurchases and $329 million in dividends[3] Segment Performance - In Q4, the Semiconductor Systems segment generated $5.18 billion in revenue, accounting for 73% of total revenue[12] - Non-GAAP operating income for Semiconductor Systems was $1,834 million for the three months ended October 27, 2024, compared to $1,751 million for the same period last year[26] - Non-GAAP operating margin for Semiconductor Systems was 35.4% for the three months ended October 27, 2024, slightly down from 35.9% year-over-year[26] Market Outlook - For Q1 FY2025, the company expects net revenue to be approximately $7.15 billion, plus or minus $400 million[9] - Non-GAAP diluted EPS for Q1 FY2025 is expected to be approximately $2.29, plus or minus $0.18[9] - The company is focused on expanding its market share and developing new markets, with ongoing investments in new products and technologies[19] Assets and Liabilities - Total assets increased to $34,409 million as of October 27, 2024, compared to $30,729 million a year earlier, representing a growth of 12.0%[21] - Cash and cash equivalents rose to $8,022 million, up from $6,132 million, marking a significant increase of 30.8%[21] - Total liabilities increased to $15,408 million from $14,380 million, reflecting a rise of 7.1%[21] - The company’s total stockholders' equity increased to $19,001 million, up from $16,349 million, indicating a growth of 10.1%[21] Expenses - Research, development, and engineering expenses increased to $3,233 million for the twelve months ended October 27, 2024, up from $3,102 million, indicating a growth of 4.2%[20] - Capital expenditures for the three months ended October 27, 2024, were $407 million, up from $309 million year-over-year[28] - The company reported capital expenditures of $407 million in Q4 FY2024, an increase from $309 million in Q4 FY2023, with total capital expenditures for FY2024 amounting to $1,190 million[22] Taxation - GAAP effective income tax rate for the three months ended October 27, 2024, was 8.7%[27] - Non-GAAP effective income tax rate for the same period was 11.0%[27]

Core Viewpoint - Applied Materials reported record revenue and earnings for the fourth quarter and fiscal year 2024, driven by strong demand in semiconductor innovation and materials engineering [6][4]. Quarterly Results - Quarterly revenue reached $7.05 billion, a 5% increase year over year [1][7]. - GAAP EPS was $2.09, down 12% year over year, while non-GAAP EPS was $2.32, up 9% year over year [1][2]. - Gross margin on a GAAP basis was 47.3%, with record operating income of $2.05 billion, representing 29.0% of net revenue [2][7]. Annual Results - Annual revenue for fiscal 2024 was $27.18 billion, up 2% year over year [1][4]. - GAAP EPS for the year was $8.61, up 6% year over year, while non-GAAP EPS was $8.65, up 7% year over year [1][4]. - The company generated $8.68 billion in cash from operations and distributed $5.01 billion to shareholders [5][3]. Business Outlook - For the first quarter of fiscal 2025, Applied expects net revenue to be approximately $7.15 billion, plus or minus $400 million, with non-GAAP diluted EPS expected to be around $2.29, plus or minus $0.18 [9][10]. Segment Information - In Q4 FY2024, the Semiconductor Systems segment generated net revenue of $5.18 billion, with an operating income of $1.82 billion [12]. - Applied Global Services segment reported net revenue of $1.64 billion, with an operating income of $492 million [13]. Cash Flow and Shareholder Returns - The company generated $2.58 billion in cash from operations in Q4 FY2024 and returned $1.77 billion to shareholders through share repurchases and dividends [3][5]. - Non-GAAP free cash flow for the quarter was $2.17 billion, a significant increase from the previous year [8][35].

Group 1 - The core expectation for Applied Materials Inc (AMAT) is to report earnings per share of $2.19 and revenues of $6.95 billion for the fourth quarter [1] - The stock has experienced a significant increase, up 20.48% over the past year and 20.25% year-to-date [1] Group 2 - Current technical analysis indicates a bearish trend for Applied Materials stock, trading below key exponential moving averages, suggesting continued selling pressure [2] - The stock price of $186.07 has fallen below several crucial simple moving averages, including the eight-day, 20-day, 50-day, and 200-day averages, all signaling bearish conditions [2] Group 3 - The MACD reading of negative 1.65 indicates downside momentum, while the RSI at 46.97 suggests the stock is nearing oversold territory, potentially indicating short-term relief [3] - Overall, technical indicators suggest caution regarding the stock's performance [3] Group 4 - The consensus analyst rating for Applied Materials stock is currently a Buy, with an average price target of $214.89, indicating a potential upside of 9.23% [4] - At the time of publication, the stock was trading at $185.75 [4]

Applied Materials, Inc. AMAT will release earnings results for its fourth quarter, after the closing bell on Thursday, Nov. 14.Analysts expect the Santa Clara, California-based bank to report quarterly earnings at $2.19 per share, up from $2.12 per share in the year-ago period. Applied Materials projects to report revenue of $6.97 billion for the recent quarter, compared to $6.72 billion a year earlier, according to data from Benzinga Pro.On Sept. 12, Applied Materials' board approved a quarterly cash divid ...

Key TakeawaysApplied Materials will report earnings after the closing bell on Thursday.A majority of analysts covering the stock tracked by Visible Alpha hold a "buy" or equivalent rating.The company posted record-high sales in the previous quarter, fueled by booming demand for artificial intelligence. Applied Materials (AMAT) is slated to report fiscal fourth-quarter earnings after the market closes on Thursday, with analysts leaning bullish ahead of the results. Of the 15 analysts covering the stock track ...

Applied Materials (AMAT) is scheduled to report fourth-quarter fiscal 2024 results on Nov. 14.For the fiscal fourth quarter, AMAT expects net sales of $6.93 billion (+/-$400 million). The Zacks Consensus Estimate for revenues is pegged at $6.94 billion, suggesting a rise of 3.2% from the year-ago quarter’s reading.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Applied Materials projects non-GAAP earnings in the range of $2.00-$2.36 per share. The Zacks Consensus Estimate for earnin ...