Applied Materials, Inc. reported its financial results for the third quarter ended July 28, 2024, on August 15, 2024. The company announced a revenue increase of 5% year over year to $6.78 billion. GAAP operating margin rose to 28.7%, and non-GAAP operating margin increased to 28.8%. GAAP EPS was $2.05, and non-GAAP EPS was $2.12, marking an 11% and 12% increase respectively compared to the previous year. Applied Materials generated $2.39 billion in cash from operations and returned $1.19 billion to shareholders through share repurchases and dividends. President and CEO Gary Dickerson attributed the strong results to demand driven by AI leadership, which positions the company to outperform its markets in the long term. For the fourth quarter of fiscal 2024, Applied Materials expects net revenue to be approximately $6.93 billion, with non-GAAP diluted EPS in the range of $2.00 to $2.36.

Applied Materials, Inc. reported its financial results for the third quarter ended July 28, 2024, on August 15, 2024. The company announced a revenue increase of 5% year over year to $6.78 billion. GAAP operating margin rose to 28.7%, and non-GAAP operating margin increased to 28.8%. GAAP EPS was $2.05, and non-GAAP EPS was $2.12, marking an 11% and 12% increase respectively compared to the previous year. Applied Materials generated $2.39 billion in cash from operations and returned $1.19 billion to shareholders through share repurchases and dividends. President and CEO Gary Dickerson attributed the strong results to demand driven by AI leadership, which positions the company to outperform its markets in the long term. For the fourth quarter of fiscal 2024, Applied Materials expects net revenue to be approximately $6.93 billion, with non-GAAP diluted EPS in the range of $2.00 to $2.36.