Applied Materials, Inc. reported its financial results for the fourth quarter and fiscal year ended October 27, 2024, on November 14, 2024. The company announced a quarterly revenue of $7.05 billion, a 5 percent increase year over year, and a quarterly GAAP EPS of $2.09, down 12 percent from the previous year. However, non-GAAP EPS was $2.32, up 9 percent year over year. For the annual figures, Applied Materials saw a revenue of $27.18 billion, marking a 2 percent increase from the previous year, with annual GAAP EPS at $8.61 and non-GAAP EPS at $8.65, both showing an increase of 6 and 7 percent respectively. The company also highlighted record operating income and cash from operations, with significant cash returned to shareholders through repurchases and dividends. President and CEO Gary Dickerson attributed the strong...Show More

Applied Materials, Inc. reported its financial results for the fourth quarter and fiscal year ended October 27, 2024, on November 14, 2024. The company announced a quarterly revenue of $7.05 billion, a 5 percent increase year over year, and a quarterly GAAP EPS of $2.09, down 12 percent from the previous year. However, non-GAAP EPS was $2.32, up 9 percent year over year. For the annual figures, Applied Materials saw a revenue of $27.18 billion, marking a 2 percent increase from the previous year, with annual GAAP EPS at $8.61 and non-GAAP EPS at $8.65, both showing an increase of 6 and 7 percent respectively. The company also highlighted record operating income and cash from operations, with significant cash returned to shareholders through repurchases and dividends. President and CEO Gary Dickerson attributed the strong performance to the company's technology leadership and execution, positioning them to enable customers in AI and energy-efficient computing. Looking ahead, Applied Materials expects net revenue for the first quarter of fiscal 2025 to be approximately $7.15 billion, with non-GAAP diluted EPS around $2.29. The company's report included detailed financial statements and reconciliations of GAAP to non-GAAP financial measures, emphasizing their leadership in materials engineering solutions.