Applied Materials achieved record Q4 FY2024 revenue of $7.05B, up 5% YoY, with non-GAAP EPS of $2.32, rising 9% YoY. The company reported Q4 GAAP operating income of $2.05B and generated $2.58B in cash from operations, returning $1.77B to shareholders through buybacks and dividends.For fiscal year 2024, the company delivered record revenue of $27.18B, up 2% YoY, with record GAAP EPS of $8.61 and non-GAAP EPS of $8.65. Annual operating income reached a record $7.87B, with strong cash generation of $8.68B from operations. The company distributed $5.01B to shareholders during the year.Looking ahead to Q1 FY2025, Applied Materials expects revenue of approximately $7.15B (+/- $400M) and non-GAAP EPS of around $2.29 (+/- $0.18). The company's leadership in materials engineering positions it well to enable customers in AI and energy-efficient computing initiatives.

Applied Materials achieved record Q4 FY2024 revenue of $7.05B, up 5% YoY, with non-GAAP EPS of $2.32, rising 9% YoY. The company reported Q4 GAAP operating income of $2.05B and generated $2.58B in cash from operations, returning $1.77B to shareholders through buybacks and dividends.For fiscal year 2024, the company delivered record revenue of $27.18B, up 2% YoY, with record GAAP EPS of $8.61 and non-GAAP EPS of $8.65. Annual operating income reached a record $7.87B, with strong cash generation of $8.68B from operations. The company distributed $5.01B to shareholders during the year.Looking ahead to Q1 FY2025, Applied Materials expects revenue of approximately $7.15B (+/- $400M) and non-GAAP EPS of around $2.29 (+/- $0.18). The company's leadership in materials engineering positions it well to enable customers in AI and energy-efficient computing initiatives.