Categories AlphaGraphs, Earnings, Technology
AMAT Earnings: Everything you need to know about Applied Materials’ Q1 report
Applied Materials, Inc. (NASDAQ: AMAT) on Thursday announced financial results for the first quarter of 2024, reporting an increase in adjusted profit.
Adjusted earnings of the semiconductor technology company increased to $2.13 per share in the January quarter from $2.03 per share in the same period of 2023. Net income, including special items, was $2.02 billion or $2.41 per share in the first quarter, compared to $1.72 billion or $2.02 per share last year.
Net revenue came in at $6.71 billion during the three months, compared to $6.74 billion in the prior-year quarter. The company generated $2.33 billion in cash from operations in Q1.
“Our leadership positions at key semiconductor inflections support continued outperformance as customers ramp next-generation chip technologies critical to AI and IoT over the next several years,” said Gary Dickerson, the company’s CEO.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
