Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2024/05/Applied-Materials-Q2-2024-Earnings-Infographic-662x1024.jpg)
GAAP net income increased 9% to $1.72 billion and EPS rose 11% to $2.06 compared to last year. Adjusted EPS grew 5% to $2.09.
Revenue and earnings beat expectations.
For the third quarter of 2024, the company expects net revenue to be approx. $6.65 billion, plus or minus $400 million. Adjusted EPS is expected to range between $1.83-2.19.
Prior performance
![Applied Materials Q1 2024 earnings infographic](https://cdn.news.alphastreet.com/wp-content/uploads/2024/02/Applied-Materials-Q1-2024-earnings-infographic-662x1024.jpg)
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