Categories AlphaGraphs, Earnings, Technology
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings.
Adjusted earnings of the semiconductor technology company increased to $2.32 per share in the October quarter from $2.12 per share in the same period of 2023. Net income, including special items, was $1.73 billion or $2.09 per share in Q4, compared to $2.0 billion or $2.38 per share last year.
The bottom line benefited from an increase in net sales to $7.05 billion in the fourth quarter from $6.72 billion in the corresponding period last year.
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