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)
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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%