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Applied Materials (AMAT) Earnings: 2Q24 Key Numbers

Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year.

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

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