Applied Materials (AMAT) Reports Strong Performance in Second Quarter of 2024
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, showing stability year-over-year.
GAAP net income increased 9% to $1.72 billion and EPS rose 11% to $2.06 compared to the previous year. Adjusted EPS grew 5% to $2.09.
Expectations for Q3 2024
For the upcoming quarter, the company foresees net revenue around $6.65 billion, with a potential variance of up to $400 million. The projected range for adjusted EPS lies between $1.83 and $2.19.
Prior Performance
Applied Materials (AMAT) continues to demonstrate consistent performance, as reflected in its Q2 2024 earnings report.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.