Applied Materials Q3 2024 Earnings: Strong Growth and Revenue Beat
Positive Earnings Report
Applied Materials (AMAT) reported robust third-quarter fiscal 2024 financial results, surpassing analysts' expectations.
The company generated $2.39 billion in cash from operations, distributing $1.19 billion to shareholders.
On a GAAP basis, AMAT reported third-quarter fiscal 2024 non-GAAP earnings of $1.94 per share.
Revenue Growth
Applied Materials reported stronger-than-expected revenue for the fiscal third quarter, generating $6.43 billion.
The company's semiconductor systems segment drove growth, with revenue increasing by 12.4% year-over-year.
Earnings per Share
AMAT came out with quarterly earnings of $2.12 per share, beating the consensus estimate of $2.01.
This represents a 10% increase compared to the same period last year.
Outlook
Applied Materials is scheduled to release its Q3 2024 earnings on August 15, 2024.
Analysts on Wall Street project that AMAT will announce quarterly earnings of $2.01 per share.
Conclusion
Applied Materials' strong third-quarter results and positive outlook demonstrate the company's continued leadership in the semiconductor industry.
Investors can look forward to the upcoming release of the company's Q3 2024 earnings for further insights into its performance and future prospects.
Komentar