Applied Materials Reports Strong Fiscal Year 2024 Results

Applied Materials, Inc. ( (AMAT) ) has released its Q4 earnings. Here is a breakdown of the information Applied Materials, Inc. presented to its investors.

Applied Materials, Inc., a leader in materials engineering solutions for semiconductor and advanced display production, announced its fourth-quarter and fiscal year 2024 results, highlighting record revenues and earnings per share (EPS). The company operates primarily in the semiconductor industry, leveraging its expertise to support AI and energy-efficient computing advancements.

For the fourth quarter of 2024, Applied Materials reported a record revenue of $7.05 billion, a 5% increase year over year. The company achieved a GAAP EPS of $2.09 and a non-GAAP EPS of $2.32, reflecting a 12% decrease and a 9% increase, respectively, from the previous year. Annual revenue reached $27.18 billion, a 2% growth compared to 2023, with GAAP and non-GAAP EPS both showing positive year-over-year growth.

Key financial metrics for the year included a gross margin of 47.5% on a GAAP basis and 47.6% on a non-GAAP basis. The company achieved record operating income of $7.87 billion on a GAAP basis and $7.92 billion on a non-GAAP basis. Notably, Applied Materials distributed $5.01 billion to shareholders through share repurchases and dividends in fiscal 2024.

Looking ahead, Applied Materials expects continued growth in the first quarter of fiscal 2025, with projected net revenue of approximately $7.15 billion. The company remains well-positioned to support key industry trends in semiconductor innovation, focusing on materials engineering to enable advancements in AI and energy-efficient technologies.

Overall, Applied Materials’ latest earnings report underscores its robust financial performance and strategic positioning in the semiconductor industry, with management expressing confidence in the company’s ability to capitalize on emerging technology trends.