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Oct 27, 2024
Applied Materials Q4 2024 Earnings Report
Applied Materials reported record Q4 and fiscal year 2024 performance, driven by technology leadership and strong execution.
Key Takeaways
Applied Materials announced its Q4 and fiscal year 2024 results, with record quarterly revenue of $7.05 billion, up 5 percent year over year, and GAAP EPS of $2.09. The company generated $2.58 billion in cash from operations and distributed $1.77 billion to shareholders.
Quarterly revenue reached $7.05 billion, a 5% increase year-over-year.
GAAP EPS was reported at $2.09, while non-GAAP EPS stood at $2.32.
Cash from operations amounted to $2.58 billion.
Shareholder returns totaled $1.77 billion, including share repurchases and dividends.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
In the first quarter of fiscal 2025, Applied expects net revenue to be approximately $7.15 billion, plus or minus $400 million. Non-GAAP diluted EPS is expected to be approximately $2.29, plus or minus $0.18.
Positive Outlook
- Net revenue is expected to be approximately $7.15 billion, plus or minus $400 million.
- Non-GAAP diluted EPS is expected to be approximately $2.29, plus or minus $0.18.
- Outlook excludes known charges related to completed acquisitions of $0.01 per share.
- Outlook includes a net income tax benefit related to intra-entity intangible asset transfers of $0.09 per share.
- The company is the leader in materials engineering solutions.
Challenges Ahead
- The outlook does not reflect any items that are unknown at this time.
- Additional charges related to acquisitions or other non-operational or unusual items are not reflected.
- Other tax-related items are not able to be predicted without unreasonable efforts due to their inherent uncertainty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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