Applied Matls Inc Stock Price, News & Analysis

Applied Materials has responded to the U.S. government's updated export regulations for semiconductor technology announced on December 2, 2024. Following an initial assessment, the company stated that these new regulations will not affect their previously announced first quarter fiscal 2025 business outlook ranges, which were provided in their November 14, 2024 financial results.

Applied Materials has introduced the MAX OLED™ solution, a breakthrough technology designed to bring superior OLED displays to tablets, PCs, and TVs. The patented solution enables OLED manufacturing on larger glass panels, with Samsung Display set to assess the technology. The innovation increases pixel brightness by up to 3X, improves resolution by 2.5X, reduces power consumption by over 30%, and extends display lifetime by up to 5X. The technology uses selective deposition for precise pixel placement and doubles the OLED material per area compared to previous technologies. The solution has received multiple orders from leading display manufacturers and is expected to double Applied's addressable market in OLED display manufacturing.

Applied Materials announced the expansion of its EPIC innovation platform with a new collaboration model focused on advanced chip packaging technologies. The initiative, called EPIC Advanced Packaging, aims to accelerate the commercialization of energy-efficient computing solutions through partnerships between equipment makers, material providers, device companies, and research institutes.

The company hosted a summit in Singapore with over two dozen R&D leaders to address the increasing energy consumption challenges in AI computing. The strategy focuses on developing advanced packaging technologies like micro-bumps, through-silicon vias, and silicon interposers to enhance interconnect density and bandwidth for next-generation systems.

Applied Materials (AMAT) has announced its participation in two upcoming investor conferences. CFO Brice Hill will engage in fireside chats at the UBS Global Technology Conference in Scottsdale on December 3 at 9:55 AM PT, and the Wells Fargo TMT Summit in Rancho Palos Verdes on December 4 at 8:45 AM PT. Live audio webcasts will be accessible on Applied Materials' investor relations website, with replays available on the same day.

Applied Materials (AMAT) reported strong Q4 and fiscal year 2024 results. Q4 revenue reached $7.05 billion, up 5% year-over-year, with non-GAAP EPS of $2.32, increasing 9%. Fiscal year 2024 revenue hit $27.18 billion, up 2%, with record non-GAAP EPS of $8.65, up 7%. The company generated $8.68 billion in cash from operations and returned $5.01 billion to shareholders through dividends and share repurchases. For Q1 2025, AMAT expects revenue of approximately $7.15 billion and non-GAAP EPS of $2.29.

Skyhigh Security has announced two key executive appointments: Sanjay Castelino as President and James Denena as Chief Financial Officer. Castelino brings over 30 years of technology experience, including roles at Snow Software, Spiceworks, and SolarWinds. Denena joins with nearly 25 years of experience in financial leadership at companies like Snow Software, PROS, and Applied Materials. These appointments follow recent additions of a CRO, CTO, and EVP of Product, strengthening the company's position in data-focused cloud, on-premises, and hybrid security solutions. The expanded leadership team aims to accelerate growth, drive innovation, and establish Skyhigh Security as a trusted leader in data security.

Applied Materials (AMAT) has scheduled a webcast to discuss its fourth quarter and fiscal 2024 financial results on Thursday, November 14, 2024, at 4:30 p.m. ET / 1:30 p.m. PT. The live webcast will be available through the company's investor relations website. A replay of the webcast will be accessible starting at 8:00 p.m. ET / 5:00 p.m. PT on the same day.

Applied Materials (AMAT) has announced a quarterly cash dividend of $0.40 per share, payable on Dec. 12, 2024 to shareholders of record as of Nov. 21, 2024. This dividend is part of the company's capital allocation strategy and represents a 25% increase from the previous $0.32 per share. Applied Materials has consistently increased its dividend for seven consecutive years, with a compound annual growth rate of 15% over the past decade.

In Q3 fiscal 2024, the company distributed $1.19 billion to shareholders through dividends and share repurchases. Applied Materials had approximately $10.3 billion remaining in its share repurchase authorization at the end of the period, demonstrating its commitment to returning value to shareholders.

Applied Materials (AMAT) has appointed Florent Ducrot as the new Head of European Operations. With over 30 years of semiconductor industry experience, Ducrot brings extensive expertise in marketing, service, and business development. He succeeds James Robson, who is retiring after 35+ years with the company.

During his 21-year tenure at Applied Materials, Ducrot has led initiatives contributing to significant growth in the company's services business. In his previous role as VP of Business Development for Applied Global Services, he was instrumental in developing innovative services to help customers accelerate technology ramp-up, improve yield, and optimize costs.

Ducrot's appointment comes at a important time for the semiconductor industry, with increasing demand driven by IoT, AI, electric vehicles, and clean energy technologies. His leadership is expected to benefit Applied Materials as it scales operations to support future growth in Europe.