Applied Matls Inc Stock Price, News & Analysis

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.

Applied Materials (AMAT) announced participation in two upcoming investor conferences. CFO Brice Hill will attend the Citi 2024 Global TMT Conference in New York on September 4, 2024, at 6:10 a.m. PT. CEO Gary Dickerson will participate in the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 11, 2024, at 2:25 p.m. PT.

Both executives will engage in fireside chats at their respective events. Live audio webcasts of the sessions will be available on the Applied Materials investor relations website, with replays accessible on the same day. This announcement highlights the company's commitment to investor engagement and transparency.

Applied Materials (NASDAQ: AMAT) reported strong Q3 2024 results with record revenue of $6.78 billion, up 5% year-over-year. GAAP EPS increased 11% to $2.05, while non-GAAP EPS rose 12% to $2.12. The company's GAAP operating margin improved to 28.7%, and non-GAAP operating margin reached 28.8%. Applied Materials generated $2.39 billion in cash from operations and returned $1.19 billion to shareholders through share repurchases and dividends. The company's CEO, Gary Dickerson, attributed the strong performance to increased demand for AI-related products and services. For Q4 2024, Applied Materials expects revenue of approximately $6.93 billion and non-GAAP EPS between $2.00 and $2.36.

Applied Materials (AMAT) has announced a webcast to discuss its third quarter fiscal 2024 financial results. The event is scheduled for Thursday, August 15, 2024, at 4:30 p.m. ET / 1:30 p.m. PT. Investors and interested parties can access the live webcast through the company's investor relations website. For those unable to attend the live event, a replay will be available on the same day starting at 8:00 p.m. ET / 5:00 p.m. PT. This announcement indicates that Applied Materials is preparing to share its latest financial performance with stakeholders, which could potentially impact the stock's performance depending on the results presented.

TXOne Networks, a leader in Cyber-Physical Systems (CPS) security, has formed a strategic partnership with Applied Materials (AMAT), a renowned materials engineering solution provider in the semiconductor industry. This collaboration aims to enhance operational technology (OT) cybersecurity within the semiconductor supply chain. TXOne Networks' partnership with AMAT, which includes an investment from AMAT, is set to strengthen industry standards and innovation. Notable achievements include securing operations for over 3,600 organizations globally and contributing to key industry standards such as SEMI E187. Both companies see significant growth potential from this collaboration.

TXOne Networks is emerging as a leader in OT cybersecurity for the semiconductor manufacturing industry. The company focuses on providing advanced security solutions tailored to the unique demands of operational technology environments in semiconductor manufacturing. TXOne Networks emphasizes the need for robust cybersecurity measures to protect critical manufacturing processes and intellectual property against increasing cyber threats. The company collaborates with industry leaders to deliver innovative security products that ensure the safety and integrity of semiconductor production lines.

Applied Materials has unveiled significant advancements in chip wiring, introducing the industry’s first use of ruthenium in high-volume production to scale copper chip wiring to the 2nm node and beyond.

These innovations include a new enhanced low-k dielectric material, reducing chip capacitance and strengthening chips for 3D stacking.

The new binary metal liner of ruthenium and cobalt reduces the liner thickness by 33% and electrical line resistance by 25%, enhancing chip performance and power consumption.

These technologies are being adopted by major chipmakers like Samsung and TSMC and are expected to expand Applied's market opportunity in wiring, potentially increasing it to $7 billion per 100K wafer starts per month.

Applied Materials has released its latest Sustainability Report, highlighting its efforts to reduce carbon emissions in the semiconductor industry. The company announced its Net Zero 2040 Playbook aimed at achieving net zero emissions by 2040.

In 2023, Applied sourced 100% of its U.S. electricity from renewables and increased its global renewable energy sourcing to 70%. The company also installed a large rooftop solar array in Texas, expected to generate over 8.2 million kilowatt hours annually.

Applied's emission reduction targets for 2030 have been validated by the Science Based Targets initiative. The company is partnering with Schneider Electric's Catalyze program and is a founder of the Semiconductor Climate Consortium, advancing efforts to decarbonize the industry.

The full report is available on Applied Materials' website.