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Applied Materials Inc. develops materials engineering equipment and process technologies used in semiconductor manufacturing and advanced displays. News about AMAT centers on chipmaking systems for atomic-scale deposition, Gate-All-Around logic, DRAM and high-bandwidth memory, 3D advanced packaging, and process control for AI and high-performance computing devices.
Company updates also cover EPIC Center collaborations with chipmakers and ecosystem partners, commercialization pathways from R&D to high-volume manufacturing, quarterly earnings communications, dividend actions, capital allocation, and investor-conference participation.
Applied Materials (NASDAQ: AMAT) announced its second-quarter 2024 results, with stable revenue of $6.65 billion compared to the same period last year. On a GAAP basis, the operating margin stood at 28.8%, while non-GAAP operating margin was 29.0%, reflecting a slight decline of 0.1 percentage points year over year. GAAP EPS increased by 11% to $2.06, and non-GAAP EPS rose by 5% to $2.09. The company generated $1.39 billion in cash from operations and returned $1.09 billion to shareholders through share repurchases and dividends. Looking ahead to Q3, Applied Materials expects revenue around $6.65 billion and non-GAAP EPS between $1.83 and $2.19.
Applied Materials, Inc. will host a webcast on May 16, 2024, to discuss its Q2 FY2024 financial results and release the CY2023 WFE market summary on May 2, 2024. The webcast will be accessible on the company's website, with a replay available the same day. This event aims to provide shareholders and investors with important financial insights.
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