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Revenue was $6.78 billion, up 5% year over year, with operating income of $1.94 billion.
August 20, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Applied Materials, Inc. reported results for its third quarter ended July 28, 2024. Applied generated record revenue of $6.78 billion. On a GAAP basis, the company reported gross margin of 47.3%, operating income of $1.94 billion or 28.7% of net revenue, and earnings per share (EPS) of $2.05. On a non-GAAP basis, the company reported gross margin of 47.4%, operating income of $1.95 billion or 28.8% of net revenue, and EPS of $2.12. The company generated $2.39 billion in cash from operat...
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