$AMAT (+3.95%) | Applied Materials Q4 '24 Earnings Highlights

🔹 Adj. EPS: $2.32 (Est. $2.19) 🟢; UP +9% YoY

🔹 Revenue: $7.05B (Est. $6.96B) 🟢; UP +5% YoY

Q1'25 Guidance (Non-GAAP)

🔹 Revenue: $7.15B +/- $400M (Est. $7.24B) 🔴

🔹 EPS: $2.29 +/- $0.18 (Est. $2.27) 🟡

🔹 Gross Margin: 47.6% (Est. 47.6%) 🟡

🔹 Operating Margin: 29.5% (Est. 29.5%) 🟡

Q4 Segment Revenue

🔹 Semiconductor Systems: $5.18B (Est. $5.13B) 🟢; UP +6% YoY

🔹 Applied Global Services: $1.64B (Est. $1.61B) 🟢; UP +11% YoY

🔹 Display and Adjacent Markets: $211M (Est. $200.4M) 🟢; DOWN -29% YoY

Operating Metrics (Non-GAAP)

🔹 Gross Margin: 47.5% (Est. 47.4%) 🟢; UP +0.2 pp YoY

🔹 Operating Margin: 29.3% (Est. 29.1%) 🟢; DOWN -0.2 pp YoY

Cash Flow and Capital Allocation

🔹 Cash Flow from Operations: $2.58B (Est. $1.98B) 🟢; UP +30% YoY

🔹 Free Cash Flow: $2.17B (Est. $1.69B) 🟢; UP +74% YoY

🔹 Capital Expenditure: $280M (Est. $280.3M) 🟡

🔹 Shareholder Returns: $1.77B, including $1.44B in share repurchases and $329M in dividends

Full-Year 2024 Highlights

🔹 Annual Revenue: $27.18B; UP +2% YoY

🔹 GAAP EPS: $8.61; UP +6% YoY

🔹 Non-GAAP EPS: $8.65; UP +7% YoY

🔹 Cash Flow from Operations: $8.68B; UP slightly YoY

🔹 Shareholder Returns: $5.01B, including $3.82B in share repurchases and $1.19B in dividends

CEO Commentary

🔸 "Our technology leadership and strong execution led to record Q4 and fiscal 2024 performance. Applied Materials is uniquely positioned in the semiconductor market, driven by our focus on AI and energy-efficient computing solutions. Our continued investments in materials engineering will be key as we support our customers in advancing the semiconductor industry."