$AMAT (-0.37%) | Applied Materials Q3'24 Earnings Highlights:

🔹 Adj EPS: $2.12 (Est. $2.03) 🟢

🔹 Revenue: $6.78B (Est. $6.68B) 🟢; UP +5% YoY

Q4'24 Guidance:

🔹 Adj EPS: $2.00-$2.36 (Est. $2.14) 🟡

🔹 Revenue: $6.93B (Est. $6.91B) 🟡

Key Metrics (Non-GAAP):

🔹 Operating Margin: 28.8%; UP 0.5 points YoY

🔹 Gross Margin: 47.4%; UP 1.0 point YoY

🔹 Cash from Operations: $2.39B

🔹 Shareholder Returns: $1.19B returned, including $861M in share repurchases and $331M in dividends

Semiconductor Systems:

🔹 Net Revenue: $4.92B; UP +5.3% YoY

🔹 Operating Income: $1.71B; UP +9.2% YoY

🔹 Operating Margin: 34.8% (GAAP) / 35.0% (Non-GAAP)

Applied Global Services:

🔹 Net Revenue: $1.58B; UP +7.9% YoY

🔹 Operating Income: $467M; UP +17% YoY

🔹 Operating Margin: 29.6% (GAAP & Non-GAAP)

Display and Adjacent Markets:

🔹 Net Revenue: $251M; UP +6.8% YoY

🔹 Operating Income: $16M; DOWN -50% YoY

🔹 Operating Margin: 6.4% (GAAP & Non-GAAP)

CEO Gary Dickerson's Commentary:

🔸 "Applied Materials is delivering strong results in 2024 with record revenues in our fiscal third quarter and earnings towards the high end of our guided range. The race for AI leadership is fueling demand for our unique and connected portfolio of products and services, positioning Applied to outperform our markets over the longer term."