Applied Materials

Total Revenue: $6.78 billion, up 5.5% year-over-year, exceeding expectations.

GAAP: $2.05, an 11% increase year-over-year.

Non-GAAP: $2.12, a 12% increase year-over-year.

GAAP: 28.7%, Non-GAAP: 28.8%. Improvement driven by effective cost management and increased sales of high-value products.

The demand for semiconductor equipment remains strong, fueled by advancements in AI and high-performance computing technologies, contributing to revenue growth.

The company expects solid revenue to continue in Q4 2024, with ongoing growth in the semiconductor industry positively impacting its long-term prospects. CEO Gary Dickerson highlighted the company’s bright long-term growth outlook, driven by technological innovation and customer support in the semiconductor sector. He emphasized that the demand for AI and data centers will continue to propel the company’s growth, and reiterated the commitment to investing in innovation for sustainable growth.