Applied Materials Q2 CY2024 Earnings Report

Key Metrics

• Revenue: $6.02 billion, a 10.3% increase YoY
• Diluted EPS: $1.68, a 12.6% increase YoY
• Net income: $973 million, a 5.9% increase YoY

Segment Performance

The Semiconductor Systems segment, accounting for 81% of total revenue, grew by 11.2% YoY to $4.86 billion.

The Display and Adjacent Markets segment, contributing 18% of total revenue, increased by 6.6% YoY to $1.08 billion.

Outlook

Applied Materials expects continued growth in the coming quarters, driven by strong demand for its semiconductor manufacturing equipment.