Applied Materials, Inc. Announces Second Quarter 2024 Financial Results

Applied Materials, Inc. (NASDAQ: AMAT) has reported its financial results for the second quarter of 2024, with a revenue of $6.65 billion. The company’s President and CEO, Gary Dickerson, expressed satisfaction with the performance, highlighting the role of their materials engineering technologies in supporting technological advancements. The financial results show a flat year-over-year revenue, a gross margin of 47.4%, operating income of $1.91 billion, and earnings per share of $2.06 on a GAAP basis.