Applied Materials said it reported net revenue of $6,707 million, net income of $2,019 million and diluted earnings per share of $2.41 for the fiscal 2024 first quarter ended January 28, 2024. Net revenue was $6,739 million and net income was $1,717 million in the year-earlier period.

1. 01

   Applied Materials said it reported net revenue of $6,707 million, net income of $2,019 million and diluted earnings per share of $2.41 for the fiscal 2024 first quarter ended January 28, 2024. Net revenue was $6,739 million and net income was $1,717 million in the year-earlier period.

2. 02

   The company said interest and other income (expense), net rose to $395 million in Q1 from $50 million a year earlier. In its non-GAAP adjustments, it excluded an unrealized gain on strategic investments, net of $280 million and presented non-GAAP diluted EPS of $2.13.

3. 03

   Applied Materials said it generated $2.33 billion in cash from operations in Q1 and returned $966 million to shareholders, including $700 million in share repurchases and $266 million in dividends. Non-GAAP free cash flow was $2,096 million.

4. 04

   The company said it expects net revenue for the second quarter of fiscal 2024 of about $6.50 billion, plus or minus $400 million, and non-GAAP diluted EPS in the range of $1.79 to $2.15.

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Original filing

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