The company said net revenue for Q2 (the quarter ended April 28, 2024) was $6,646 million, roughly flat from $6,630 million a year earlier, and net income was $1,722 million, up 9% from $1,575 million a year earlier.

1. 01

   The company said net revenue for Q2 (the quarter ended April 28, 2024) was $6,646 million, roughly flat from $6,630 million a year earlier, and net income was $1,722 million, up 9% from $1,575 million a year earlier.

2. 02

   Applied Materials said Semiconductor Systems net revenue for Q2 was $4,901 million (operating margin of 34.7%), and Applied Global Services net revenue was $1,530 million (operating margin of 28.5%).

3. 03

   The company said cash provided by operating activities for Q2 was $1,392 million and capital expenditures were $257 million, while non-GAAP free cash flow was $1,135 million, down 44% from $2,037 million a year earlier.

4. 04

   Applied Materials said it repurchased shares for $820 million and paid dividends of $266 million in Q2. It also expects net revenue for Q3 of approximately $6.65 billion (plus or minus $400 million) and non-GAAP diluted EPS of $1.83 to $2.19.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.