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Applied Materials: Q4 EPS up 9%

(CercleFinance.com) - Applied Materials reported a 9% rise in non-GAAP EPS to $2.
32 for Q4 2023-24 on Thursday evening, with non-GAAP operating margin down 0.2 point to 29.3%, but revenues up 5% to $7.04bn.

The California-based group thus achieved a non-GAAP EPS at the top end of its target range, which ranged from $2 to $2.36, as did its revenues, which it had forecast at around $6.93bn, give or take $400m.

Our portfolio of products and services uniquely positions us to help our customers in their pursuit of AI and energy-efficient computing, it says, hailing a fifth consecutive year of growth.

For Q1 2024-25, the semiconductor industry equipment supplier anticipates non-GAAP EPS of $2.29, give or take 18 cents, and revenues of around $7.15bn, give or take $400m.


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