When did Applied Materials report Q2 2024 earnings?

Applied Materials (AMAT) reported Q2 2024 earnings on May 16, 2024 after market close.

What were Applied Materials's Q2 2024 revenue and EPS?

Applied Materials reported revenue of $6.6B and diluted EPS of $2.09 for Q2 2024.

Did Applied Materials beat estimates in Q2 2024?

Revenue beat the consensus estimate of $6.5B by $109.5M. EPS beat the consensus estimate of $1.99 by $0.10.

Where can I find Applied Materials's Q2 2024 SEC filings?

You can read the 10-Q periodic report (0000006951-24-000022) directly on SEC EDGAR. The filing index links above go to sec.gov.

Applied Materials AMAT Q2 2024 earnings

Reported May 16, 2024 · After market close

Revenue$6.6BBeat by $109.5M Diluted EPS$2.09Beat by $0.10

Revenue estimate$6.5B

EPS estimate$1.99

Next report

Aug 13, 2026 (in a month)

Revenue estimate$9.0B

EPS estimate$3.35

Financials

Q2 2024

Income statement

See full

Revenue$6.6B+0.2%

Gross profit$3.2B+1.9%

Operating income$1.9B+0.1%

Net income$1.7B+9.3%

EPS (diluted)$2.06+10.8%

Balance sheet

See full

Cash & equivalents$1.4B-4.9%

Total debt$6.0B-2.0%

Total equity$18.2B+28.8%

Total assets$31.9B+9.8%

Cash flow

See full

Operating cash flow$1.4B-39.3%

CapEx$257.0M+0.8%

Free cash flow$1.1B-44.3%

Valuation & ratios

Valuation

as of 04/28/24

See full

Market cap$165.06B+72.8%

Enterprise value$169.7B+69.3%

P/E22.6×+7.9×

P/S6.2×+2.6×

Profitability

See full

Gross margin47.2%+0.8pp

Operating margin28.9%-0.4pp

Net margin27.6%+3.2pp

FCF margin25.7%+3.5pp

Returns & leverage

See full

Return on equity45.2%-5.3pp

Debt / equity0.3×-0.1×

Current ratio2.8×+0.5×

Versus estimates

Revenue

Q2 2026$7.9BBeat by $226.7M Q1 2026$7.0BBeat by $141.9M Q4 2025$6.8BBeat by $116.4M Q3 2025$7.3BBeat by $80.0M Q2 2025$7.1BMiss by $28.6M Q1 2025$7.2BBeat by $18.2M

Diluted EPS

Q2 2026$2.86Beat by $0.18 Q1 2026$2.38Beat by $0.17 Q4 2025$2.17Beat by $0.06 Q3 2025$2.48Beat by $0.12 Q2 2025$2.39Beat by $0.08 Q1 2025$2.38Beat by $0.10

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Questions, answered.

When did Applied Materials report Q2 2024 earnings?: Applied Materials (AMAT) reported Q2 2024 earnings on May 16, 2024 after market close.
What were Applied Materials's Q2 2024 revenue and EPS?: Applied Materials reported revenue of $6.6B and diluted EPS of $2.09 for Q2 2024.
Did Applied Materials beat estimates in Q2 2024?: Revenue beat the consensus estimate of $6.5B by $109.5M. EPS beat the consensus estimate of $1.99 by $0.10.
Where can I find Applied Materials's Q2 2024 SEC filings?: You can read the 10-Q periodic report (0000006951-24-000022) directly on SEC EDGAR. The filing index links above go to sec.gov.