Applied Materials Inc - AMAT STOCK NEWS

Applied Materials (NASDAQ: AMAT) reported strong Q3 2024 results with record revenue of $6.78 billion, up 5% year-over-year. GAAP EPS increased 11% to $2.05, while non-GAAP EPS rose 12% to $2.12. The company's GAAP operating margin improved to 28.7%, and non-GAAP operating margin reached 28.8%. Applied Materials generated $2.39 billion in cash from operations and returned $1.19 billion to shareholders through share repurchases and dividends. The company's CEO, Gary Dickerson, attributed the strong performance to increased demand for AI-related products and services. For Q4 2024, Applied Materials expects revenue of approximately $6.93 billion and non-GAAP EPS between $2.00 and $2.36.

Applied Materials (AMAT) has announced a webcast to discuss its third quarter fiscal 2024 financial results. The event is scheduled for Thursday, August 15, 2024, at 4:30 p.m. ET / 1:30 p.m. PT. Investors and interested parties can access the live webcast through the company's investor relations website. For those unable to attend the live event, a replay will be available on the same day starting at 8:00 p.m. ET / 5:00 p.m. PT. This announcement indicates that Applied Materials is preparing to share its latest financial performance with stakeholders, which could potentially impact the stock's performance depending on the results presented.

TXOne Networks, a leader in Cyber-Physical Systems (CPS) security, has formed a strategic partnership with Applied Materials (AMAT), a renowned materials engineering solution provider in the semiconductor industry. This collaboration aims to enhance operational technology (OT) cybersecurity within the semiconductor supply chain. TXOne Networks' partnership with AMAT, which includes an investment from AMAT, is set to strengthen industry standards and innovation. Notable achievements include securing operations for over 3,600 organizations globally and contributing to key industry standards such as SEMI E187. Both companies see significant growth potential from this collaboration.

TXOne Networks is emerging as a leader in OT cybersecurity for the semiconductor manufacturing industry. The company focuses on providing advanced security solutions tailored to the unique demands of operational technology environments in semiconductor manufacturing. TXOne Networks emphasizes the need for robust cybersecurity measures to protect critical manufacturing processes and intellectual property against increasing cyber threats. The company collaborates with industry leaders to deliver innovative security products that ensure the safety and integrity of semiconductor production lines.

Applied Materials has unveiled significant advancements in chip wiring, introducing the industry’s first use of ruthenium in high-volume production to scale copper chip wiring to the 2nm node and beyond.

These innovations include a new enhanced low-k dielectric material, reducing chip capacitance and strengthening chips for 3D stacking.

The new binary metal liner of ruthenium and cobalt reduces the liner thickness by 33% and electrical line resistance by 25%, enhancing chip performance and power consumption.

These technologies are being adopted by major chipmakers like Samsung and TSMC and are expected to expand Applied's market opportunity in wiring, potentially increasing it to $7 billion per 100K wafer starts per month.

Applied Materials has released its latest Sustainability Report, highlighting its efforts to reduce carbon emissions in the semiconductor industry. The company announced its Net Zero 2040 Playbook aimed at achieving net zero emissions by 2040.

In 2023, Applied sourced 100% of its U.S. electricity from renewables and increased its global renewable energy sourcing to 70%. The company also installed a large rooftop solar array in Texas, expected to generate over 8.2 million kilowatt hours annually.

Applied's emission reduction targets for 2030 have been validated by the Science Based Targets initiative. The company is partnering with Schneider Electric's Catalyze program and is a founder of the Semiconductor Climate Consortium, advancing efforts to decarbonize the industry.

The full report is available on Applied Materials' website.

Applied Materials announced on June 13, 2024, that it will pay a quarterly cash dividend of $0.40 per share on September 12, 2024, to shareholders of record as of August 22, 2024. This marks a notable increase from the previous year, continuing a seven-year trend of annual dividend hikes. In Q2 2024, the company returned $1.09 billion to shareholders via dividends and share repurchases. Applied Materials has $11.2 billion remaining in its share buyback authorization.

Applied Materials announced that its President and CEO, Gary Dickerson, along with Senior Vice President and CFO, Brice Hill, will participate in upcoming investor conferences. Dickerson will attend the Bernstein Strategic Decisions Conference in New York on May 30, at 2:30 p.m. ET, while Hill will join the BofA Securities Global Technology Conference in San Francisco on June 6, at 11:40 a.m. ET. Live audio webcasts for both events will be available on the company's website, with replays accessible the same day.

Applied Materials (NASDAQ: AMAT) announced its second-quarter 2024 results, with stable revenue of $6.65 billion compared to the same period last year. On a GAAP basis, the operating margin stood at 28.8%, while non-GAAP operating margin was 29.0%, reflecting a slight decline of 0.1 percentage points year over year. GAAP EPS increased by 11% to $2.06, and non-GAAP EPS rose by 5% to $2.09. The company generated $1.39 billion in cash from operations and returned $1.09 billion to shareholders through share repurchases and dividends. Looking ahead to Q3, Applied Materials expects revenue around $6.65 billion and non-GAAP EPS between $1.83 and $2.19.