Filing Flows › Applied Materials (AMAT) › Q4 FY24
Applied Materials (AMAT) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 13, 2024
Applied Materials (AMAT) reported revenue of $7.0B for the fourth quarter fiscal 2024 (Q4 FY24), +5% from a year earlier and +4% from the quarter before. Operating margin was 29.0%, net earnings $1.7B (24.6% of revenue).
Applied Materials, Q4 FY24: revenue $7.0B (+5% year over year), operating margin 29.0%, net earnings $1.7B, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.0B | +4% | +5% |
| Gross profit | $3.3B | +4% | +5% |
| Operating profit | $2.0B | +5% | +4% |
| Net earnings | $1.7B | +2% | -14% |
| Operating cash flow | $2.6B | +8% | +66% |
| Free cash flow | $2.2B | — | +74% |
What changed
Revenue was $7.0B in Q4 FY24, up 5% year over year and up 4% from the previous quarter.
Gross margin was 47.3%, up 0.2 points from a year earlier. Operating profit was $2.0B, a 29.0% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, below the 29% margin then. Operating expenses grew 8% against revenue growth of 5%. The fastest-growing cost line was Sales & marketing (+12%). Net earnings were $1.7B, down 14% year over year. The effective tax rate was 8.7%.
Operating cash flow was $2.6B (up 66% year over year), 149% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.14B of share-based compensation. Working capital and other items added $0.59B. After capital expenditures ($0.41B), free cash flow as the company reports it was $2.2B.
Questions
What was Applied Materials' revenue in the fourth quarter fiscal 2024?
Applied Materials (AMAT) reported revenue of $7.0B for the fourth quarter fiscal 2024 (Q4 FY24), +5% from a year earlier and +4% from the quarter before.
Was Applied Materials profitable in the fourth quarter fiscal 2024?
Operating profit was $2.0B (29.0% of revenue) and net earnings $1.7B.
Source: Applied Materials 10-K on SEC EDGAR.