Applied Materials (AMAT) Revenue — Quarter Ended Apr 30, 2023
Revenue for the quarter was lower than the immediately preceding quarter but higher than the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth.
Key takeaway
Quarter ended Apr 30, 2023 · FY2023 Q2
Revenue for the quarter was lower than the immediately preceding quarter but higher than the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.6B
Revenue reported for this quarter.
Quarter-over-quarter
-1.6%
Change from the immediately preceding quarter.
Year-over-year
+6.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$26.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 31, 2022 | $6.5B | +5.2% |
| Oct 30, 2022 | $6.7B | +10.2% |
| Jan 29, 2023 | $6.7B | +7.5% |
| Apr 30, 2023 | $6.6B | +6.2% |
Revenue performance
Reported revenue decreased compared to the prior quarter, reflecting a reversal from the growth trend seen in recent periods.
Quarterly comparison
Revenue was down from the prior quarter but up from the same quarter a year ago, indicating a mixed performance relative to different comparison periods.
What to watch
The sequential revenue decline may warrant monitoring for any sustained shift in demand or market conditions.