Applied Materials (AMAT) Revenue — Quarter Ended Jul 30, 2023
Revenue decreased in the quarter. The decline was evident both sequentially and compared to the same period last year.
Key takeaway
Quarter ended Jul 30, 2023 · FY2023 Q3
Revenue decreased in the quarter. The decline was evident both sequentially and compared to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.4B
Revenue reported for this quarter.
Quarter-over-quarter
-3.1%
Change from the immediately preceding quarter.
Year-over-year
-1.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$26.5B
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 |
|---|---|---|
| Oct 30, 2022 | $6.7B | +10.2% |
| Jan 29, 2023 | $6.7B | +7.5% |
| Apr 30, 2023 | $6.6B | +6.2% |
| Jul 30, 2023 | $6.4B | -1.5% |
Revenue performance
The reported revenue was lower than the prior quarter, continuing a downward trajectory from the preceding period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was down. Relative to the same quarter one year earlier, revenue also decreased.
What to watch
The sequential revenue decline, after a period of relatively stable levels, could be a key observation for the coming quarters.