Applied Materials (AMAT) Revenue — Quarter Ended Oct 29, 2023
Revenue for the quarter ended October 29, 2023 increased compared to the immediately preceding quarter. However, revenue was slightly lower than the same quarter one year earlier.
Key takeaway
Quarter ended Oct 29, 2023 · FY2023 Q4
Revenue for the quarter ended October 29, 2023 increased compared to the immediately preceding quarter. However, revenue was slightly lower than the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.7B
Revenue reported for this quarter.
Quarter-over-quarter
+4.6%
Change from the immediately preceding quarter.
Year-over-year
-0.4%
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 |
|---|---|---|
| Jan 29, 2023 | $6.7B | +7.5% |
| Apr 30, 2023 | $6.6B | +6.2% |
| Jul 30, 2023 | $6.4B | -1.5% |
| Oct 29, 2023 | $6.7B | -0.4% |
Revenue performance
The reported revenue direction was upward from the prior quarter, reversing the decline seen in the preceding period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew. Versus the same quarter one year ago, revenue was marginally lower.
What to watch
The filing context does not provide specific commentary on revenue drivers for this quarter.