Applied Materials (AMAT) Revenue — Quarter Ended Jan 28, 2024
Revenue for the quarter declined slightly compared with both the prior quarter and the same quarter a year earlier. The decrease was modest, reflecting a continuation of the recent trend of small sequential declines.
Key takeaway
Quarter ended Jan 28, 2024 · FY2024 Q1
Revenue for the quarter declined slightly compared with both the prior quarter and the same quarter a year earlier. The decrease was modest, reflecting a continuation of the recent trend of small sequential declines.
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
-0.2%
Change from the immediately preceding quarter.
Year-over-year
-0.5%
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 |
|---|---|---|
| Apr 30, 2023 | $6.6B | +6.2% |
| Jul 30, 2023 | $6.4B | -1.5% |
| Oct 29, 2023 | $6.7B | -0.4% |
| Jan 28, 2024 | $6.7B | -0.5% |
Revenue performance
The reported revenue was lower than the immediately preceding quarter and also lower than the same quarter one year ago. The direction was a modest decline.
Quarterly comparison
Compared with the prior quarter, revenue decreased slightly. Compared with the same quarter one year earlier, revenue also decreased slightly.
What to watch
Revenue has now declined sequentially for three consecutive quarters, warranting attention to the sustainability of demand.