Applied Materials (AMAT) Revenue — Quarter Ended Apr 28, 2024
Revenue for the quarter was essentially flat compared to the same quarter last year, while it declined slightly from the immediately preceding quarter. The sequential decrease reflects a modest pullback from the prior period's level.
Key takeaway
Quarter ended Apr 28, 2024 · FY2024 Q2
Revenue for the quarter was essentially flat compared to the same quarter last year, while it declined slightly from the immediately preceding quarter. The sequential decrease reflects a modest pullback from the prior period's level.
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
-0.9%
Change from the immediately preceding quarter.
Year-over-year
+0.2%
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 |
|---|---|---|
| Jul 30, 2023 | $6.4B | -1.5% |
| Oct 29, 2023 | $6.7B | -0.4% |
| Jan 28, 2024 | $6.7B | -0.5% |
| Apr 28, 2024 | $6.6B | +0.2% |
Revenue performance
Reported revenue moved lower on a sequential basis, reversing the small gain seen in the prior quarter. On a year-over-year basis, revenue was nearly unchanged.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased slightly. Versus the same quarter one year earlier, revenue was marginally higher.
What to watch
The sequential revenue decline warrants monitoring for any emerging demand trends in the semiconductor equipment market.