Applied Materials (AMAT) Revenue — Quarter Ended Jul 28, 2024
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential and year-over-year growth reflect higher net revenue reported in the period.
Key takeaway
Quarter ended Jul 28, 2024 · FY2024 Q3
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential and year-over-year growth reflect higher net revenue reported in the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.8B
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
+5.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$26.9B
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 29, 2023 | $6.7B | -0.4% |
| Jan 28, 2024 | $6.7B | -0.5% |
| Apr 28, 2024 | $6.6B | +0.2% |
| Jul 28, 2024 | $6.8B | +5.5% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trajectory. Compared with the same quarter one year earlier, revenue also showed an increase.
Quarterly comparison
Sequentially, revenue improved from the prior quarter. On a year-over-year basis, revenue was higher than the comparable quarter in the prior fiscal year.
What to watch
The filing context does not provide specific commentary on revenue drivers for this quarter.