Earnings · Fiscal year

Applied Materials FY2024 earnings: revenue, margins and segments

Fiscal year 2024 (Nov 2023–Oct 2024) · Reported

Applied Materials

FY2024 · Reported

Revenue: $27.2B; ▲ +2.5% y/y
Net income: $7.2B; ▲ +4.7% y/y
Gross margin: 47.5%; +0.8 pp y/y

Summary

Revenue rose 2.5% from a year earlier to $27.2B.

Net income rose 4.7% to $7.2B.

Gross margin was 47.5%, up 0.8 percentage points from a year earlier.

By reportable segments, Semiconductor Systems was the largest contributor at 73.3% of revenue.

Built from the stored figures above; Reported values are as filed, Calculated values are Silicon Analytica arithmetic from those filings. Percentages and margins are never converted to US$; ≈US$ amounts are approximate.

Revenue mix, FY2024

Total of categories: US$27.2B, reconciles to reported revenue. Different classifications are never added together.

View sources

Applied Materials Form 10-K · Notes, segment information (revenue by reportable segment) · FY2024 · published 12 Dec 2025

Applied Materials FY2024 earnings: revenue, margins and segments