Applied Materials Inc.

Strong Financial Performance: Applied Materials reported record revenue of $27.2 billion for fiscal 2024, a year-over-year growth of 2.5%. Fourth-quarter revenue was $7.05 billion, up nearly 5% YoY, with non-GAAP EPS of $2.32, a 9% YoY increase. This marks the fifth consecutive year of growth for the company.

Investment in Advanced Technologies: The company anticipates significant growth driven by emerging technologies in semiconductors, including AI and energy-efficient computing. They forecast revenues from advanced nodes (gate-all-around technology) to approximately double in fiscal 2025, projecting over $5 billion, compared to $2.5 billion in fiscal 2024.

China Revenue and Market Mix: China accounted for 30% of total revenue in Q4, consistent with past performance and expectations for future quarters. The outlook suggests stability at this level, with no immediate significant increases anticipated in the China revenue mix amid current geopolitical situations affecting sales.