Applied Materials
Financial Performance
Applied Materials Revenue & Financials
Revenue
$27.2B (FY2024)
Market Cap
$158.5B
Employees
34,000
What is Applied Materials's revenue?
Applied Materials had $27.2B in revenue for fiscal year 2024, up 2.5% from 2023.
- Latest revenue
- $27.2B (FY2024)
- Year-over-year
- +2.5%
- Growth rate (CAGR)
- 5.6% over 3 years
- Peak revenue
- $27.2B (FY2024)
- Years of data
- 4
- Employees
- 34,000
- How many employees does Applied Materials have?
- Applied Materials has about 34,000 employees.
Financial Analysis
Applied Materials delivers phenomenal financial results marked by consistent top-line growth, industry-leading operating profit margins, and elite free cash flow generation. In fiscal 2024, Applied Materials generated record revenue of $27.18 billion, up 2.5% despite macroeconomic headwinds and export controls. Gross margin stood at an exceptional 47.5%, while operating margin reached 29.1%. Operating cash flow totaled $8.68 billion, and the company generated $7.45 billion in free cash flow, converting over 100% of net income into cash. Applied Materials maintains a fortress balance sheet with $9.1 billion in total liquid cash reserves, allowing it to return $5.1 billion to shareholders via growing dividends and share repurchases in 2024 alone.
Revenue Trend Analysis
YoY Change
+2.5%
3-Year CAGR
+5.6%
Peak Year
2024
Trend
Consistent Growth
Applied Materials has 4 full fiscal year figures on this page, compounding at +5.6% annually over 3 years. The most recent year saw a 2.5% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $27.2B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $27.2B | +2.5% |
| FY2023 | $26.5B | +2.8% |
| FY2022 | $25.8B | +11.8% |
| FY2021 | $23.1B | — |
Click any row to see year details.
Keep researching Applied Materials
Applied Materials Revenue and Financial FAQ
What was Applied Materials's revenue in 2024?
Applied Materials achieved $27.18 billion in revenue for fiscal year 2024.
Is Applied Materials profitable?
Applied Materials's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Applied Materials growing?
Applied Materials has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Applied Materials fund its capital expenditures?
Applied Materials funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Applied Materials's debt profile?
Applied Materials maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Applied Materials reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Applied Materials Revenue & Financials." CorpDigest, https://corpdigest.com/company/applied-materials/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Applied Materials reported $27.2B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/applied-materials/financials" target="_blank" rel="noopener">CorpDigest — Applied Materials financials</a></div>Explore Applied Materials
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