AMAT Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-07-28), AMAT reported revenue of $6.8B, gross profit of $3.2B (47.3% gross margin), operating income of $1.9B, and net income of $1.7B (25.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AMAT was profitable; revenue grew 5.5% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +5.5% | +9.3% | +0.9 pp |
| Quarter over quarter | +0.8% | −14.9% | −4.7 pp |
Consensus estimate data is not available for this report.
AMAT Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $6.8B | 100% |
| Cost of Revenue | −$3.6B | 52.7% |
| Gross Profit | $3.2B | 47.3% |
| Research & Development | −$836M | 12.3% |
| Selling, General & Administrative | −$427M | 6.3% |
| Operating Income | $1.9B | 28.7% |
| Interest Expense | −$63M | 0.9% |
| Other Income, net | $81M | 1.2% |
| Income Tax Expense | −$255M | 3.8% |
| Net Income | $1.7B | 25.2% |
Source: original SEC filing (filed 2024-08-15). Accession 0000006951-24-000026. Data normalized by EarningsFyi.