Applied Materials, Inc. (AMAT), a leading semiconductor equipment provider, reported solid fiscal 2024 second-quarter results. The company posted net revenue of $6.65 billion, exceeding analysts’ estimate of $6.53 billion. Its EPS came in at $2.09 for the quarter, higher than the consensus estimate of $1.99.
During the second quarter, the company introduced a portfolio of new products and solutions designed to cater to the patterning requirements of chips in the “angstrom era.” With the transition to process nodes at 2nm and below, chipmakers increasingly benefit from new materials engineering and metrology techniques.
