Applied Materials, Inc. (NASDAQ:AMAT) Q4 2024 Earnings Conference Call November 14, 2024 4:30 PM ET

Company Participants

Liz Morali - Vice President, Investor Relations
Gary Dickerson - President & Chief Executive Officer
Brice Hill - Chief Financial Officer

Conference Call Participants

Stacy Rasgon - Bernstein Research
CJ Muse - Cantor
Vivek Arya - Bank of America
Atif Malik - Citigroup
Toshiya Hari - Goldman Sachs
Timothy Arcuri - UBS
Krish Sankar - TD Cowen
Harlan Sur - JPMorgan
Joe Quatrochi - Wells Fargo
Srini Pajjuri - Raymond James
Brian Chin - Stifel
Joseph Moore - Morgan Stanley
Vijay Rakesh - Mizuho

Operator

Welcome to the Applied Materials Fourth Quarter Fiscal 2024 Earnings Conference Call. During the prepared remarks, all participants will be in a listen-only mode. Afterwards, there will be a question-and-answer session.

I would now like to turn the call over to Liz Morali, Vice President of Investor Relations. Liz, you may begin.

Liz Morali

Thank you. Good afternoon, and thank you for joining us for today's call.

With me today are Gary Dickerson, President and CEO; and Brice Hill, CFO.

Before we continue, let me remind you that today's discussion contains forward-looking statements within the meaning of the federal securities laws, including predictions, estimates, projections, or other statements about future events. Actual results may differ materially from those mentioned in these forward-looking statements, as a result of risks and uncertainties. Information concerning these risks and uncertainties is discussed in our most recent Form 10-Q and 8-K filings with the SEC. We do not intend to update any forward-looking statements.

During today's call, we will also reference non-GAAP financial measures. Reconciliations of GAAP to non-GAAP results can be found in today's earnings press release and in our quarterly earnings materials, which are available on our Investor Relations website at ir.appliedmaterials.com.

I will now turn the call over to Gary.

Gary Dickerson

Thanks, Liz.

With record revenue and earnings in our fourth quarter, Applied Materials delivered a strong finish to fiscal 2024 and our fifth consecutive year of growth. I would like to recognize the hard work and commitment of our global team for delivering these outstanding results. As this is our year-end call, I'll begin by highlighting our key accomplishments over the past 12 months.

A year ago, in our November 2023 call, I said the company's priorities for 2024 were driving R&D programs to further differentiate our unique and connected portfolio to extend our leadership at key inflections that enable future industry growth, making operational and supply chain improvements to better serve customers, and drive productivity across the enterprise, and, ensuring that we scale the company in ways that are sustainable and environmentally responsible.