Applied Materials (NASDAQ:AMAT) has announced its financial results for the second quarter, which ended on April 28, 2024.

The company reported stable revenue of $6.65 billion, consistent with the previous year's figures.

Additionally, Applied Materials highlighted its earnings per share (EPS) growth, with GAAP EPS rising by 11% to $2.06 and non-GAAP EPS increasing by 5% to $2.09.

These figures represent a positive shift in profitability compared to the same period last year.

Meanwhile, operating margins remained robust yet steady, with a GAAP operating margin of 28.8% and a non-GAAP operating margin of 29%. 

The company also demonstrated robust financial health through its operational activities, generating $1.39 billion in cash from operations.