Applied Materials Announces Third Quarter 2024 Results

APPLIED MATERIALS, INC.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS
 
 Three Months Ended Nine Months Ended
(In millions, except percentages)July 28,
2024
 July 30,
2023
 July 28,
2024
 July 30,
2023
Semiconductor Systems Non-GAAP Operating Income       
GAAP reported operating income$1,712  $1,568  $5,157  $5,138 
Certain items associated with acquisitions1 10   10   30   29 
Non-GAAP operating income$1,722  $1,578  $5,187  $5,167 
Non-GAAP operating margin 35.0%  33.7%  35.2%  34.9 %
Applied Global Services Non-GAAP Operating Income              
GAAP reported operating income $ 467     $ 399     $ 1,320     $ 1,128  
Non-GAAP operating income $ 467     $ 399     $ 1,320     $ 1,128  
Non-GAAP operating margin   29.6 %     27.3 %     28.8 %     26.5 %
Display and Adjacent Markets Non-GAAP Operating Income              
GAAP reported operating income $ 16     $ 32     $ 46     $ 51  
Non-GAAP operating income $ 16     $ 32     $ 46     $ 51  
Non-GAAP operating margin   6.4 %     13.6 %     6.8 %     8.9 %

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