Applied Materials, Inc., Q4 2024 Earnings Call, Nov 14, 2024 - SEHK:4336

SEHK:4336

Liz Morali welcomed participants to the Applied Materials Fourth Quarter Fiscal 2024 Earnings Conference Call. She introduced Gary Dickerson, President and CEO, and Brice Hill, CFO. Liz reminded attendees that the discussion contains forward-looking statements and referenced non-GAAP financial measures, directing them to the company’s Investor Relations website for reconciliations. She then handed the call over to Gary.

**- Applied Materials delivered a strong finish to fiscal 2024, marking the fifth consecutive year of growth

• Key priorities for 2024 included driving R&D programs, making operational and supply chain improvements, and scaling sustainably and responsibly

• Significant progress was made in strengthening positions at major inflections in logic, DRAM, and advanced packaging

• Energy-efficient computing is emerging as a unifying force for the industry, with a focus on achieving a 10,000x improvement in computing performance per watt over 15 years

• Applied Materials is capitalizing on major device architecture inflections through a broad and connected portfolio, early and broader collaborations, and advanced service products

• The transition from FinFET to gate-all-around transistors and backside power distribution is expanding Applied's available market

• DRAM revenues grew significantly, with high-bandwidth memory (HBM) contributing substantially

• Advanced packaging is another major inflection, with revenues tripling in the last 4 years

• Materials engineering is becoming a larger percentage of overall equipment spending at advanced nodes

• Applied Materials is well-positioned to capitalize on the secular megatrends shaping the technology landscape, including data centers, AI, edge computing, IoT, and display**