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OverviewAPI
Applied Materials (AMAT) reported better-than-expected Q1 2024 earnings, leading to a significant stock surge of 7%. The company's revenue exceeded analysts' expectations, with a non-GAAP EPS of $2.13 and a gross profit margin increase of 110 basis points. Applied Materials also provided optimistic guidance for the second quarter, expecting revenues to surge to approximately $6.50 billion in the second quarter of fiscal 2024.

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