Applied Materials Inc delivered robust financial performance for the second quarter of fiscal 2024, reporting revenues of $6.65 billion, which reflects a 3.44% increase year-over-year (YoY). Growth was mainly driven by significant demand in semiconductor manufacturing equipment and services, as ongoing technological transitions emphasize the critical role of the company's offerings in the evolving technological landscape. Furthermore, the continued momentum in advanced packaging, high-bandwidth memory, and logic nodes positions Applied Materials favorably for future revenue expansion. Completion of ongoing collaboration with leading-edge customers has also bolstered confidence in sustaining double-digit growth for the services segment, which generated $1.53 billion in revenue this quarter. Management attributes these achievements to strategic investments in R&D and a focus on enhancing their service business, expecting further double-digit increase in 2025 as adoption of gate-all-around technologies accelerates.