Applied Materials delivered record performance in their third quarter, capitalizing on strong, broad-based demand for their semiconductor products and services while navigating a challenging supply environment. The biggest highlight of its performance is the fact that the company is generating 60% of its recurring revenue from subscriptions, and its goal is to reach nearly 70% by 2024. Moreover, they also have a subscription renewal rate of around 90% and a very low churn. Applied Materials deli ....
