Applied Materials reported strong Q2 earnings, with an EPS of $2.09, surpassing expectations of $1.99, and revenue of $6.7 billion, exceeding the forecast of $6.5 billion. The company also provided guidance for Q3, expecting an adjusted EPS between $1.83 and $2.19 and revenue around $6.65 billion, plus or minus $400 million. Despite these positive results, the stock fell 1.4% in after-hours trading. Notably, China sales were up 102% while US sales decreased by 23%. In other news, Palo Alto Networks reported Q3 earnings with an EPS of $1.32, beating the estimate of $1.25, and revenue of $1.985 billion, above the expected $1.97 billion. However, the company's shares dropped nearly 9% in after-hours trading due to a disappointing sales forecast for Q4, projecting revenue between $2.15 billion and $2.17 billion, slightly below the estimate of $2.17 billion. The FY24 outlook includes billings growth of 10% to 11% and non-GAAP EPS of $5.57. Additional metrics include billings up 3% year-over-year and RPO up 23% year-over-year.