Press release
Applied Materials Announces Fourth Quarter and Fiscal Year 2025 Results
Record annual revenue $28.37 billion, up 4 percent year over yearRecord annual GAAP EPS $8.66 and record non-GAAP EPS $9.42, up 1 percent and 9 percent year
About this update from Applied Materials, Inc.
[{"type":"text","content":"Record annual revenue $28.37 billion, up 4 percent year over yearRecord annual GAAP EPS $8.66 and record non-GAAP EPS $9.42, up 1 percent and 9 percent year over year, respectivelyQuarterly revenue $6.80 billion, down 3 percent year over yearQuarterly GAAP EPS $2.38 and non-GAAP EPS $2.17, up 14 percent and down 6 percent year over year, respectively SANTA CLARA, Calif., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its fourth quarter and fiscal year ended Oct. 26, 2025. “As AI adoption drives substantial investment in advanced semiconductors and wafer fab equipment, Applied Materials delivered its sixth consecutive year of growth in fiscal 2025,” said Gary Dickerson, President and CEO. “We are well positioned at the highest value technology inflections in the fastest growing areas of the market, enabling us to extend our leadership in leading-edge logic, DRAM and advanced packaging as next-generation technologies ramp in volume production over the coming years.” “Based on our conversations with our customers and partners, we are preparing Applied’s operations and service organizations to be ready to support higher demand beginning in the second half of calendar 2026,” said Brice Hill, Senior Vice President and CFO. “We have targeted our R&D investments to create new products and technologies that will enable even faster and more energy-efficient transistors, chips and systems and drive our growth in the years ahead.” Results Summary Change Q4 FY2025 Q4 FY2024 FY2025 FY2024 Q4 FY2025vs.Q4 FY2024 FY2025vs.FY2024 (In millions, except per share amounts and percentages)Net revenue$6,800 $7,045 $28,368 $27,176 (3)% 4%Gross margin 48.0% 47.3% 48.7% 47.5% 0.7 points 1.2 pointsOperating margin 25.2% 29.0% 29.2% 28.9% (3.8) points 0.3 pointsNet income$1,897 $1,731 $6,998 $7,177 10% (2)%Diluted earnings per share$2.38 $2.09 $8.66 $8.61 14% 1%Non-GAAP Results Non-GAAP gross margin 48.1% 47.5% 48.8% 47.6% 0.6 points 1.2 pointsNon-GAAP operating margin 28.6% 29.3% 30.2% 29.2% (0.7) points 1.0 pointNon-GAAP net income$1,732 $1,917 $7,607 $7,210 (10)% 6%Non-GAAP diluted EPS$2.17 $2.32 $9.42 $8.65 (6)% 9%Non-GAAP free cash flow$2,043 $2,168 $5,698 $7,487 (6)% (24)% A reconciliation of the GAAP and non-GAAP results is provided in the financial tables included in this release. See also “Use of...