Press release
Applied Materials Announces Second Quarter 2025 Results
Revenue $7.10 billion, up 7 percent year over yearGAAP gross margin 49.1 percent and non-GAAP gross margin 49.2 percentGAAP operating margin 30.5 percent and
About this update from Applied Materials, Inc.
[{"type":"text","content":"Revenue $7.10 billion, up 7 percent year over yearGAAP gross margin 49.1 percent and non-GAAP gross margin 49.2 percentGAAP operating margin 30.5 percent and non-GAAP operating margin 30.7 percentRecord GAAP EPS $2.63 and record non-GAAP EPS $2.39, up 28 percent and 14 percent year over year, respectivelyGenerated $1.57 billion in cash from operations and distributed $2.00 billion to shareholders including $1.67 billion in share repurchases and $325 million in dividends SANTA CLARA, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its second quarter ended Apr. 27, 2025. “Applied Materials’ broad capabilities and connected product portfolio are driving strong results in 2025 amidst a highly dynamic macro environment,” said Gary Dickerson, President and CEO. “High-performance, energy-efficient AI computing remains the dominant driver of semiconductor innovation, and Applied is working closely with our customers and partners to accelerate the industry’s roadmap. We are very well positioned at major technology inflections in fast-growing areas of the market, which supports our multi-year growth trajectory.” “We delivered strong performance in our second fiscal quarter with seven percent year-over-year revenue growth, record earnings per share and shareholder distributions of nearly $2 billion,” said Brice Hill, Senior Vice President and CFO. “Despite the dynamic economic and trade environment, we have not seen significant changes to customer demand and are well-equipped to navigate evolving conditions with our robust global supply chain and diversified manufacturing footprint.” Results Summary Q2 FY2025 Q2 FY2024 Change (In millions, except per share amounts and percentages)Net revenue$7,100 $6,646 7%Gross margin 49.1% 47.4% 1.7 pointsOperating margin 30.5% 28.8% 1.7 pointsNet income$2,137 $1,722 24%Diluted earnings per share$2.63 $2.06 28%Non-GAAP Results Non-GAAP gross margin 49.2% 47.5% 1.7 pointsNon-GAAP operating margin 30.7% 29.0% 1.7 pointsNon-GAAP net income$1,940 $1,744 11%Non-GAAP diluted EPS$2.39 $2.09 14%Non-GAAP free cash flow$1,061 $1,135 (7)% A reconciliation of the GAAP and non-GAAP results is provided in the financial tables included in this release. See also “Use of Non-GAAP Financial Measures” section. Business Outlook Applied’s total net revenue, non-GAAP ...