Applied Materials, Inc. announced its financial results for the third quarter of 2025, reporting record revenue of $7.30 billion, an increase of 8% year-over-year. The company achieved a GAAP gross margin of 48.8% and a non-GAAP gross margin of 48.9%. Earnings per share (EPS) were recorded at $2.22 on a GAAP basis and $2.48 on a non-GAAP basis, reflecting an 8% and 17% increase year-over-year, respectively.
Despite the strong quarterly performance, the company anticipates a decline in revenue for the fourth quarter due to factors such as capacity digestion in China and variable demand from customers. Management highlighted ongoing uncertainties in the macroeconomic environment but expressed confidence in the long-term growth opportunities within the semiconductor industry. The company plans to adapt to these challenges by leveraging its supply chain and customer relationships.
linkAug 14, 2025 16:05:06
On July 18, 2025, Applied Materials, Inc. appointed James R. Anderson to its Board of Directors and the Strategy and Investment Committee. Anderson will receive standard compensation for non-employee directors, including a $100,000 annual retainer, an additional $10,000 for his committee role, and restricted stock units valued at $240,000, which will vest on March 1, 2026, pending his continued service. He will also enter into a standard indemnification agreement with the company.
Mr. Anderson brings over 25 years of experience in the technology and semiconductor industries, having served as CEO of Coherent Corp. and held leadership roles at Lattice Semiconductor and Advanced Micro Devices, among others. His educational background includes degrees from the Massachusetts Institute of Technology, Purdue University, and the University of Minnesota. The company announced his appointment in a press release dated July 22, 2025.
linkJul 22, 2025 07:46:48
Applied Materials, Inc. announced its financial results for the second quarter of fiscal 2025, reporting revenue of $7.10 billion, which represents a 7 percent increase year over year. The company achieved a record GAAP earnings per share (EPS) of $2.63, a 28 percent rise compared to the previous year, while non-GAAP EPS was $2.39, reflecting a 14 percent increase. The gross margin was reported at 49.1 percent, and the operating margin was 30.5 percent, both showing improvements from the prior year. The company generated $1.57 billion in cash from operations and returned $2.00 billion to shareholders through share repurchases and dividends during the quarter.
Despite a dynamic economic environment, Applied Materials indicated stable customer demand and highlighted its robust supply chain and diversified manufacturing capabilities. For the upcoming third quarter, the company anticipates total net revenue of approximately $7.20 billion, with a non-GAAP gross margin of 48.3 percent and non-GAAP diluted EPS expected to be around $2.35. The semiconductor systems segment remains a significant contributor, with continued investment and focus on high-performance AI computing driving growth in the industry.
linkMay 15, 2025 16:03:34
Applied Materials, Inc. has announced the purchase of 9 percent of the outstanding shares of BE Semiconductor Industries N.V. This investment follows four years of collaboration focused on hybrid bonding technology, which is essential for advanced semiconductor packaging. The companies aim to co-develop an integrated equipment solution that enhances chip performance and efficiency, especially in the context of AI-driven applications. The investment reflects Applied Materials' commitment to advancing this critical technology without seeking board representation or additional shares in the future.
On the negative side, the press release does not provide specific financial metrics or details regarding the financial implications of the investment. There is also no mention of potential risks associated with the collaboration or market conditions that could affect the success of the hybrid bonding technology. The lack of regulatory approval requirements for the transaction might not address any potential market concerns regarding competition or market stability.
linkApr 14, 2025 16:54:24
Applied Materials has entered into a new Credit Agreement allowing for unsecured borrowings up to $2 billion, with an option to increase to $2.5 billion. The agreement includes a provision for letters of credit totaling up to $400 million and outlines various interest rate options and fees based on the company's credit ratings. The maturity date for this agreement is set for February 24, 2030, and it requires maintaining a financial ratio of consolidated adjusted EBITDA to consolidated net interest expense of at least 3.00 to 1.00.
On the negative side, the new Credit Agreement replaces a previous $1.5 billion credit agreement that was due to expire in 2026, which has now been terminated. As of the date of this announcement, Applied Materials has not made any borrowings under the new Credit Agreement. Additionally, the agreement includes customary events of default that could allow lenders to terminate commitments and demand repayment if certain conditions are met.
linkFeb 27, 2025 16:46:24
Applied Materials, Inc. reported a revenue of $7.17 billion for the first quarter of fiscal 2025, marking a 7% increase compared to the same period last year. The company also achieved a gross margin of 48.8% and a non-GAAP operating margin of 30.6%. They generated $925 million in cash from operations and returned $1.64 billion to shareholders through share repurchases and dividends, indicating a focus on returning value to investors despite challenges in the market.
However, the company faced a decline in net income, which dropped 41% to $1.18 billion year-over-year, and a significant 40% decrease in GAAP earnings per share, which fell to $1.45. Additionally, non-GAAP free cash flow saw a substantial decline of 74%, totaling $544 million, compared to $2.1 billion in the previous year. These negative trends highlight challenges that could impact future performance amid evolving market conditions.
linkFeb 13, 2025 16:05:46
Applied Materials announced a quarterly revenue of $7.05 billion, representing a 5 percent increase compared to the previous year. The company achieved record operating income of $2.05 billion, and on a non-GAAP basis, earnings per share (EPS) increased by 9 percent to $2.32. Additionally, the company generated $2.58 billion in cash from operations and returned $1.77 billion to shareholders through dividends and share repurchases, indicating strong capital management.
On the downside, the GAAP EPS declined by 12 percent to $2.09, and net income fell by 14 percent compared to the same quarter last year, totaling $1.73 billion. Furthermore, while annual revenue increased by 2 percent to $27.18 billion, the growth was relatively modest compared to previous years. The display segment experienced a significant drop in revenue, with Q4 revenue decreasing to $211 million from $298 million a year earlier, highlighting challenges in that area.
linkNov 14, 2024 16:04:07
Applied Materials has announced impressive results for its third quarter of 2024, achieving a record revenue of $6.78 billion, marking a 5% increase from the previous year. The company also reported significant growth in earnings per share, with GAAP EPS rising by 11% to $2.05 and non-GAAP EPS up by 12% to $2.12. Furthermore, both gross and operating margins improved, reflecting a strong operational performance, while the company generated $2.39 billion in cash from operations and returned $1.19 billion to shareholders through buybacks and dividends.
Despite the positive overall performance, there are a few areas of concern. The non-GAAP free cash flow decreased by 10% compared to the prior year, indicating potential challenges in cash generation. Additionally, the Display and Adjacent Markets segment saw a decline in operating income and margin, which may suggest competitive pressures in that area. Overall, while the company is performing well, these factors could impact its future growth trajectory.
linkAug 15, 2024 16:04:10
Applied Materials reported steady revenue of $6.65 billion, with an 11% increase in GAAP EPS and 5% increase in non-GAAP EPS year over year. The company's cash flow from operations was $1.39 billion. The CEO highlighted the company's strong performance and its position in key technology sectors. For Q3 2024, Applied expects revenue of $6.65 billion, plus or minus $400 million, with a non-GAAP EPS range of $1.83 to $2.19. The company's segments, including Semiconductor Systems, showed stable operating margins.
linkMay 16, 2024 16:03:55
Applied Materials reported flat year-over-year revenue of $6.71 billion in Q1 2024. The company's GAAP and non-GAAP operating margins remained steady, while GAAP EPS increased by 19%. Additionally, the company generated $2.33 billion in cash from operations. Applied Materials expects net revenue of approximately $6.50 billion in Q2 2024, with a positive outlook for non-GAAP diluted EPS. The company's reportable segments' performance and non-GAAP financial measures were also disclosed.
linkFeb 15, 2024 16:03:18