Applied Materials Announces 1Q 2025 Results

Applied Materials, Inc. reported results for its first quarter ended Jan. 26, 2025.

Revenue was $7.17 billion, up 7% year over year. GAAP gross margin was 48.8% and non-GAAP gross margin 48.9%. GAAP operating margin was 30.4% and non-GAAP operating margin 30.6%. GAAP EPS was $1.45 and non-GAAP EPS $2.38, down 40% and up 12% year over year, respectively. Applied Materials generated $925 million in cash from operations and distributed $1.64 billion to shareholders, including $1.32 billion in share repurchases and $326 million in dividends

“The industry drive to accelerate the development of advanced compute and more sophisticated AI is gaining momentum,” said Gary Dickerson, president and CEO. “Applied Materials is enabling the major device architecture inflections critical for energy-efficient AI and our focus on high-velocity co-innovation creates unique collaboration opportunities with our customers and partners, positioning Applied for continued growth and outperformance in the years to come.”

“We delivered strong financial performance in the first fiscal quarter, with record revenue, gross margin expansion and robust shareholder distributions,” said Brice Hill, SVP and CFO. “For the second fiscal quarter, we are encouraged by the trends supporting continued customer investments to enable leading-edge technology inflections, while also taking into account export control related headwinds.”