Applied Materials Announces Second Quarter 2025 Results

Applied Materials, Inc. reported results for its second quarter ended Apr. 27, 2025.

Applied Materials reported revenue of $7.10 billion, up 7% year over year. GAAP gross margin was 49.1% and non-GAAP gross margin 49.2%. GAAP operating margin was 30.5% and non-GAAP operating margin 30.7%. Applied Materials generated $1.57 billion in cash from operations and distributed $2 billion to shareholders, including $1.67 billion in share repurchases and $325 million in dividends.

“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 7% year-over-year revenue growth, record earnings per share and shareholder distributions of nearly $2 billion,” said Brice Hill, SVP 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.”