The company said net revenue for fiscal 2025 Q1 (ended January 26, 2025) rose 7% year over year to $7,166 million, from $6,707 million a year earlier. Gross margin was 48.8%, compared with 47.8% a year earlier.

1. 01

   The company said net revenue for fiscal 2025 Q1 (ended January 26, 2025) rose 7% year over year to $7,166 million, from $6,707 million a year earlier. Gross margin was 48.8%, compared with 47.8% a year earlier.

2. 02

   Applied Materials said GAAP diluted EPS was $1.45, down 40% from $2.41 a year earlier, while non-GAAP diluted EPS was $2.38, up 12% from $2.13 a year earlier. The company said it recorded $644 million in income tax expense ($0.79 per diluted share) from the remeasurement of deferred tax assets tied to new tax incentive agreements in Singapore.

3. 03

   The company said operating cash flow for Q1 was $925 million. It said it returned $1.64 billion to shareholders, including $1.32 billion in share repurchases and $326 million in dividends. Non-GAAP free cash flow was $544 million, compared with $2,096 million a year earlier.

4. 04

   The company gave its outlook for the second quarter of fiscal 2025, including the estimated impact of recently announced U.S. export regulations: net revenue of $7,100 million ± $400 million, non-GAAP gross margin of 48.4%, and non-GAAP diluted EPS of $2.30 ± $0.18.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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