Applied Materials said net revenue for Q2 of fiscal 2025 ended April 27, 2025 was $7,100 million, up 7% from $6,646 million in the prior-year period, net income was $2,137 million, up 24%, and diluted earnings per share was $2.63, up 28%.

1. 01

   Applied Materials said net revenue for Q2 of fiscal 2025 ended April 27, 2025 was $7,100 million, up 7% from $6,646 million in the prior-year period, net income was $2,137 million, up 24%, and diluted earnings per share was $2.63, up 28%.

2. 02

   The company said GAAP gross margin for Q2 was 49.1% and operating margin was 30.5%, while non-GAAP gross margin was 49.2% and operating margin was 30.7%. Non-GAAP diluted EPS was $2.39, up 14% from $2.09 in the prior-year period.

3. 03

   Applied Materials said cash provided by operating activities for Q2 was $1,571 million, and it repurchased shares for $1,670 million and paid dividends of $325 million in the same quarter. Capital expenditures were $510 million and non-GAAP free cash flow was $1,061 million, down 7% from $1,135 million in the prior-year period.

4. 04

   The company said its guidance for Q3 of fiscal 2025 is total net revenue of $7,200 million plus or minus $500 million, non-GAAP gross margin of 48.3%, and non-GAAP diluted EPS of $2.35 plus or minus $0.20.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.