Applied Materials recorded net revenue of $7,302 million, GAAP gross margin of 48.8% and GAAP operating margin of 30.6% in Q3. Net revenue in the prior-year quarter was $6,778 million, a change of 8%.

1. 01

   Applied Materials recorded net revenue of $7,302 million, GAAP gross margin of 48.8% and GAAP operating margin of 30.6% in Q3. Net revenue in the prior-year quarter was $6,778 million, a change of 8%.

2. 02

   The company reported net income of $1,779 million and non-GAAP net income of $1,989 million for Q3, with GAAP diluted earnings per share of $2.22 and non-GAAP diluted earnings per share of $2.48. Adjustments included resolution of prior years' income tax filings and other tax items of 460.

3. 03

   Applied Materials recorded cash provided by operating activities of $2,634 million, capital expenditures of $584 million and non-GAAP free cash flow of $2,050 million in Q3. Common stock repurchases in the same quarter were $1,056 million.

4. 04

   The company provided guidance for fiscal 2025 Q4 total net revenue of $6,700 million +/- $500 million and non-GAAP diluted EPS of $2.11 +/- $0.20. Applied Materials cited digestion of capacity in China and non-linear demand from leading-edge customers as factors in its expectation of a revenue decline in Q4.

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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