Skip to content
OpenCapital
Get started

Applied Materials AMAT Q2 2025 earnings

Reported May 15, 2025 · After market close

Revenue$7.1BMiss by $28.6MDiluted EPS$2.39Beat by $0.08
Revenue estimate$7.1B
EPS estimate$2.31

Next report

Aug 13, 2026 (in a month)
Revenue estimate$9.0B
EPS estimate$3.35

Financials

Q2 2025

Income statement

See full
Revenue$7.1B+6.8%
Gross profit$3.5B+10.5%
Operating income$2.2B+13.4%
Net income$2.1B+24.1%
EPS (diluted)$2.63+27.7%

Balance sheet

See full
Cash & equivalents$1.4B+6.0%
Total debt$6.7B+11.2%
Total equity$19.0B+4.2%
Total assets$33.6B+5.3%

Cash flow

See full
Operating cash flow$1.6B+12.9%
CapEx$510.0M+98.4%
Free cash flow$1.1B-6.5%

Valuation & ratios

Valuation

as of 04/27/25
See full
Market cap$122B-26.1%
Enterprise value$127.23B-25.0%
P/E18.1×-4.5×
P/S4.3×-1.9×

Profitability

See full
Gross margin48.1%+1.0pp
Operating margin29.7%+0.8pp
Net margin24.1%-3.5pp
FCF margin20.9%-4.8pp

Returns & leverage

See full
Return on equity36.4%-8.8pp
Debt / equity0.4×0.0×
Current ratio2.5×-0.3×

Segments

By segment

See full
Semiconductor Systems$5.4B—
Applied Global Services$1.4B—

Versus estimates

Revenue

Q2 2026$7.9BBeat by $226.7MQ1 2026$7.0BBeat by $141.9MQ4 2025$6.8BBeat by $116.4MQ3 2025$7.3BBeat by $80.0M
Q2 2025$7.1BMiss by $28.6M
Q1 2025$7.2BBeat by $18.2M

Diluted EPS

Q2 2026$2.86Beat by $0.18Q1 2026$2.38Beat by $0.17Q4 2025$2.17Beat by $0.06Q3 2025$2.48Beat by $0.12
Q2 2025$2.39Beat by $0.08
Q1 2025$2.38Beat by $0.10

Ask the moment Applied Materials reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Applied Materials report Q2 2025 earnings?
Applied Materials (AMAT) reported Q2 2025 earnings on May 15, 2025 after market close.
What were Applied Materials's Q2 2025 revenue and EPS?
Applied Materials reported revenue of $7.1B and diluted EPS of $2.39 for Q2 2025.
Did Applied Materials beat estimates in Q2 2025?
Revenue missed the consensus estimate of $7.1B by $28.6M. EPS beat the consensus estimate of $2.31 by $0.08.
How did Applied Materials's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.8% from $6.6B a year earlier and diluted EPS grew 14.4% from $2.09.
Where can I find Applied Materials's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000006951-25-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.