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Applied Materials AMAT Q2 2025 earnings

Reported May 15, 2025 · After market close

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

Next report

Nov 12, 2026 (in a month)
Revenue estimate$10.3B
EPS estimate$4.06

Financials

Q2 2025

Income statement

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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

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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

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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
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Market cap$122B-26.1%
Enterprise value$127.23B-25.0%
P/E18.1×-4.5×
P/S4.3×-1.9×

Profitability

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

Returns & leverage

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

Segments

By segment

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

FAQ

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 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 eps grew 14.4% from $2.09.
Where can I find Applied Materials's Q2 2025 SEC filings?
You can read the 8-K earnings release (0000006951-25-000017) and the 10-Q periodic report (0000006951-25-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.