Filing Flows › Applied Materials (AMAT) › Q2 FY25
Applied Materials (AMAT) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 22, 2025
Applied Materials (AMAT) reported revenue of $7.1B for the second quarter fiscal 2025 (Q2 FY25), +7% from a year earlier and -0.9% from the quarter before. Operating margin was 30.5%, net earnings $2.1B (30.1% of revenue).
Applied Materials, Q2 FY25: revenue $7.1B (+7% year over year), operating margin 30.5%, net earnings $2.1B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1B | -0.9% | +7% |
| Gross profit | $3.5B | -0.3% | +11% |
| Operating profit | $2.2B | -0.3% | +13% |
| Net earnings | $2.1B | +80% | +24% |
| Operating cash flow | $1.6B | +70% | +13% |
| Free cash flow | $1.1B | — | -7% |
What changed
Revenue was $7.1B in Q2 FY25, up 7% year over year and down 1% from the previous quarter.
Gross margin was 49.1%, up 1.6 points from a year earlier. Operating profit was $2.2B, a 30.5% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 57% reached operating profit, above the 29% margin then. Operating expenses grew 6% against revenue growth of 7%. The fastest-growing cost line was Research & development (+14%). Net earnings were $2.1B, up 24% year over year. The effective tax rate was 8.0%.
Operating cash flow was $1.6B (up 13% year over year), 74% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.16B of share-based compensation. Working capital and other items used $0.83B. After capital expenditures ($0.51B), free cash flow as the company reports it was $1.1B.
Questions
What was Applied Materials' revenue in the second quarter fiscal 2025?
Applied Materials (AMAT) reported revenue of $7.1B for the second quarter fiscal 2025 (Q2 FY25), +7% from a year earlier and -0.9% from the quarter before.
Was Applied Materials profitable in the second quarter fiscal 2025?
Operating profit was $2.2B (30.5% of revenue) and net earnings $2.1B.
Source: Applied Materials 10-Q on SEC EDGAR.