Filing Flows › Applied Materials (AMAT) › Q3 FY25
Applied Materials (AMAT) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 21, 2025
Applied Materials (AMAT) reported revenue of $7.3B for the third quarter fiscal 2025 (Q3 FY25), +8% from a year earlier and +3% from the quarter before. Operating margin was 30.6%, net earnings $1.8B (24.4% of revenue).
Applied Materials, Q3 FY25: revenue $7.3B (+8% year over year), operating margin 30.6%, net earnings $1.8B, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3B | +3% | +8% |
| Gross profit | $3.6B | +2% | +11% |
| Operating profit | $2.2B | +3% | +15% |
| Net earnings | $1.8B | -17% | +4% |
| Operating cash flow | $2.6B | +68% | +10% |
| Free cash flow | $2.0B | — | -2% |
What changed
Revenue was $7.3B in Q3 FY25, up 8% year over year and up 3% from the previous quarter.
Gross margin was 48.8%, up 1.5 points from a year earlier. Operating profit was $2.2B, a 30.6% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 56% reached operating profit, above the 29% margin then. Operating expenses grew 5% against revenue growth of 8%. Net earnings were $1.8B, up 4% year over year. The effective tax rate was 30.6%.
Operating cash flow was $2.6B (up 10% year over year), 148% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.16B of share-based compensation. Working capital and other items added $0.58B. After capital expenditures ($0.58B), free cash flow as the company reports it was $2.0B.
Questions
What was Applied Materials' revenue in the third quarter fiscal 2025?
Applied Materials (AMAT) reported revenue of $7.3B for the third quarter fiscal 2025 (Q3 FY25), +8% from a year earlier and +3% from the quarter before.
Was Applied Materials profitable in the third quarter fiscal 2025?
Operating profit was $2.2B (30.6% of revenue) and net earnings $1.8B.
Source: Applied Materials 10-Q on SEC EDGAR.