Filing Flows › Applied Materials (AMAT) › Q4 FY25
Applied Materials (AMAT) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Dec 12, 2025
Applied Materials (AMAT) reported revenue of $6.8B for the fourth quarter fiscal 2025 (Q4 FY25), -3% from a year earlier and -7% from the quarter before. Operating margin was 25.2%, net earnings $1.9B (27.9% of revenue).
Applied Materials, Q4 FY25: revenue $6.8B (-4% year over year), operating margin 25.2%, net earnings $1.9B, operating cash flow $2.8B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | -7% | -3% |
| Gross profit | $3.3B | -8% | -2% |
| Operating profit | $1.7B | -23% | -16% |
| Net earnings | $1.9B | +7% | +10% |
| Operating cash flow | $2.8B | +7% | +10% |
| Free cash flow | $2.0B | — | -6% |
What changed
Revenue was $6.8B in Q4 FY25, down 3% year over year and down 7% from the previous quarter.
Gross margin was 48.0%, up 0.7 points from Q4 FY24. Operating profit was $1.7B, a 25.2% margin (down 3.9 points year over year). Operating expenses grew 20% against a revenue fall of 3%. The fastest-growing cost line was General & admin (+12%). Net earnings were $1.9B, up 10% year over year. The effective tax rate was 16.3%. Non-operating items added $0.56B, 24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.8B (up 10% year over year), 149% 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 $0.66B. After capital expenditures ($0.79B), free cash flow as the company reports it was $2.0B.
Questions
What was Applied Materials' revenue in the fourth quarter fiscal 2025?
Applied Materials (AMAT) reported revenue of $6.8B for the fourth quarter fiscal 2025 (Q4 FY25), -3% from a year earlier and -7% from the quarter before.
Was Applied Materials profitable in the fourth quarter fiscal 2025?
Operating profit was $1.7B (25.2% of revenue) and net earnings $1.9B.
Source: Applied Materials 10-K on SEC EDGAR.