AMAT Q3 2025 Earnings
Reported Aug 14, 2025 at 4:05 PM ET · SEC Source
Q3 25 EPS
$2.48
BEAT +5.09%
Est. $2.36
Q3 25 Revenue
$7.30B
BEAT +1.23%
Est. $7.21B
vs S&P Since Q3 25
+129.9%
BEATING MARKET
AMAT +141.9% vs S&P +12.0%
Market Reaction
Did AMAT Beat Earnings? Q3 2025 Results
Applied Materials posted a strong fiscal third quarter, with revenue climbing 7.7% year over year to $7.30 billion against a consensus estimate of $7.21 billion, while non-GAAP diluted EPS of $2.48 cleared the $2.36 analyst estimate by 5.09%, marking… Read more Applied Materials posted a strong fiscal third quarter, with revenue climbing 7.7% year over year to $7.30 billion against a consensus estimate of $7.21 billion, while non-GAAP diluted EPS of $2.48 cleared the $2.36 analyst estimate by 5.09%, marking a record result for the period. The primary engine behind the beat was the Semiconductor Systems segment, which generated $5.43 billion in revenue as foundry and logic demand remained robust and flash memory spending recovered meaningfully, rising to 9% of segment revenue from just 4% a year earlier. China remained the company's largest market at $2.55 billion, or 35% of total revenue, a concentration that is now casting a shadow over the outlook. Applied Materials guided Q4 revenue of approximately $6.70 billion, well below prior expectations, citing capacity digestion among Chinese customers and non-linear demand from leading-edge clients due to fab timing, a forecast that sent shares sharply lower after the report. Management remained confident in the semiconductor industry's longer-term trajectory despite the near-term pressure.
Key Takeaways
- • Record Semiconductor Systems revenue of $5.43 billion, up from $4.92 billion year over year
- • Flash memory mix increased to 9% from 4% year over year within Semiconductor Systems
- • Display segment operating margin improved to 23.6% from 6.4% year over year
- • Non-GAAP gross margin expanded 1.5 percentage points year over year to 48.9%
- • Taiwan revenue surged to $1.84 billion (25% of total) from $1.15 billion (17%) year over year
- • China revenue grew to $2.55 billion (35% of total) from $2.15 billion (32%) year over year
AMAT YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
AMAT Revenue by Segment
With YoY comparisons, source: SEC Filings
AMAT Revenue by Geography
With YoY comparisons, source: SEC Filings
“Applied Materials delivered record performance in our third fiscal quarter, and we are on track to deliver our sixth consecutive year of revenue growth in fiscal 2025.”
— Gary Dickerson, Q3 2025 Earnings Press Release
AMAT Earnings Trends
AMAT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AMAT EPS Trend
Earnings per share: estimate vs actual
AMAT Revenue Trend
Quarterly revenue: estimate vs actual
AMAT Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.21 | $2.38 | +7.84% | $7.01B | +1.92% |
| Q4 25 BEAT FY | $2.12 | $2.17 | +2.36% | $6.80B | +1.56% |
| FY Full Year | $9.35 | $9.42 | +0.73% | $28.37B | +0.37% |
| Q3 25 BEAT | $2.36 | $2.48 | +5.09% | $7.30B | +1.23% |
| Q2 25 BEAT | $2.31 | $2.39 | +3.45% | $7.10B | -0.33% |