Applied Materials announced its first quarter fiscal year 2025 results on the 14th, ending on January 26th.

Global sales in the first quarter amounted to $7.17 billion, or approximately KRW 10 trillion, up 7% year-on-year. GAAP gross profit margin was 48.8%, operating profit margin was 30.4%, and earnings per share (EPS) were $1.45.

It was reported that the company recorded a gross profit margin of 48.9%, an operating profit margin of 30.6%, and net income per share of $2.38 on a non-GAAP basis.

Applied Materials generated $925 million in cash from operations and returned $1.64 billion to shareholders, including $1.32 billion in share repurchases and $326 million in dividends.

“The industry’s push to accelerate advanced computing and more sophisticated AI is gaining momentum,” said Gary Dickerson, Applied Materials chairman and CEO. “Applied is supporting key innovations in device architectures essential to enabling energy-efficient AI and creating unique opportunities for collaboration with customers and partners through our focus on ‘accelerated co-innovation.’”

“Applied Materials delivered strong financial results in the first quarter, including record revenue, gross margin expansion and solid shareholder returns,” said Brice Hill, Applied Materials senior vice president and chief financial officer. “We are encouraged by the continued investment our customers are making in leading-edge technologies in the second quarter, while also considering challenges related to export controls.”