Applied Materials, a global semiconductor and display materials engineering solutions company, announced its second quarter fiscal year 2025 results.

Global sales for the quarter were $7.1 billion, up 7% year-over-year, driven by strong performance driven by continued growth in the semiconductor market and technological innovation.

Applied Materials posted gross margin of 49.1% and operating profit margin of 30.5% under U.S. GAAP.

Earnings per share (EPS) were $2.63.

In terms of non-GAAP, the company recorded gross profit margin of 49.2%, operating profit margin of 30.7%, and net income per share of $2.39.

We generated $1.57 billion in cash from operating activities during the quarter and returned a total of $2 billion to shareholders, including $1.67 billion in share repurchases and $325 million in dividends.

“Despite the rapid changes in the semiconductor industry, Applied Materials continues to deliver strong performance based on our broad capabilities and organically connected product portfolio,” said Gary Dickerson, Applied Materials chairman and CEO. “High-performance, energy-efficient AI computing remains a key driver of semiconductor innovation, and we are working with customers and partners to accelerate the industry roadmap,” he said.

Brice Hill, Executive Vice President and CFO, said, “We achieved record quarterly revenue growth of 7% year-over-year and record earnings per share. We are continuing to deliver strong results by returning approximately $2 billion to shareholders, and customer demand remains strong despite a volatile economic environment. Applied’s robust global supply chain and diversified manufacturing infrastructure provide us with the flexibility to respond to market changes.”