Applied Materials, a leading global provider of materials engineering solutions for advanced semiconductors and displays, announced its financial results for the third quarter of fiscal year 2025, which ended July 27.

Applied Materials' global revenue for the third quarter of fiscal 2025 reached $7.3 billion, an 8% increase year-over-year and the company's highest quarterly revenue ever.

Under US GAAP, gross profit margin was 48.8%, operating profit margin was 30.6%, and earnings per share (EPS) was $2.22.

Under non-GAAP accounting, the company recorded a gross profit margin of 48.9% and an operating profit margin of 30.7%. Earnings per share reached $2.48, a 17% increase year-over-year.

“Applied Materials achieved record earnings in the third quarter of fiscal 2025 and is on track for six consecutive years of revenue growth,” said Gary Dickerson, Applied Materials chairman and CEO. “The dynamic changes in the macroeconomic and policy environment, including our business in China, are increasing near-term uncertainty and reducing visibility. However, we remain very confident in the long-term growth opportunities for the semiconductor industry and Applied Materials,” he said.

“We expect revenue to decline in the fourth quarter due to fluctuations in production volumes in China, market concentration and advanced customer demand driven by fab scheduling,” said Brice Hill, Applied Materials senior vice president and chief financial officer. “Applied is addressing the near-term uncertainty with a robust supply chain, global manufacturing footprint and strong customer relationships.”