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

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

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

Earnings per share (EPS) was $2.63.

Non-GAAP accounting standards recorded gross profit margin of 49.2%, operating profit margin of 30.7%, and net income per share of $2.39.

The company 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 our customers and partners to accelerate the industry roadmap,” he said.

Brice Hill, Senior Vice President and CFO, said, "Applied Materials' revenue grew 7% year-over-year in the second quarter, and we also achieved a new record for earnings per share. We continue to deliver strong results, returning approximately $2 billion to shareholders. Customer demand remains strong even in a volatile economic environment. Applied Materials' robust global supply chain and diversified manufacturing infrastructure allow us to flexibly respond to market changes."