Applied Materials Inc. (AMAT) reported third-quarter fiscal 2025 non-GAAP earnings of $2.48 per share, exceeding the Zacks Consensus Estimate by 5.1% and up from $2.12 per share a year ago. Revenue for the quarter was $7.3 billion, falling short of estimates by 1.4%, but still rising from $6.78 billion in the same quarter last year.
Semiconductor Systems generated $5.43 billion (74.3% of total revenues), a 10.2% year-over-year increase, surpassing the consensus estimate of $5.38 billion. However, revenues from Corporate and Other fell by 47.8% to $12 million. The non-GAAP gross margin expanded to 48.9% from 47.4%, while free cash flow increased to $2.05 billion, up from $1.06 billion in the prior quarter. For the fiscal fourth quarter, AMAT anticipates net sales of $6.7 billion (+/- $500 million), with a consensus estimate of $7.31 billion.
