🔹 Revenue: $7.10B (Est. $7.12B) 🔴; UP +7% YoY
🔹 Adj EPS: $2.39 (Est. $2.31) 🟢; UP +14% YoY
🔹 Adj Gross Margin: 49.2% (vs. 47.5% YoY)
Q3'25 Guidance:
🔹 Revenue: $6.7B–$7.7B (Midpoint Est. $7.2B) 🟡
🔹 Adjusted EPS: $2.15–$2.55 (Est. $2.31) 🟡
🔹 Adjusted Gross Margin: ~48.3%
Segment Performance:
Semiconductor Systems:
🔹 Revenue: $5.26B; UP from $4.90B YoY
🔹 Adj Operating Income: $1.91B (Margin: 36.4%)
🔸 Segment Mix:
• Foundry/Logic/Other: 65%
• DRAM: 27%
• Flash Memory: 8%
Applied Global Services:
🔹 Revenue: $1.57B; UP from $1.53B YoY
🔹 Adj Operating Income: $446M (Margin: 28.5%)
Display:
🔹 Revenue: $259M; UP from $179M YoY
🔹 Adj Operating Income: $68M (Margin: 26.3%)
Corporate & Other:
🔹 Unallocated Revenue: $20M
🔹 Corporate Expense: -$245M
CEO Gary Dickerson's Commentary:
🔸 “High-performance, energy-efficient AI computing remains the dominant driver of semiconductor innovation, and Applied is working closely with our customers and partners to accelerate the industry’s roadmap. We are very well positioned at major technology inflections in fast-growing areas of the market, which supports our multi-year growth trajectory.”
CFO Brice Hill's Commentary:
🔸 “Despite the dynamic economic and trade environment, we have not seen significant changes to customer demand and are well-equipped to navigate evolving conditions with our robust global supply chain and diversified manufacturing footprint.”