Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Second Quarter Fiscal 2025 Earnings Presentation May 15, 2025 Applied Materials External Forward-Looking Statements This presentation contains forward-looking statements, including those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, technology transitions, our business and financial performance and market share positions, our capital allocation and cash deployment strategies, our investment and growth strategies, our development of new products ...

Economic Developments - President Trump's Middle East tour is resulting in significant deals for American corporations, including Boeing's commitment to send over 200 jets to Qatar Airways and $142 billion in military equipment investments to Saudi Arabia [1] - Additional investments in Saudi infrastructure will involve supplies from AMD and Cisco, with Cisco's products being sent to a company chaired by Mohammed bin Salman [1] Market Performance - The Dow Jones Industrial Average increased by 271 points (+0.65%), while the S&P 500 rose by +0.41% and the Russell 2000 gained +0.52% [2] - The Nasdaq, which has seen a +13% increase over the past month, experienced a decline of -7% due to an SEC investigation into Coinbase and a cybersecurity hack [2] - Meta's shares fell by -2.3% following reports of a delay in its AI rollout [2] Earnings Reports - Applied Materials (AMAT) reported fiscal Q2 earnings of $2.39 per share, exceeding expectations by 8 cents, but revenues of $7.1 billion were slightly below forecasts [3] - Take Two Software (TTWO) faced a significant one-time impairment charge, missing fiscal Q4 earnings expectations, although revenues were slightly better than expected at $1.58 billion [3] - Cava Group (CAVA) outperformed estimates with earnings of 22 cents per share and revenues of $332 million, with same-store sales growing +11% year over year [4] Upcoming Economic Indicators - The upcoming trading session will feature Import and Export Prices, as well as Housing Starts and Building Permits for April [5] - A preliminary Consumer Sentiment survey for May is also expected [6]

Core Insights - Applied Materials reported revenue of $7.1 billion for the quarter ended April 2025, reflecting a year-over-year increase of 6.8% [1] - The earnings per share (EPS) for the quarter was $2.39, up from $2.09 in the same quarter last year, surpassing the consensus estimate of $2.31 by 3.46% [1] - The revenue fell slightly short of the Zacks Consensus Estimate of $7.12 billion, resulting in a surprise of -0.28% [1] Financial Performance Metrics - Net Sales for Applied Global Services reached $1.57 billion, exceeding the average estimate of $1.55 billion, marking a year-over-year increase of 2.4% [4] - Net Sales for Semiconductor Systems were reported at $5.26 billion, slightly below the average estimate of $5.30 billion, with a year-over-year growth of 7.2% [4] - Net Sales for Display and Adjacent Markets amounted to $259 million, surpassing the estimated $250.23 million, showing a significant year-over-year increase of 44.7% [4] - Net Sales for Corporate and Other were reported at $20 million, below the estimated $20.86 million, reflecting a year-over-year decline of 44.4% [4] Stock Performance - Shares of Applied Materials have returned +26% over the past month, outperforming the Zacks S&P 500 composite's +9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Applied Materials, Inc. (NASDAQ: AMAT) reported Q2 2025 earnings amidst significant uncertainty in the global semiconductor market and economic conditions [1] Company Performance - The earnings report comes after a period of recovery for the company, indicating resilience despite market challenges [1] Market Context - The semiconductor market is experiencing pervasive uncertainty, which may impact future performance and investment decisions [1]

Group 1: Earnings Performance - Applied Materials reported quarterly earnings of $2.39 per share, exceeding the Zacks Consensus Estimate of $2.31 per share, and up from $2.09 per share a year ago, representing an earnings surprise of 3.46% [1] - The company posted revenues of $7.1 billion for the quarter ended April 2025, slightly missing the Zacks Consensus Estimate by 0.28%, compared to $6.65 billion in the same quarter last year [2] - Over the last four quarters, Applied Materials has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Applied Materials shares have increased approximately 7.1% since the beginning of the year, outperforming the S&P 500's gain of 0.2% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $2.32 on revenues of $7.21 billion, and for the current fiscal year, it is $9.36 on revenues of $28.81 billion [7] Group 3: Industry Context - The Electronics - Semiconductors industry, to which Applied Materials belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Core Viewpoint - Applied Materials reported mixed second-quarter financial results, with revenue growth falling short of expectations while adjusted earnings per share exceeded them [3][6]. Financial Performance - Revenue for Q2 2024 was $6.65 billion, a 7% increase year-over-year, but missed analyst expectations [2][3]. - Adjusted earnings per share rose to $2.09, reflecting a 14% increase and beating expectations [2][3]. - The operating margin improved to 30.7%, up by 1.7 percentage points [2][3]. - Semiconductor systems revenue reached $4.90 billion, also a 7% increase [2]. Customer Demand and Market Conditions - There has been no significant change in customer demand despite global economic uncertainties, according to the CFO [4]. - Foundry and logic semiconductor equipment accounted for 65% of semiconductor systems revenue, unchanged from the previous year [4]. - DRAM-related revenue decreased to 27% from 32%, while flash memory-related revenue increased to 8% from 3% [4]. Future Outlook - For Q3 fiscal 2025, the company expects revenue between $6.7 billion and $7.7 billion, with adjusted EPS between $2.15 and $2.35, indicating a wide range due to uncertainty [5]. - The stock price fell approximately 4% in after-hours trading following the earnings report, reflecting investor concerns over missed revenue expectations and uncertain outlook [6]. Risks and Considerations - While current customer demand remains stable, potential economic slowdowns and changes in AI infrastructure investments could impact future demand [7].

Applied Materials (AMAT) Q2 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Liz Morali - Vice President of Investor RelationsGary Dickerson - President & Chief Executive OfficerBrice Hill - Senior VP, CFO & leads Global Information ServicesCJ Muse - Senior Managing DirectorMelissa Weathers - Director - Equity ResearchHarlan Sur - Executive Director - Equity ResearchTimothy Arcuri - Managing DirectorKrish Sankar - Managing DirectorSrini Pajjuri - Managing DirectorTimm Schulze-Melander - Part ...

Financial Data and Key Metrics Changes - Applied Materials reported total net revenue of approximately $7.1 billion for Q2 2025, up 7% year over year, with record earnings per share of $2.39, a 14% increase year over year [17][18] - Non-GAAP gross margin was 49.2%, up 170 basis points year over year, marking the highest quarterly gross margin since fiscal year 2000 [17][18] - Non-GAAP operating expenses were $1.3 billion, slightly down as a percentage of revenue year over year [17] Business Segment Data and Key Metrics Changes - Semiconductor Systems revenue was $5.26 billion for Q2, up 7% year over year, driven by foundry logic investments and NAND upgrades [18] - Applied Global Services (AGS) delivered revenue of $1.57 billion, up 2% year over year, with healthy growth in services offsetting declines in 200mm equipment sales [18] - Display business revenue was $259 million with a non-GAAP operating margin of 26.3% [18] Market Data and Key Metrics Changes - Investment in leading-edge foundry logic is expected to grow substantially in 2025, while spending for leading-edge DRAM is also anticipated to increase significantly [7] - Lower spending in China is noted, with investments in both DRAM and mature logic down for the year [7] - An uptick in NAND investment is observed, albeit from low levels seen in previous years [7] Company Strategy and Development Direction - The company is focused on high-velocity co-innovation to accelerate the development and commercialization of next-generation technologies [13] - Construction of the new flagship R&D facility, the EPIC Center in Silicon Valley, is on schedule to start operations in spring 2026 [14] - Applied Materials aims to leverage its strong leadership positions at key device architecture inflections to capture market share and drive sustainable growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a highly dynamic macro environment but reports no significant changes in customer demand [14] - The race to deliver high-performance, energy-efficient AI computing is identified as the dominant driver of the semiconductor industry's roadmap [14] - The company expects total revenue for Q3 2025 to be approximately $7.2 billion, representing a 6% increase year over year at the midpoint [20] Other Important Information - The company increased shareholder capital distributions during Q2, with approximately $2 billion in dividends and share repurchases [17] - Free cash flow for Q2 was approximately $1.1 billion, with cash and cash equivalents at $6.2 billion and debt at $6.3 billion [19] Q&A Session Summary Question: Services in China and AGS Segment Performance - Management noted that core AGS business is expected to grow at low double digits despite trade restrictions impacting the 200mm equipment sales [25][26] - The decline in 200mm equipment sales was attributed to lower utilization and market conditions in China [28][30] Question: ICAPs Exposure and Growth Outlook - Management indicated that ICAPs represent mid-20s percent of total company revenue, with expectations for mid to high single-digit growth in the segment [35][36] - The company is well-positioned in the 28nm market, which is expected to grow significantly [36] Question: Gross Margin Projections - Management provided guidance for Q3 gross margin at approximately 48.3%, with expectations for sustainable margin improvement through pricing and cost management initiatives [46][49] Question: DRAM Market Dynamics - The DRAM segment is expected to grow significantly, driven by high bandwidth memory (HBM) and AI data center demand [53][55] Question: Leading Edge Foundry Logic Spending - Management confirmed expectations for accelerating spending in leading-edge foundry logic technologies in the second half of the year [58][60] Question: Advanced Packaging and Risk Appetite - The company is investing heavily in advanced packaging and has high visibility on industry trends, indicating a strong position for future growth [96][98]

Exhibit 99.1 Investor Relations Contact: Liz Morali (408) 986-7977 liz_morali@amat.com Media Contact: Ricky Gradwohl (408) 235-4676 ricky_gradwohl@amat.com APPLIED MATERIALS ANNOUNCES SECOND QUARTER 2025 RESULTS "We delivered strong performance in our second fiscal quarter with seven percent year-over-year revenue growth, record earnings per share and shareholder distributions of nearly $2 billion," said Brice Hill, Senior Vice President and CFO. "Despite the dynamic economic and trade environment, we have ...