Applied Materials Hits Its Q1 Guidance

Applied Materials reported record revenue in its fiscal 2025 first quarter, but a significant overseas tax charge impacted its bottom line.Applied Materials (AMAT 1.87%), a leader in semiconductor manufacturing equipment, announced its fiscal 2025 first-quarter earnings on Feb. 13. The company reported record revenue of $7.17 billion, a 7% increase from the same period last year. That was just above the midpoint of management's guidance range of $6.75 billion to $7.55 billion. Non-GAAP earnings per share (E ...