Applied Materials(US:AMAT)2025-02-13 21:32Financial Performance - Record revenue of $7.17 billion and Non-GAAP EPS of $2.38 in FQ1'25[6] - Semiconductor Systems revenue reached $5.36 billion in FQ1'25, a 9% year-over-year increase[31] - Applied Global Services (AGS) revenue was $1.59 billion in FQ1'25, up 8% year-over-year[33] - The company anticipates Q2'25 revenue of approximately $7.1 billion, plus or minus $400 million, and Non-GAAP EPS of around $2.30, plus or minus $0.18[38] Market and Technology Trends - Transition from FinFET to Gate-All-Around (GAA) is expected to grow Applied's transistor Served Addressable Market (SAM) from approximately $6 billion to about $7 billion[14] - Introduction of Backside Power Delivery (BPD) is projected to increase Applied's wiring SAM from roughly $6 billion to around $7 billion[14] - Expect Applied revenues to grow by ~30% for the equivalent fab capacity from FinFET nodes to nodes with Gate-All-Around and Backside Power Delivery[14] Capital Allocation - $7.6 billion remaining on share repurchase authorization at the end of Q1FY25[36, 43] - Committed to distribute 80–100% of Free Cash Flow (FCF) to shareholders over time[36, 43]