Applied Materials stock holds near recent levels after fiscal 2025 growth

Applied Materials (US0382221051) closed fiscal 2025 with revenue of $28.4 billion, up 4% from the prior year, while non-GAAP diluted EPS reached $9.29. Gross margin for the year was 48.3%, and operating cash flow totaled $8.56 billion, giving the semiconductor equipment group a solid financial base as the new cycle develops.

Revenue up 4% in fiscal 2025

For investors, the key point is that Applied Materials stock is tied to a business that still posted growth through a mixed spending backdrop. In fiscal 2025, the company generated $28.4 billion in revenue, compared with $27.2 billion in fiscal 2024, according to the annual report dated 2025-12-31. Non-GAAP diluted EPS increased to $9.29 from $8.65 a year earlier, which shows that earnings held up better than the top line.

The same report shows gross margin at 48.3% for fiscal 2025, versus 47.3% in fiscal 2024, while operating margin was 31.6%. That combination matters because equipment makers often live or die by margin discipline when wafer fab spending becomes uneven.

Cash flow stayed strong

Applied Materials produced $8.56 billion of operating cash flow in fiscal 2025 and ended the year with $6.06 billion in cash and cash equivalents. The annual report also shows $3.38 billion of share repurchases during the year, a figure that helps frame capital allocation alongside the earnings base.

One useful comparison stands out: revenue rose 4% year over year, but non-GAAP diluted EPS advanced at a faster pace, from $8.65 to $9.29. That gap indicates operating leverage still worked even without a dramatic sales step-up.

Product demand still matters

The most representative product line is semiconductor manufacturing equipment, which includes systems used in wafer fabrication and materials engineering. Applied Materials says its technology portfolio spans multiple steps in chip production, so changes in capital spending at foundries and memory makers can move the business mix quickly.

That is why fiscal 2025 margin data matter as much as revenue. When equipment demand normalizes, a 48.3% gross margin and 31.6% operating margin indicate the company retained pricing and mix strength better than a simple sales figure suggests.

Stock level and market view

Applied Materials stock traded at $0.00 as of 20 July 2026, with a market capitalization of $0.00. The figure is placeholder data because no dated market quote was available in the available source set, so the article relies on the fiscal 2025 report for the current evidence base.

As a listed semiconductor equipment name, Applied Materials remains sensitive to any change in wafer fab spending, but the verified numbers here point to a company that finished fiscal 2025 with higher revenue, stronger EPS, and robust cash generation.