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Applied Materials, Inc. announced record-breaking financial results for its second fiscal quarter ended April 27, 2025, demonstrating continued strength across its core markets amid a dynamic global landscape.
Financial Highlights – Q2 FY2025 (GAAP)
- Revenue: $7.10 billion, up 7% year over year
- Gross Margin: 49.1%
- Operating Margin: 30.5%
- Net Income: $2.14 billion, up 24%
- Earnings Per Share (EPS): $2.63, a record, up 28% YoY
- Cash from Operations: $1.57 billion
- Shareholder Returns: $2.0 billion returned via $1.67B in share repurchases and $325M in dividends
Non-GAAP Performance
- Gross Margin: 49.2%
- Operating Margin: 30.7%
- EPS: $2.39, up 14% YoY
- Net Income: $1.94 billion
- Free Cash Flow: $1.06 billion
“Applied Materials’ broad capabilities and connected product portfolio are driving strong results in 2025 amidst a highly dynamic macro environment,” said Gary Dickerson, President and CEO. “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 delivered strong performance in our second fiscal quarter with 7% year-over-year revenue growth, record earnings per share, and shareholder distributions of nearly $2 billion,” said Brice Hill, CFO. “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.”
Business Segment Highlights
Semiconductor Systems
- Revenue: $5.26B (up from $4.90B YoY)
- Operating Margin: 36.2% GAAP; 36.4% Non-GAAP
- Segment driven by strong demand in foundry, logic, and improving NAND/DRAM investment.
Applied Global Services
- Revenue: $1.57B
- Operating Margin: 28.5% GAAP and Non-GAAP
- Continued stability and long-term service contracts contribute to consistent profitability.
Display and Adjacent Markets
- Revenue: $259M (up from $179M YoY)
- Operating Margin: 26.3% GAAP and Non-GAAP
- Sharp recovery driven by next-gen display investments.
Q3 FY2025 Guidance (Non-GAAP)
- Revenue: $7.20B ± $500M
- Gross Margin: ~48.3%
- EPS: $2.35 ± $0.20
Applied expects continued momentum in AI-enabling technologies and mature node innovations to support sustained growth through the remainder of the fiscal year.
Original – Applied Materials
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Toshiba Corporation announced its consolidated financial results for FY2024 (ending March 31, 2025), reporting its highest net sales, operating income, and net income since divesting its memory business. The company recorded 198.5 billion yen in operating income, nearly five times that of the previous fiscal year, and 279.0 billion yen in net income, marking a strong recovery across all business segments.
This performance underscores Toshiba’s successful execution of its “Revitalization Plan,” launched in FY2023, and reflects significant gains across infrastructure, digital, and industrial solutions. According to Koji Ikeya, Corporate Senior Executive Vice President, “FY2024 was a pivotal year of transformation and foundation-building. The results reflect the impact of management reforms, disciplined risk management, and ongoing structural efficiency improvements.”
Semiconductor-Driven Digital Solutions Segment Delivers Resilience
Among the standout contributors to this year’s results was Toshiba’s Digital Solutions segment, which includes key semiconductor-linked businesses such as embedded systems, power electronics platforms, and software-defined control solutions. Sales in this segment increased year-over-year, benefiting from sustained demand in data processing, industrial automation, and smart infrastructure applications.
The strong recovery of affiliate Kioxia Holdings—a leader in NAND flash memory—also contributed significantly to equity earnings, helping propel Toshiba’s net income to its highest level in years.
Infrastructure Strength and Order Growth
Toshiba reported strong YoY growth in orders and backlog for Energy Systems & Solutions and Infrastructure Systems & Solutions, driven by large-scale global projects in power transmission, rail, and renewable energy. The company emphasized that both orders received and order backlog reached their highest levels since FY2018, reinforcing a strong foundation for FY2025.
Outlook for FY2025 and Beyond
Toshiba enters FY2025 with momentum as it shifts from recovery to growth. With the second year of its revitalization strategy now underway, the company is targeting sustained profitability improvements and a return on sales (ROS) of 10% by FY2026.
Across its semiconductor-related operations and digital platforms, Toshiba continues to align its product development toward long-term trends in decarbonization, digitalization, and resilience in global supply chains.
Original – Toshiba
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On the occasion of its 25th anniversary, Infineon Technologies AG is launching a globally integrated campaign to highlight the economic and societal significance of semiconductor technology and of the company as a driver of decarbonization and digitalization. The anniversary campaign’s central message is that the products and solutions made by Infineon are important to each and every one of us on a daily basis. The substantive core of the campaign is the emotional testimonial series “Matters to me”.
“Our IPO on 13 March 2000 was a courageous step on the way to becoming a leading global technology company. Today we can look back on an unbelievable story of growth,” says Andreas Urschitz, Chief Marketing Officer and Member of the Management Board. “Our innovative strength, our quality demands and the will to continuously develop the company are decisive factors in our success. Our products and solutions let us help shape the transition from fossil technologies to climate-neutral technologies and make a better future possible. This is another aspect we want our campaign to emphasize.”
“We want our communications work to fundamentally increase awareness and highlight the significance of our semiconductor technologies and of Infineon itself among the general public. Our corporate anniversary is of course an important occasion to do just that,” says Florian Martens, Chief Communications Officer. “Our campaign addresses our target groups around the world in an emotional manner. Involving the employees also strengthens the sense of identification with the company.”
As part of the central motto “Matters to me”, testimonials from customers, employees, end-users and others document the significance which semiconductors from Infineon have for them. This includes technical aspects, but also highly personal insights. Thus for example the manager of a French automobile component supplier shares what she finds important about working together with partners like Infineon to drive the decarbonization of the automotive industry forward.
While the “Matters to me” motto forms a global framework, the campaign also leaves room for topically oriented regional focus areas. Infineon is disseminating the campaign in its 360° brand strategy via all online and offline channels and is integrating the campaign in existing communications planning. Accordingly, previously planned event formats will be conducted as milestones in the anniversary campaign well into the fall. The campaign web page is available at https://www.infineon.com/25years.
Original – Infineon Technologies
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Ideal Power Inc. reports results for its first quarter ended March 31, 2025.
“We had a strong start to the year as we completed SSCB prototypes related to our first design win three months ahead of schedule. We expect industrial markets, particularly the SSCB market, to be the earliest source of our initial sales ramp starting in the second half of this year. In addition, based on positive feedback from Stellantis, we expect to not only continue advancing the drivetrain inverter program but also add a new high priority program for EV contactors,” stated Dan Brdar, President and Chief Executive Officer of Ideal Power. “I am excited to announce today that we secured an order from a third Forbes Global 500 power management market leader interested in B-TRAN® for circuit protection for power distribution systems with a focus on DC microgrids for solar and wind.”
Brdar continued, “We expect minimal impact from recently enacted tariffs, although the situation remains dynamic with rapidly changing tariffs and trade policies. Power semiconductors are exempt from most tariffs currently in effect, including those applicable to the countries where we fabricate B-TRAN® wafers.”
Key First Quarter and Recent Operational Highlights
Execution to B-TRAN® commercial roadmap continues, including:
- Completed solid-state circuit breaker (SSCB) prototypes related to the first design win three months ahead of schedule. The customer completed their initial prototype testing and Ideal Power continues to collaborate with this customer on their first B-TRAN®-enabled SSCB product.
- Potential new EV contactor program with Stellantis is advancing through their internal approval process. This would be the second program with Stellantis in addition to the drivetrain inverter program.
- Secured order from Forbes Global 500 leader in diverse power management markets. The customer purchased a SSCB evaluation board inclusive of discrete B-TRAN® devices. Now engaged with three Forbes Global 500 power management market leaders.
- Sekorm Advanced Technology (Shenzhen) Co., Ltd., a demand-creation distributor of Ideal Power, secured an order for discrete B-TRAN® devices, SymCool® power modules and SSCB evaluation boards from a new customer for SSCB applications.
- Shipped SSCB evaluation boards and discrete B-TRAN® devices to several potential design win customers.
- Secured sales representative partnership with Queensland Semiconductor Technologies (aka Quest Semi) which expands company’s reach into key markets in Europe and Asia. Ideal Power’s products will be a complementary offering for Quest Semi to sell into their existing and prospective customer base along with their own product portfolio.
- B-TRAN® Patent Estate: Currently at 94 issued B-TRAN® patents with 45 of those issued outside of the United States and 70 pending B-TRAN® patents. Current geographic coverage includes North America, China, Taiwan, Japan, South Korea, India, and Europe.
First Quarter 2025 Financial Results
- Cash used in operating and investing activities in the first quarter of 2025 was $2.1 million compared to $2.0 million in the first quarter of 2024.
- Cash and cash equivalents totaled $13.7 million at March 31, 2025.
- No long-term debt was outstanding at March 31, 2025.
- Commercial revenue was $12,003 in the first quarter of 2025 compared to $78,739 in the first quarter of 2024.
- Operating expenses in the first quarter of 2025 were $2.8 million compared to $2.5 million in the first quarter of 2024 driven primarily by higher research and development spending.
- Net loss in the first quarter of 2025 was $2.7 million compared to $2.5 million in the first quarter of 2024.
Original – Ideal Power
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Navitas Semiconductor will host an “AI Tech Night” event in Taipei, Taiwan, bringing together industry experts, supply chain partners, and technology developers for keynote speeches, demonstrations, and interactive discussions. The event will focus on how high-power GaNSafe™ and GeneSiC™ technologies are transforming AI data center infrastructure by overcoming efficiency and power density challenges to meet the growing power demands of AI and hyperscale data centers. Navitas will debut its next-generation OCP data center power supply unit (PSU) reference design, which has been ‘designed for production’ and achieves the world’s highest power density, performance, and efficiency.
With each GPU power exceeding 1,000W and AI cluster computing demand doubling every three months, traditional power supply technologies are struggling to keep pace with the evolving needs for energy efficiency and power density in AI infrastructure. Navitas’ GaN and SiC solutions will showcase the breakthrough of conventional architectural limitations and enable more efficient, high-density, and sustainable data center development.
Navitas ‘AI Power Roadmap’ was created in 2023, focusing on next-generation AI data center power delivery. The initial PSU was a high-speed, high-efficiency 2.7 kW CRPS (common redundant power supply), which offered 2x higher power density and a 30% reduction in energy loss. A 3.2kW CRPS followed, achieving a 40% smaller size than best-in-class, legacy silicon solutions for power-hungry AI and Edge computing. Next was the world’s highest-power-density 4.5kW CRPS, achieving 137W/in3 and an efficiency of over 97%. In November 2024, Navitas released the world’s first 8.5kW AI data-center power supply powered by GaN and SiC that could meet 98% efficiency, complying with the Open Compute Project (OCP) and Open Rack v3 (ORv3) specifications. Additionally, Navitas created IntelliWeave, a patented new digital control technique that, when combined with high-power GaNSafe and Gen 3-Fast SiC MOSFETs, enables PFC peak efficiencies of 99.3% and reduces power losses by 30% compared with existing solutions.
Navitas will also highlight the world’s first mass-produced 650V Bi-Directional GaNFast™ power ICs and IsoFast™ high-speed isolated gate drivers. These technologies drive a paradigm shift from traditional two-stage to single-stage power topologies, optimizing data center power supply design, reducing form factors, and increasing rack space utilization.
“The exponential growth of AI computing power poses stringent challenges for data center infrastructure. The debut of our latest AI data center PSU achieves dual breakthroughs in efficiency and power density, demonstrating Navitas’ continuous innovation in GaN and SiC technologies and deep understanding of the data center industry”, said Charles Zha, SVP and APAC GM of Navitas. “With years of focus on the Asia-Pacific market, we remain committed to aligning cutting-edge technologies with local needs and industry strengths. We look forward to collaborating with industry partners to explore how GaN and SiC innovation can drive efficiency and density upgrades in AI data centers, ensuring computing development progresses along with a sustainable future.”
The “AI Tech Night” will take place on May 21st, 2025, 6:30 pm-9:00 pm, at the Courtyard by Marriott Taipei. To participate in the ‘AI Tech Night’ event, please contact info@navitassemi.com.
Original – Navitas Semiconductor
