-
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
-
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
-
LATEST NEWS2 Min Read
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
-
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
-
GaN / LATEST NEWS / SiC / WBG3 Min Read
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
-
LATEST NEWS2 Min Read
Navitas Semiconductor announced the appointment of Cristiano Amoruso to the company’s board of directors, effective immediately.
Mr. Amoruso most recently served as Chief Executive Officer of Suniva, Inc., the largest private U.S.-based manufacturer of solar photovoltaic semiconductors, and as a partner at Lion Point Capital, L.P., a global investment firm. He is an accomplished investor with significant operating expertise and a strong track record of value creation in the technology and renewable energy industries across public and private companies.
“We are glad to welcome Cristiano to the board at this pivotal time for Navitas,” said Richard Hendrix, chair of the Navitas board. “Cristiano brings meaningful experience driving growth at semiconductor companies, and we are confident he will contribute to our efforts to capture the multi-billion dollar market opportunity ahead of us. Importantly, Cristiano’s appointment builds on our recent actions to strengthen our corporate governance and accelerate our path to profitability for the benefit of our stockholders.”
Mr. Amoruso commented, “Navitas’ gallium nitride (GaN) and silicon carbide (SiC) products have tremendous untapped potential and are accelerating a paradigm shift across the entire technology hardware industry, especially in power intensive applications like datacenters, solar power plants and electric vehicles. I am excited to join the Navitas board and look forward to working with management and my fellow directors to create long-term value.”
In connection with his appointment to the board, Mr. Amoruso will stand for election as an independent Class I director at the company’s 2025 annual stockholders’ meeting along with Gene Sheridan and Ranbir Singh. Additional details will be provided in Navitas’ definitive proxy statement for the meeting to be filed with the U.S. Securities and Exchange Commission (SEC).
Original – Navitas Semiconductor
-
Nexperia announced its financial results for the fiscal year 2024. Amid persistent macroeconomic uncertainty and cyclical market softness, the company demonstrated resilience, achieving stable revenues and maintaining profitability through a strong focus on execution and a commitment to innovation.
Nexperia closed the 2024 financial year with a total revenue of $2.06 billion. The market share, in defined markets, increased to 9.7%, up from 8.9% in 2023. For the coming year, the company maintains a positive outlook, supported by improving gross margin and cash flow. These positive trends, already evident in Q4 2024 and continuing into Q1 2025, reflect early signs of recovery and renewed operational momentum, with Net Income surpassing Q1’24 by +$32 million.
During the reporting year, Nexperia celebrated key milestones that underscored its commitment to technological innovation and long-term growth. Most notably, the company marked the 100th anniversary of its Hamburg site in Germany – a historic hub of engineering excellence. In recognition of this legacy, Nexperia made substantial investments in next-generation manufacturing capabilities, specifically in Silicon Carbide (SiC) and Gallium Nitride (GaN) technologies.
As part of its long-term strategy, Nexperia also continues to increase its R&D spending, which grew by 6.2% in 2024. This underscores the company’s focus on advancing high-performance semiconductors for automotive, industrial, and energy-efficient applications. This investment supports innovation in wide-bandgap technologies such as SiC and GaN, as well as upgrading and expanding our product portfolio in Power Discretes, Modules, Analog & Power ICs.
2024 was also a year of transition and transformation. Strategic changes included the realignment of business groups to sharpen focus on innovation and value creation, as well as the addition of new executive leadership to guide the next phase of development.
Nexperia’s guidance for the next year acknowledges that the market will continue to present challenges, but the company expects to maintain financial momentum, amplified by ongoing improvements in operational efficiency and a strong position in the automotive sector. Given the essential role of semiconductors in the global megatrends of electrification, digitalization, automation, and green energy transition, Nexperia is well-positioned to capitalize on long-term demand. For example in AI – the demand for semiconductors in AI servers is surging, driven by the exponential growth of artificial intelligence applications across industries. Nexperia sees opportunities in servers, smartphones, computers and industrial automation.
“We anticipate that shifts in global demand, particularly in the electronics and automotive sectors, will have a greater impact than any direct regulatory measures”, said Stefan Tilger, CFO of Nexperia. “As customers reevaluate their production strategies, a flexible response will be essential. While trade dynamics and pricing pressure continue to influence the industry, Nexperia benefits from a robust global infrastructure and experienced teams that consistently deliver with reliability, agility, and a focus on innovation. Being externally debt free further strengthens our resilience and ability to invest strategically.”
“At Nexperia, we are proud to play an essential role in enabling a more sustainable future,” said Zhang Xuezheng (Wing), Chairman and CEO of Nexperia. “Our technology powers the systems that drive energy efficiency, electrification, and smarter infrastructure across industries. As global demand for sustainable solutions continues to grow, our business is uniquely positioned to deliver the innovation, scale, and reliability needed to support this transformation. We are encouraged by recent positive developments and remain focused on long-term value creation.”
Nexperia is also committed toward its sustainability goals, ensuring responsible business practices remain central to its strategy. The company aims to be carbon neutral for Scope 1 and 2 emissions by 2035.
Original – Nexperia
-
CVD Equipment Corporation announced its financial results for the first quarter ended March 31, 2025.
Manny Lakios, President and CEO of CVD Equipment Corporation, stated, “First quarter 2025 revenue was $8.3 million, up 69.0% versus the prior year quarter and up 12.2% from the fourth quarter of 2024. Revenue from our CVD Equipment segment was driven by revenue recognized principally from two contracts, one in the industrial market and one in aerospace. Our SDC segment continued to see strong demand for its gas delivery equipment.”
Mr. Lakios added, “With the increased revenue and lower than expected orders in the quarter of $2.8 million, our backlog declined during the quarter from $19.4 million at December 31, 2024 to $13.8 million at March 31, 2025. Our net income for the quarter was $360,000. While the first quarter of 2025 represents the third consecutive quarter of net income, due to the nature of our business we expect that our order and revenue levels will continue to fluctuate given the markets we serve. In addition, the recent imposition of tariffs has presented us with new challenges and uncertainty as such tariffs may affect our costs of components and materials as well as contribute to economic uncertainty which may potentially affect our order rate. We are evaluating the tariff environment and planning accordingly. We are staying the course on our strategic efforts to maintain and grow our order rate, while carefully managing our expenses to achieve our goal of long-term profitability and positive cash flow, while simultaneously focusing on growth and return on investment.”
First Quarter 2025 Financial Performance
- Revenue of $8.3 million, up $3.4 million or 69.0% year over year primarily due to higher system revenues and higher sales of parts and spares in our CVD Equipment segment.
- Gross profit margin was 32.4%, an improvement from 16.2% in the prior year quarter that was primarily the result of overall higher revenues, improved absorption of overhead as well as improved margins on contracts in progress as compared to contracts in progress in the prior year quarter.
- Operating income of $269,000.
- Net income of $360,000 million or $0.05 basic and diluted share, compared to a net loss of $1.5 million or $(0.22) per basic and diluted share for the prior year first quarter.
- Cash and cash equivalents of $10.2 million as of March 31, 2025, as compared to $12.6 million as of December 31, 2024.
First Quarter 2025 Operational Performance
- Orders for the first quarter were $2.8 million, principally from our SDC segment.
- In early April 2025, we received a $1.2 million semiconductor system order in our CVD Equipment segment.
- During the quarter, we implemented a plan to reduce our operating costs to be consistent with current customer demand. This resulted in a reductionin our workforce during the quarter. We continue to evaluate the demand for our products and opportunities to reduce our operating costs.
Original – CVD Equipment
-
Magnachip Semiconductor Corporation announced financial results for the first quarter 2025.
Q1 Results Summary
- Consolidated revenue from continuing operations (which includes Power Analog Solutions (“PAS”) and Power IC (“PIC”) businesses) of $44.7 million was in line with the mid-point of guidance range of $42.0 to $47.0 million. Excluding Transitional Foundry Services, revenue from continuing operations increased 12.1% year-over-year.
- Consolidated gross profit margin from continuing operations of 20.9% was above the high-end of guidance range of 18.5% to 20.5%.
- Repurchased approximately 0.3 million shares for an aggregate purchase price of $1.1 million during the quarter and ended Q1 with cash of $132.7 million.
- Announced the shutdown of Display business, which is now classified as discontinued operations from Q1 2025.
Q1 2025 Highlights
- Q1 was the fourth consecutive quarter of year-over-year growth from continuing operations primarily driven by Power Analog Solutions (PAS) growth in Communications, as well as strength in Power IC.
- PAS revenue from the Communication market was up 64% year-over-year.
- Power IC (PIC) business increased 44.1% year-over-year in Q1 driven by strength for both TV-LED and OLED power ICs.
- Released 27 new-generation PAS products that are ready for commercial sampling.
- 50 design-wins in Q1, up 13.6% from the 44 wins achieved in the year ago quarter. The design-wins include both new generation Gen 6 Super Junction products and low-voltage Gen 8 MOSFETs, as well as prior generation medium-voltage and Super Junction products.
YJ Kim, Magnachip’s CEO, said, “We delivered our fourth consecutive quarter of year-over-year growth from continuing operations, fueled by strong design-wins and momentum in Power Analog Solutions (PAS) and Power IC (PIC). In Q1 alone, we released 27 new-generation PAS products that are fully qualified and ready for commercial sampling, with design-wins spanning the Industrial, Automotive, Consumer, and Communication markets. We currently plan to launch a total of more than 40 new-generation PAS products in 2025 and approximately 55 more in 2026. These innovations not only open new revenue opportunities but are also expected to drive higher gross margins over time. While we remain mindful of geopolitical and macroeconomic uncertainties, we currently forecast sequential and year-over-year growth in revenue for continuing operations of PAS and PIC businesses in Q2.”
YJ Kim added, “Through our 3-3-3 strategy—targeting $300 million in annual revenue, a 30% gross margin, and a three-year execution horizon—we are aligning our product roadmap, R&D investments, and operational priorities to drive structural improvements and sustainable profitability.”
Shinyoung Park, Magnachip’s CFO, said, “In Q1, Magnachip achieved 12.1% year-over-year revenue growth from continuing operations and increased gross margin to 20.9%, up from 17.6% a year ago on an equivalent basis and exceeding the high-end of guidance. We expect to realize significant cost savings from the shutdown of our Display business, resulting in a 30% to 35% reduction in annualized operating expenses. Our balance sheet remains strong, and we are focused on prudent capital allocation as we transition to a more efficient, growth-oriented business model. This structural shift is creating a foundation for sustainable profitability and positions us to create long-term value for shareholders.”
Original – Magnachip Semiconductor