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Applied Materials, Inc. announced its financial results for the fourth quarter and fiscal year ended October 26, 2025. The company delivered its sixth consecutive year of growth, driven by strong demand in advanced semiconductors and wafer fabrication equipment fueled by ongoing AI adoption.
President and Chief Executive Officer Gary Dickerson commented, “As AI adoption drives substantial investment in advanced semiconductors and wafer fab equipment, Applied Materials delivered its sixth consecutive year of growth in fiscal 2025. We are well positioned at the highest value technology inflections in the fastest growing areas of the market, enabling us to extend our leadership in leading-edge logic, DRAM, and advanced packaging as next-generation technologies ramp in volume production over the coming years.”
Brice Hill, Senior Vice President and Chief Financial Officer, added, “Based on our conversations with our customers and partners, we are preparing Applied’s operations and service organizations to be ready to support higher demand beginning in the second half of calendar 2026. We have targeted our R&D investments to create new products and technologies that will enable even faster and more energy-efficient transistors, chips, and systems and drive our growth in the years ahead.”
Fourth Quarter and Fiscal Year 2025 Results:
Metric Q4 FY2025 Q4 FY2024 FY2025 FY2024 Q4 YoY Change FY YoY Change Net Revenue $6.80 billion $7.05 billion $28.37 billion $27.18 billion -3% +4% Gross Margin 48.0% 47.3% 48.7% 47.5% +0.7 pts +1.2 pts Operating Margin 25.2% 29.0% 29.2% 28.9% -3.8 pts +0.3 pts Net Income $1.90 billion $1.73 billion $6.99 billion $7.18 billion +10% -2% Diluted EPS $2.38 $2.09 $8.66 $8.61 +14% +1% Non-GAAP Results:
Metric Q4 FY2025 Q4 FY2024 FY2025 FY2024 Q4 YoY Change FY YoY Change Gross Margin 48.1% 47.5% 48.8% 47.6% +0.6 pts +1.2 pts Operating Margin 28.6% 29.3% 30.2% 29.2% -0.7 pts +1.0 pts Net Income $1.73 billion $1.92 billion $7.61 billion $7.21 billion -10% +6% Diluted EPS $2.17 $2.32 $9.42 $8.65 -6% +9% Free Cash Flow $2.04 billion $2.17 billion $5.70 billion $7.49 billion -6% -24% Business Outlook for Q1 FY2026:
- Total net revenue expected to be approximately $6.85 billion, plus or minus $500 million
- Non-GAAP diluted earnings per share projected at $2.18, plus or minus $0.20
Applied Materials continues to align its investments and operational capacity with the expected growth in demand for advanced semiconductor solutions, preparing to support increased customer needs in the second half of 2026.
Original – Applied Materials
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Semiconductor Manufacturing International Corporation has announced its consolidated financial results for the third quarter ended September 30, 2025.
Third Quarter 2025 Highlights:
- Revenue reached $2,381.8 million, an increase from $2,209.1 million in Q2 2025 and $2,171.2 million in Q3 2024.
- Gross profit was $522.8 million, compared to $449.8 million in the previous quarter and $444.2 million in the same period last year.
- Gross margin rose to 22.0%, up from 20.4% in Q2 2025 and 20.5% in Q3 2024.
- Capacity utilization rate improved to 95.8%, increasing by 3.3 percentage points sequentially.
According to unaudited figures, revenue for the first three quarters of 2025 totaled $6,838 million, marking a 17.4% increase compared to the same period in 2024. The gross margin for the nine-month period reached 21.6%, up 5.3 percentage points year-over-year.
Outlook for Q4 2025:
SMIC expects revenue to remain flat or increase by up to 2% quarter-over-quarter. The gross margin is projected to range from 18% to 20%, reflecting continued efforts to optimize operations amid evolving market conditions.
Management attributed the strong third-quarter performance to sustained customer demand and efficient utilization of manufacturing capacity. The company continues to monitor global market trends and remains focused on operational excellence to support long-term growth.
Original – Semiconductor Manufacturing International Corporation
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Infineon Technologies AG has announced its financial results for the fourth quarter and full fiscal year 2025, which ended on 30 September 2025. Despite macroeconomic headwinds and ongoing geopolitical uncertainty, the company delivered solid results, demonstrating the resilience of its diversified business model.
Q4 FY 2025 Highlights
- Revenue: €3.943 billion
- Segment Result: €717 million
- Segment Result Margin: 18.2%
Full-Year FY 2025 Highlights
- Revenue: €14.662 billion, down 2% compared to the previous year
- Segment Result: €2.560 billion
- Segment Result Margin: 17.5%
- Adjusted earnings per share: €1.39
- Negative Free Cash Flow of €1.051 billion, due to the acquisition of Marvell’s Automotive Ethernet business
- Adjusted Free Cash Flow (excluding strategic investments): €1.803 billion
CEO Commentary
“Infineon has met expectations in the 2025 fiscal year despite challenging macroeconomic and geopolitical conditions. Our results underline the resilience of our business model,” said Jochen Hanebeck, CEO of Infineon Technologies AG. “In the 2026 fiscal year, we are expecting moderate growth in a still mixed market environment. While momentum in automotive, industrial, and consumer markets remains modest, we are seeing rapid global investment in AI infrastructure, and we anticipate significant growth in demand for our power supply solutions for AI data centers.”Outlook for FY 2026
Based on an assumed exchange rate of US$1.15 to the euro, Infineon projects:- Q1 FY 2026 Revenue: Approximately €3.6 billion
- Q1 Segment Result Margin: Forecast in the mid-to-high teens percentage range
- Full-Year FY 2026 Revenue: Moderate growth expected, despite currency headwinds
- Adjusted Gross Margin: Low-forties percentage range
- Segment Result Margin: High-teens percentage range
- Planned Investments: Approximately €2.2 billion
- Free Cash Flow: Expected at around €1.1 billion
- Adjusted Free Cash Flow (excluding frontend building investments): Estimated at €1.6 billion
Infineon is significantly increasing its AI data center revenue target for fiscal year 2026 to around €1.5 billion, with a long-term market opportunity projected to reach between €8 billion and €12 billion by the end of the decade.
“Our success in the AI infrastructure market will depend on our innovation, speed of development, manufacturing capabilities, and close customer relationships,” Hanebeck added. “These strengths position us well to capture opportunities in this high-growth segment.”
Infineon continues to focus on technology leadership in power semiconductors, automotive solutions, and industrial applications as it navigates a complex but opportunity-rich global market environment.
Original – Infineon Technologies
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GlobalFoundries Inc. has announced its preliminary financial results for the third quarter ended September 30, 2025, highlighting strong performance across revenue, profitability, and cash flow metrics. The company also shared recent business milestones that reinforce its strategic position in key semiconductor markets.
Third Quarter 2025 Financial Highlights
- Revenue: $1.688 billion
- Gross margin: 24.8%, with non-IFRS gross margin at 26.0%
- Operating margin: 11.6%, with non-IFRS operating margin at 15.4%
- Net income: $249 million, with non-IFRS net income at $232 million
- Diluted earnings per share: $0.44, with non-IFRS diluted EPS at $0.41
- Adjusted EBITDA (non-IFRS): $573 million
- Cash, cash equivalents, and marketable securities: $4.2 billion
- Cash flow from operations: $595 million
- Adjusted free cash flow (non-IFRS): $451 million
“GF delivered a strong third quarter, with revenue, gross margin, operating margin, and earnings per share at the high end of the guidance ranges,” said Tim Breen, CEO of GlobalFoundries. “We continue to see momentum across key applications including automotive, communications infrastructure, and data centers. Our improved product mix is contributing to enhanced profitability, and we are encouraged by the continued interest in our silicon photonics and FDX platforms.”
Recent Business Developments
- In August, GlobalFoundries launched volume production of its Complementary Bi-CMOS (CBIC) platform, a high-performance silicon germanium (SiGe) process optimized for markets requiring energy-efficient, high-speed connectivity such as wireless infrastructure, smartphones, satellite communications, and industrial IoT.
- In October, the company expanded its partnership with Silicon Labs to manufacture wireless SoCs on GF’s new 40nm Ultra Low Power platform at its Malta, New York facility. This builds on its manufacturing footprint in Singapore and Germany and enhances U.S.-based chip supply capabilities.
- Supported by funding under the European Chips Act, GF also announced plans to scale its Dresden facility to produce more than one million wafers annually by the end of 2028. This investment will position the site as the largest of its kind in Europe and support long-term partnerships with customers including NXP, Infineon, Aumovio, and Bosch.
GlobalFoundries continues to execute on its strategy of enabling high-value semiconductor platforms tailored for growth markets, while maintaining financial discipline and expanding global capacity. The company remains focused on long-term innovation across differentiated technologies and regional manufacturing capabilities.
Original – GlobalFoundries
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CVD Equipment Corporation has announced its financial results for the third quarter ended September 30, 2025, alongside the initiation of a comprehensive transformation strategy aimed at enhancing operational efficiency and achieving sustainable profitability.
Third Quarter 2025 Financial Highlights
- Orders totaled $2.2 million, primarily driven by demand for gas delivery systems within the SDC segment.
- Revenue was $7.4 million, down 9.6% from the prior-year quarter. Year-to-date revenue reached $20.8 million, reflecting a 7.1% increase over the same period in 2024. The quarterly decline was attributed to reduced revenue from the MesoScribe product line, which ceased operations in 2024.
- Backlog stood at $8.0 million as of September 30, 2025, compared to $13.2 million at the end of the second quarter.
- Gross margin improved significantly to 32.7%, up from 21.5% in Q3 2024, due to a more favorable contract mix in the CVD Equipment segment.
- Net income was $384,000, or $0.06 per basic and diluted share, up from $203,000 or $0.03 per share in the third quarter of 2024.
- Cash and cash equivalents were $8.4 million as of September 30, 2025, compared to $12.6 million at the end of 2024.
Manny Lakios, President and CEO of CVD Equipment Corporation, noted that booking levels were affected by various external factors, including proposed tariffs, reduced U.S. government funding for universities, and the government shutdown. He emphasized the company’s ongoing efforts to adapt to changing market conditions and geopolitical developments.
Strategic Transformation Plan
On November 6, 2025, the company’s Board of Directors approved a set of initiatives to reduce fixed operating costs and increase organizational agility. The plan includes:
- A transition from vertically integrated fabrication to outsourced manufacturing for select components within the CVD Equipment business.
- Workforce reduction within the CVD Equipment division, expected to be completed by December 31, 2025, which is projected to yield approximately $2.0 million in annual cost savings beginning in fiscal 2026. The SDC division will remain unaffected.
- A revised sales strategy that introduces external distributors and sales representatives to complement the internal sales team and expand market reach.
- Exploration of strategic alternatives, including potential divestitures of non-core business lines or assets.
“These strategic initiatives will enable our company to operate more efficiently as we focus on our core competencies of engineering design, assembly, test, installation, and customer service,” said Lakios. “We continue to target high-growth applications in aerospace and defense, industrial markets including silicon carbide on graphite, high-power SiC electronics, and EV battery materials. Our long-term strategy remains focused on expanding in markets where our technologies provide critical value.”
The company reaffirmed its commitment to achieving profitability and positive cash flow through targeted operational improvements and market-driven execution.
Original – CVD Equipment
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Veeco Instruments Inc. has reported its financial results for the third quarter ended September 30, 2025. The company delivered solid performance amid continued demand in semiconductor markets, particularly those driven by artificial intelligence and high-performance computing applications.
According to U.S. generally accepted accounting principles (GAAP), Veeco reported revenue of $165.9 million for the third quarter of 2025, compared to $184.8 million in the same period last year. GAAP net income for the quarter was $10.6 million, or $0.17 per diluted share, down from $22.0 million or $0.36 per diluted share in Q3 2024.
On a non-GAAP basis, the company reported operating income of $23.1 million, compared to $31.0 million a year earlier. Non-GAAP net income for the quarter was $21.8 million, or $0.36 per diluted share, compared to $28.3 million or $0.46 per diluted share in the third quarter of 2024.
“Veeco’s strong financial results this quarter reflect continued momentum in the semiconductor market driven by AI and high-performance computing,” said Bill Miller, Ph.D., Chief Executive Officer of Veeco. “We are also excited about new product traction in our MOCVD business. We have won multiple orders for our 300 mm gallium nitride single wafer and arsenide phosphide batch systems.”
Dr. Miller also noted the strategic importance of the pending merger with Axcelis Technologies, Inc., which is expected to broaden Veeco’s technology portfolio and expand market opportunities. “The merger marks a significant step to better serve our customers and to deliver long-term value through an enhanced product offering and scale,” he added.
Outlook for Q4 2025
For the fourth quarter of 2025, Veeco expects:
- Revenue in the range of $155 million to $175 million
- GAAP diluted earnings (loss) per share in the range of ($0.07) to $0.05
- Non-GAAP diluted earnings per share in the range of $0.16 to $0.32
Veeco remains focused on executing its strategic initiatives and leveraging its technology leadership in compound semiconductors, wafer processing, and emerging growth markets.
Original – Veeco Instruments
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Vishay Intertechnology, Inc. has announced financial results for the fiscal third quarter ended September 27, 2025.
The company reported third-quarter revenue of $790.6 million. Gross margin was 19.5 percent, which included an approximate 150 basis point negative impact related to its Newport operations. Vishay reported a GAAP loss per share of $(0.06) and an adjusted earnings per share of $0.04.
The company’s book-to-bill ratio for the quarter was 0.97, with a ratio of 0.96 for semiconductors and 0.98 for passive components. The backlog at quarter-end stood at 4.4 months.
“Our third quarter revenue growth demonstrates Vishay’s alignment with high-growth markets including smart grid infrastructure, AI-related power requirements, automotive, and aerospace/defense, while the market overall continues to gradually recover,” said Joel Smejkal, President and CEO of Vishay. “The heavy investments in capacity expansion we have made over the past three years are enabling Vishay to capitalize on market upcycles in these high-growth segments, reliably meeting quick-turn delivery requirements while maintaining competitive lead times.”
For the fourth quarter of 2025, Vishay expects revenue in the range of $790 million, plus or minus $20 million. Gross profit margin is projected to be approximately 19.5 percent, plus or minus 50 basis points. This guidance includes an expected 150 to 175 basis point negative impact related to Newport.
Original – Vishay Intertechnology
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Magnachip Semiconductor Corporation has announced its financial results for the third quarter of 2025, delivering performance in line with guidance while executing key initiatives to improve operational efficiency and focus on its core power semiconductor business.
Consolidated revenue from continuing operations, which includes the Power Analog Solutions (PAS) and Power IC (PIC) businesses, was $45.9 million, falling near the mid-point of the company’s guidance range of $44.0 to $48.0 million. Gross profit margin from continuing operations was 18.6 percent, also within guidance, though at the low end of the 18.5 to 20.5 percent range.
Product revenue from the Communications segment showed strong momentum, growing 34 percent sequentially and 95 percent year-over-year.
Recent operational and strategic highlights include:
- Execution of several cost-reduction initiatives, including a headcount reduction program, which are expected to generate approximately $2.5 million in annualized savings
- A revised investment plan for the Gumi fab upgrade, reducing capital expenditures by over 50 percent compared to the previously forecasted $65 to $70 million over the next two years
- Introduction of 30 new-generation PAS products in the first nine months of 2025, with plans to launch at least 20 more in the fourth quarter
- Signing of a strategic agreement with Hyundai Mobis to expand Magnachip’s industrial business through co-developed IGBT technology
Camillo Martino, Chief Executive Officer of Magnachip, stated:
“Our top priority is to stabilize our financial position and establish a solid foundation for business recovery. At the same time, we have restructured our go-to-market organization and are revitalizing our product portfolio to enhance our competitiveness, particularly in China. In the first three quarters of 2025, we launched 30 new-generation products, compared to only two during the same period in 2024. We currently plan to launch at least another 20 by year-end, bringing our total for 2025 to at least 50, compared to just four in all of 2024.”He added, “We recognize that we are entering a challenging period ahead as we right-size into a pure-play power products company. However, we believe that we are moving in the right direction and are committed to exploring all strategic options to position Magnachip for success.”
Original – Magnachip Semiconductor
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Axcelis Technologies, Inc. has announced financial results for the third quarter ended September 30, 2025, reporting better-than-expected sales and earnings, along with record revenue in its Customer Support and Innovation (CS&I) segment.
Third quarter revenue was $213.6 million. GAAP gross margin was 41.6 percent, while non-GAAP gross margin came in at 41.8 percent. GAAP operating margin was 11.7 percent and non-GAAP operating margin reached 18.2 percent. GAAP diluted earnings per share were $0.83, and non-GAAP diluted earnings per share were $1.21.
President and CEO Russell Low stated, “We delivered another solid quarter, with sales and earnings both exceeding our expectations. We are also pleased to report record CS&I revenue in the quarter, reflecting the success of our aftermarket strategy and the continued expansion of our installed base. We are executing on our product development roadmap and customer engagement initiatives with focus and urgency, while maintaining disciplined cost controls. These actions have enabled us to successfully navigate the anticipated cyclical digestion period across our markets in 2025.”
Low continued, “We entered the fourth quarter with a solid financial foundation and are well poised to execute on our strategy as we enter into our next chapter of growth and innovation. Our recently announced merger with Veeco Instruments marks a critical milestone that we believe will position the combined company to capitalize on powerful secular tailwinds including AI and electrification. By bringing our two companies together, we believe we are building a leading semiconductor equipment company with the capabilities, resources, and financial foundation to drive sustainable growth and value creation for shareholders and deliver meaningful benefits to all stakeholders.”
Executive Vice President and Chief Financial Officer Jamie Coogan added, “We generated robust operating leverage through higher volume and disciplined cost management, translating into strong free cash flow. With over $590 million in cash and investments on the balance sheet, Axcelis has ample flexibility to capitalize on our value-enhancing strategic initiatives and long-term growth priorities.”
Key Q3 2025 Financial Highlights:
- Revenue: $213.6 million (compared to $256.6 million in Q3 2024)
- GAAP gross margin: 41.6% (vs. 42.9% in Q3 2024)
- GAAP operating margin: 11.7% (vs. 18.3%)
- GAAP net income: $26.0 million (vs. $48.6 million)
- GAAP diluted EPS: $0.83 (vs. $1.49)
- Non-GAAP gross margin: 41.8% (vs. 43.0%)
- Non-GAAP operating margin: 18.2% (vs. 21.7%)
- Adjusted EBITDA: $43.2 million (vs. $59.7 million)
- Non-GAAP net income: $37.9 million (vs. $56.2 million)
- Non-GAAP diluted EPS: $1.21 (vs. $1.72)
For the fourth quarter ending December 31, 2025, Axcelis expects revenue of approximately $215 million. GAAP diluted earnings per share are projected at approximately $0.76, with non-GAAP earnings per share expected to be approximately $1.12.
Original – Axcelis Technologies
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FINANCIAL RESULTSNavitas Reports Third Quarter 2025 Results and Accelerates Strategic Pivot Toward High-Power Markets
November 4, 2025
2 Min ReadNavitas Semiconductor has announced unaudited financial results for the third quarter ended September 30, 2025.
Chris Allexandre, President and CEO of Navitas, commented, “I’m excited to be leading the Navitas 2.0 team at this pivotal moment, as demand accelerates across high-power semiconductor markets including AI data centers, performance computing, energy infrastructure, and industrial electrification. Our decade-long leadership in GaN and high-voltage SiC technologies positions us strongly to capitalize on these megatrends. With a clear strategic shift from lower-margin consumer and mobile markets to more sustainable and profitable high-power segments, we are executing focused changes in resource allocation, product development, and go-to-market strategy to drive long-term value for customers, employees, and shareholders.”
Financial highlights for the third quarter of 2025:
- Total revenue was $10.1 million, compared to $21.7 million in the third quarter of 2024 and $14.5 million in the second quarter of 2025
- GAAP loss from operations was $19.4 million, improving from a loss of $29.0 million in Q3 2024 and $21.7 million in Q2 2025
- Non-GAAP loss from operations was $11.5 million, compared to $12.7 million in Q3 2024 and $10.6 million in Q2 2025
- Cash and cash equivalents totaled $150.6 million as of September 30, 2025
Market, technology, and customer developments:
- Recognized by NVIDIA as a power semiconductor partner supporting its next-generation 800V DC AI factory architecture, reflecting Navitas’ leadership in GaN and high-voltage SiC technologies
- Expanded portfolio with newly launched 100V and 650V GaNFast FETs, GaNSafe ICs, and high-power SiC products tailored for AI power infrastructure
- Currently sampling 2.3kV and 3.3kV SiC modules to energy storage and grid-infrastructure customers
Near-term outlook:
For the fourth quarter of 2025, net revenue is projected to be approximately $7.0 million, plus or minus $0.25 million. This reflects the company’s decision to deprioritize lower-margin mobile and consumer businesses in China, streamline its distribution network, and reduce channel inventory in preparation for growth in high-power markets. Non-GAAP gross margin is expected to be around 38.5 percent, plus or minus 50 basis points. Non-GAAP operating expenses are expected to be approximately $15.0 million.
Navitas emphasized that these strategic moves are designed to align its product mix with long-term industry demand trends and strengthen its presence in key markets such as AI computing, industrial electrification, and renewable energy.
Original – Navitas Semiconductor
