Applied Materials, Inc. reported results for its first quarter ended Jan. 26, 2025. Revenue was $7.17 billion, up 7% year over year. GAAP gross margin was 48.8% and non-GAAP gross margin 48.9%. GAAP operating margin was 30.4% and non-GAAP operating margin 30.6%. GAAP EPS was $1.45 and non-GAAP EPS $2.38, down 40% and up 12% year over year, respectively. Applied Materials generated $925 million in cash from operations and distributed $1.64 billion to shareholders, including $1.32 billion in sh...