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Applied Materials Q4 FY9/25 Earnings Review

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by JamsODonnell


Summary:

  • Applied Material's 2025 revenue grew 4% to $28.4 billion, masking -7% revenue vs. last quarter and flattish guidance.
  • Large AI ramp in logic and DRAM is then expected to offset weakness in China and ICAPS markets in the second half of 2026.
  • Trade restrictions are hitting AMAT harder than Lam. Technical analysis shows the stock is at resistance. Rating: Hold.