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Aug 14, 2025
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Applied Materials fell 15% to $161.84 despite the semiconductor equipment and materials engineering company reporting an increase in revenue and earnings in the fiscal third quarter ending on July 27.
Consolidated revenue increased to $7.30 billion from $6.78 billion, net income inched higher to $1.77 billion from $1.70 billion, and diluted earnings per share rose to $2.22 from $2.05 a year ago.
During the quarter, Applied Materials returned a total of $1.42 billion to shareholders through share repurchases and dividends, including the repurchase of 1.05 billion shares of common stock.
Applied Materials guided fiscal fourth quarter revenue to be $6.7 billion, with a band of $500 million, compared to $7.30 billion and non-GAAP diluted earnings per share to be $2.11, with a band of 20 cents, compared to $2.48 a quarter earlier, respectively.
“We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,” said Brice Hill, Senior Vice President and CFO.
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