花旗集团将应用材料(AMAT.US)目标价从220美元下调至205美元。 ...

Core Viewpoint - The sales and profit outlook for Applied Materials, the largest chip equipment manufacturer in the U.S., is disappointing, raising concerns that trade disputes are suppressing demand [1] Group 1: Financial Performance - Applied Materials expects revenue of approximately $6.7 billion for the fiscal quarter ending October 31, significantly below the analyst average estimate of $7.32 billion [1] - The company anticipates an adjusted earnings per share of $2.11, also lower than the analyst forecast of $2.38 [1] - In the previous fiscal quarter, Applied Materials reported a year-over-year revenue increase of 7.7%, reaching $7.3 billion, which exceeded the analyst average estimate of $7.21 billion [1] - The earnings per share for the last quarter was $2.48, surpassing the expected $2.36 [1] Group 2: Market and Demand Factors - CEO Gary Dickerson indicated a reduction in demand from certain customers and delays in technology export approvals [1] - Ongoing tariff negotiations and other economic factors have led major customers to postpone some purchases [1] - Following the disappointing outlook, Applied Materials' stock price fell by as much as 12% in after-hours trading [1]

Core Viewpoint - Applied Materials (AMAT.US), the largest semiconductor manufacturing equipment producer in the U.S., provided disappointing sales and earnings forecasts, raising concerns about demand suppression due to U.S.-China trade tensions [1][3]. Financial Performance - For Q3 FY2025, Applied Materials reported a revenue of $7.302 billion, an 8% increase from $6.778 billion in Q3 FY2024, exceeding analyst expectations of $7.21 billion [2]. - The adjusted net income for the same period was $1.989 billion, a 13% increase year-over-year, with adjusted earnings per share (EPS) of $2.48, surpassing the expected $2.36 [2]. - The company forecasts Q4 FY2025 revenue to be approximately $6.7 billion, below analyst expectations of $7.32 billion, and adjusted EPS is expected to be around $2.11, also below the anticipated $2.38 [3]. Market Dynamics - Applied Materials' customer base includes major semiconductor manufacturers like TSMC, Samsung, and Intel, making its performance guidance a key indicator of future demand [3]. - The CEO, Gary Dickerson, indicated a decline in demand from Chinese customers and delays in technology export approvals to China, contributing to uncertainty in procurement plans [3][4]. - Competitor Lam Research (LRCX.US) also projected lower revenue for the upcoming quarter, citing reduced spending from Chinese clients following a previous surge in orders [3]. Long-term Outlook - Despite current challenges, the long-term demand for computing power remains strong, with Chinese customers having significantly increased their purchases in recent years, currently in a phase of inventory digestion [4]. Strategic Initiatives - Recently, Applied Materials announced plans to invest over $200 million in a factory in Arizona as part of Apple's expansion of manufacturing in the U.S., reinforcing its position as a key supplier for advanced semiconductor manufacturing [5]. - The company is optimistic about the U.S. government's focus on enhancing domestic semiconductor supply chains [5].

本文源自：金融界AI电报 应用材料美股盘后跌幅扩大至超过13.6%。 ...

格隆汇8月7日｜苹果(AAPL.US)：通过新的美国制造计划与供应商合作，加速美国本土制造。首批美国 本土制造合作伙伴包括康宁、Coherent和环球晶圆美国。首批芯片合作伙伴包括应用材料、德州仪器和 三星。 ...

Core Insights - Applied Materials is collaborating with Apple and Texas Instruments to strengthen the U.S. semiconductor manufacturing supply chain [1] - The company will supply U.S.-made chip manufacturing equipment from Austin, Texas, to Texas Instruments' U.S. facilities [1] - Applied Materials plans to invest over $200 million in a new facility in Arizona for the production of key components for semiconductor equipment [1]

Group 1 - The core viewpoint of the article highlights the recent performance and financial outlook of Applied Materials (AMAT), indicating a decline in stock price and mixed financial results [1][2] - As of July 31, Applied Materials' stock opened down 7.07%, trading at $176.00 per share with a total market capitalization of $141.24 billion [1] - Financial data shows that as of April 27, 2025, Applied Materials reported total revenue of $14.266 billion, reflecting a year-on-year growth of 6.84%, while net profit attributable to shareholders decreased by 11.2% to $3.322 billion [1] Group 2 - On July 28, Barclays raised the target price for Applied Materials to $170, maintaining an Equal Weight rating [2] - The company is set to disclose its Q3 financial results for fiscal year 2025 on August 14, after market close [2] - Applied Materials is recognized as a leader in materials engineering solutions, playing a crucial role in the production of nearly every new chip and advanced display globally, leveraging atomic-level material modification technology [2]