Key Takeaways AMAT's NAND sales nearly doubled to $1.41B in FY25, lifting flash memory to 7% of total revenues.Applied Materials benefited from higher customer spending on NAND fab upgrades.Applied Materials benefited from the industry shift to higher-density 3D NAND.Applied Materials’ (AMAT) flash memory or NAND sales nearly doubled to $1.41 billion in fiscal 2025 from the year-ago figure of $747.4 million. Although AMAT has a lower market share in the NAND space, it is gaining prominence. The growth in th ...