Applied Materials Inc (AMAT.O)_ Management Callback Notes
AMD·2025-02-16 15:28
Flash | 13 Feb 2025 18:46:37 ET │ 10 pages Applied Materials Inc (AMAT.O) Management Callback Notes CITI'S TAKE We spoke with AMAT management post Jan-Q earnings and recap key takeaways. China restriction impact: The company expects ~$400M impact from China, split ~50/50 between equipment and services. ~50% will happen in FQ2, and most of the equipment impact would be in FQ2. There will still be services impact in FQ3 and FQ4 but it does not get larger. On the systems side, AMAT is not able to sell anything ...