Applied Materials Not Seeing Trade Led Impacts, But JPMorgan Scales Back Estimates -- Market Talk
Dow Jones
May 16, 2025
1057 ET - Applied Materials' results and guidance were in-line, but JPMorgan is scaling back estimates. "We are lowering our FY/CY25 revenue/EPS estimates as we account for a weaker 2H demand profile driven by tariff/trade related dynamics for the overall semi/semicap industry," say analysts Harlan Sur and Peter Peng. The semiconductor-equipment company suggested it's not seeing any pull-forward of demand from future quarters due to tariff-led/trade dynamics nor have customers forecasts changed meaningfully, they add. Applied Materials slides 7%. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 16, 2025 10:57 ET (14:57 GMT)
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