Applied Materials: Returning to a Positive Revenue Growth Trend Applied Materials (NASDAQ:AMAT) primarily develops specialized manufacturing equipment, engineering solutions, and factory automation software that it sells directly to global manufacturing clients who produce integrated circuits for consumer electronics and artificial intelligence systems. While expanding its research ecosystem to eleven active industry engagements and announcing a joint development agreement to create optical lenses for smart glasses, it reported an operating margin of 34% for the quarter ended July 26, 2026.
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