AMAT QOct25- Revenue down -7% q/q and -3% y/y to $6.8B’ QJan will grow 2% q/q- Semi systems down -12% q/q and -8% y/y to $4.8B; QJan Semi Systems grow 6% q/q- China share losses become more visible (due to restrictions and domestic competition); 29% of revenue vs 35% in QJul; QJan will be flat at 29%- &gt;20% of China market was restrictive in F25 vs 10% in F24- Expects WFE spending in China to be lower ‘26Source: Sravan Kundojjala