1. Applied Materials achieved record Q3 FY2025 revenue of $7.3 billion, an 8% YoY increase, with improved GAAP/non-GAAP gross margins (48.8%/48.9%) and EPS growth; 2. The company anticipates Q4 revenue decline due to China market digestion and non-linear demand from leading-edge customers; 3. Despite near-term uncertainties, management remains confident in long-term semiconductor industry growth and the company's strategic positioning.