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Applied Materials (AMAT) CEO says services business is growing by more than 20% Y/Y and margins are up 180 bps, while packaging business is expanding by over 70% this year

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Applied Materials projects packaging revenue growth above 70% in 2026, while its services business sustains over 20% expansion, supported by AI-driven chipmaking demand and high fab utilization.

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AMATApplied Materials Inc$468.18Current price

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