Applied Materials, Inc. is a leader in materials engineering solutions used to produce virtually every semiconductor in the world. The company designs, develops, manufactures and services the wafer fabrication tools that customers need to make integrated circuits. Its products enable advances in artificial intelligence, internet of things, robotics, electric and autonomous vehicles and clean energy by supporting the production of chips used in personal computers, mobile phones, data centers, automobiles and consumer electronics.

Applied Materials, Inc. generates revenue primarily from the sale of semiconductor manufacturing equipment and related services. The Semiconductor Systems segment sells equipment for patterning, transistor and interconnect formation, process control, metrology, inspection and advanced packaging. The Applied Global Services segment provides spare parts, maintenance services, factory automation software and, until the move to Semiconductor Systems in fiscal 2026, 200mm equipment for legacy nodes. Together these offerings serve a global customer base of semiconductor manufacturers and, to a lesser extent, display panel producers.

The company operates through the following segments.

• Semiconductor Systems: This segment designs, develops, manufactures and sells a comprehensive portfolio of wafer fabrication equipment used across the chip making process, including patterning systems, transistor and interconnect technologies, process control tools with optical and eBeam capabilities, metrology and inspection systems, and advanced packaging solutions for heterogeneous integration. It serves customers in the foundry, logic, DRAM and NAND markets, addressing both leading edge nodes of seven nanometers and smaller and nonleading edge applications such as internet of things, communications, automotive, power and sensors.

• Applied Global Services: This segment provides spare parts, maintenance and repair services, factory automation software and, prior to its transition to the Semiconductor Systems segment in fiscal 2026, 200mm equipment for legacy node customers. Its offerings are intended to optimize the performance, uptime and productivity of installed semiconductor equipment worldwide, supported by a global distribution network and field engineers located near customer sites.

Applied Materials, Inc. holds a leading position in the semiconductor capital equipment industry due to its broad product portfolio, deep materials expertise and ability to cooptimize technologies across process steps. While it faces competition from other global equipment providers as well as regional players that may benefit from local incentives, its strong research and development pipeline, extensive service network and reputation for reliability give it a competitive advantage in meeting evolving customer demands for higher performance, lower power consumption and improved manufacturing yields.

Applied Materials, Inc. serves a diverse customer base that includes leading semiconductor foundries, logic integrated circuit manufacturers and memory producers specializing in DRAM and NAND flash. The company also supplies equipment to display panel makers. In fiscal 2025, two customers accounted for approximately 19% and 15% of its net revenue, underscoring the concentration of sales among a few large accounts.