Applied Materials Sees AI Driving Its Biggest Semiconductor Growth Inflection Yet

Applied Materials (AMAT) reports AI-driven semiconductor growth and plans AI products this year. Services unit grows at ~20% CAGR, according to CEO Gary Dickerson. AMAT adds Akash Palkhiwala, former Qualcomm CFO/COO, to its board and Audit Committee on Aug 27, 2026.

Applied Materials, Inc. (AMAT) has appointed Akash Palkhiwala, CFO and COO of Qualcomm, to its board of directors. Palkhiwala brings extensive financial and operational experience in the semiconductor industry. He will also serve on the board's Audit Committee, according to the company.

Applied Materials (AMAT) appointed Akash Palkhiwala, Qualcomm's CFO and COO, to its board and audit committee. Palkhiwala will receive a $100,000 annual retainer, an additional $25,000 for audit committee service, and restricted stock units valued at $250,000, vesting in March 2027. The appointment is effective immediately.

Applied Materials, Inc. (AMAT) highlights AI as a major technological shift, expecting long-term growth in compute demand. The company plans a $5B investment in its EPIC Center to drive co-innovation and commercialization, focusing on material innovation for future industry leadership, according to a recent summit.

Applied Materials (AMAT) reported record revenue of $9.12B, with non-GAAP EPS of $3.50. The company upgraded its Semiconductor Systems revenue expectations for 2026, anticipating growth faster than the broader market. UBS maintained a 'Buy' rating with a $675 price target, citing aggressive capacity expansion and share gains. Q4 revenue is projected at ~$10.25B, with non-GAAP EPS expected at $4.02. Analysts highlight opportunities in high-bandwidth memory and advanced packaging for AI systems, w

Applied Materials reported $9.12B in Q3 2026 revenue, up 25% YoY, but China sales fell to 28% of total. US export controls may cut $600M from 2026 revenue. CEO Gary Dickerson noted China's share of wafer fab equipment market declined to mid-20%. AI demand offset losses, but investors are concerned about future impacts.