AMAT: AI-driven compute innovation and co-innovation at EPIC Center are set to reshape the semiconductor industry

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 (AMAT) reports that AI is driving significant growth in semiconductor demand, with 80% of its wafer-fab equipment growth tied to AI-driven areas. The company's advanced-packaging business is growing over 50% this year, and it holds the No. 1 position in key segments. AMAT is investing $5 billion in its EPIC Center to accelerate semiconductor technology development and commercialization.

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.