Applied Materials
Sector unknown·AMAT · USA (SEC 10-K)·Fiscal year to 26/10/2025
We are experts in the design, development, production, and servicing of the critical wafer fabrication tools our customers need to manufacture semiconductors.
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Artificial intelligence
Technology
DriverPositive impact: strengthens
“Semiconductors provide the foundation for advances in technology that are reshaping the global economy, including artificial intelligence, the internet of things, robotics, electric and autonomous vehicles, and clean energy.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“The semiconductor industry is driven by demand for advanced electronic products, including smartphones and other mobile devices, servers, personal computers, automotive electronics, storage, and other products. The growth of data and emerging end-market drivers such as artificial intelligence, the internet of things, robotics and smart vehicles are also creating the next wave of growth for the industry.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Research, Development and Engineering Our long-term growth strategy requires continued development of new materials engineering solutions, including products and platforms that enable expansion into new and adjacent markets.”
Annual report 2025A · The company itself
Market
“Our customers’ products are used across personal computing devices, mobile phones, artificial intelligence (AI) and data center servers, automobiles, connected devices, industrial applications and consumer electronics.”
Annual report 2025A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Automation and robotics
Technology
DriverPositive impact: strengthens
“Semiconductors provide the foundation for advances in technology that are reshaping the global economy, including artificial intelligence, the internet of things, robotics, electric and autonomous vehicles, and clean energy.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Research, Development and Engineering Our long-term growth strategy requires continued development of new materials engineering solutions, including products and platforms that enable expansion into new and adjacent markets.”
Annual report 2025A · The company itself
Automotive
End markets
DriverPositive impact: strengthens
“The semiconductor industry is driven by demand for advanced electronic products, including smartphones and other mobile devices, servers, personal computers, automotive electronics, storage, and other products. The growth of data and emerging end-market drivers such as artificial intelligence, the internet of things, robotics and smart vehicles are also creating the next wave of growth for the industry.”
Annual report 2025A · The company itself
Market
“Our customers’ products are used across personal computing devices, mobile phones, artificial intelligence (AI) and data center servers, automobiles, connected devices, industrial applications and consumer electronics.”
Annual report 2025A · The company itself
Semiconductors and electronic components
Raw materials and inputs
DriverPositive impact: strengthens
“Our patterning systems and technologies address challenges resulting from shrinking pattern dimensions and the growing complexity in vertical stacking found in today’s most advanced semiconductor devices.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Our transistor and interconnect products and technologies enable continued power and performance improvements of 3D transistors.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Competition The industries in which we operate are highly competitive and characterized by rapid technological change.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“As a result, products within the Semiconductor Systems segment are subject to significant changes in customer requirements, including transitions to smaller dimensions, increasingly complex chip architectures, new materials and an increasing number of applications.”
Annual report 2025A · The company itself
Market
“We are experts in the design, development, production, and servicing of the critical wafer fabrication tools our customers need to manufacture semiconductors.”
Annual report 2025A · The company itself
Market
“Semiconductor Systems Our Semiconductor Systems segment designs, develops, manufactures and sells a wide range of equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). The Semiconductor Systems segment consists of the semiconductor capital equipment industry’s most comprehensive portfolio of products used in the chip making process.”
Annual report 2025A · The company itself
Market
“Our products address steps across materials engineering, process control and advanced packaging, including the conversion of patterns into device structures, transistor and interconnect fabrication, metrology, inspection and review, and packaging technologies for connecting finished IC die.”
Annual report 2025A · The company itself
Market
“Table of Contents Applied Global Services Our AGS segment provides services, spares and factory automation software to customer fabrication plants globally. Through October 26, 2025, our AGS segment also manufactured and sold 200 millimeter (200mm) and other equipment to customers globally that serve non-leading-edge markets.”
Annual report 2025A · The company itself
Market
“Our Semiconductor Systems sales are to customers that serve the following markets: foundry, logic and other; dynamic random access memory (DRAM); and flash memory (NAND).”
Annual report 2025A · The company itself
Market
“During fiscal 2025, two customers accounted for approximately 19% and 15%, respectively, of our net revenue.”
Annual report 2025A · The company itself
Chains in: Artificial intelligence strengthens
Data centres
Technology
Market
“Our customers’ products are used across personal computing devices, mobile phones, artificial intelligence (AI) and data center servers, automobiles, connected devices, industrial applications and consumer electronics.”
Annual report 2025A · The company itself
Chains in: Artificial intelligence strengthens
Chains out: this strengthens Electricity, strengthens Copper
Business cycle and GDP growth
Macro
DriverMixed impact: mixed
“Our business is based on capital equipment investments by major semiconductor and other manufacturers, and is subject to significant variability in customer demand for our products. Customers’ expenditures depend on many factors, including: general economic conditions; anticipated market demand and pricing for semiconductors and other electronic devices; the development of new technologies; customers’ factory utilization; capital resources and financing; trade policies and export regulations; and government incentives.”
Annual report 2025A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Electrification
Technology
DriverPositive impact: strengthens
“Semiconductors provide the foundation for advances in technology that are reshaping the global economy, including artificial intelligence, the internet of things, robotics, electric and autonomous vehicles, and clean energy.”
Annual report 2025A · The company itself
Chains out: this strengthens Electricity, strengthens Power grid expansion, strengthens Copper
Contract manufacturers as a business (EMS, CMO, CRO)
End markets
InputNegative impact: weakens
“We use qualified vendors, including contract manufacturers, to supply parts, services and product support.”
Annual report 2025A · The company itself
InputNegative impact: weakens
“Accordingly, some key parts may be obtained from only a qualified single supplier or a limited group of qualified suppliers.”
Annual report 2025A · The company itself
Chains in: Biotech and drug development strengthens
Export controls and China relations
Regulation
DriverNegative impact: weakens
“We could see increased competition from domestic equipment manufacturers in China resulting from local government incentives and funding as well as export controls established by the United States government to restrict the sale of certain technologies to customers in China.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Export controls enacted by the United States government that restrict the sale of certain technologies to customers in China may also provide an advantage to our international competitors.”
Annual report 2025A · The company itself
China
Geography
DriverNegative impact: weakens
“We could see increased competition from domestic equipment manufacturers in China resulting from local government incentives and funding as well as export controls established by the United States government to restrict the sale of certain technologies to customers in China.”
Annual report 2025A · The company itself
Tariffs and trade policy
Macro
DriverNegative impact: weakens
“Customers’ expenditures depend on many factors, including: general economic conditions; anticipated market demand and pricing for semiconductors and other electronic devices; the development of new technologies; customers’ factory utilization; capital resources and financing; trade policies and export regulations; and government incentives.”
Annual report 2025A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
Asia and emerging markets
Geography
Geography
“We utilize a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including United States, Singapore, Japan, China, Korea, Taiwan, Israel and other countries in Asia and Europe.”
Annual report 2025A · The company itself
Geography
“Our product development and engineering, and process support are performed primarily in the United States, India and Israel. Our customer demonstrations are performed primarily in the United States, China, Taiwan, Israel and South Korea.”
Annual report 2025A · The company itself
United States
Geography
Geography
“We utilize a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including United States, Singapore, Japan, China, Korea, Taiwan, Israel and other countries in Asia and Europe.”
Annual report 2025A · The company itself
Geography
“Our product development and engineering, and process support are performed primarily in the United States, India and Israel. Our customer demonstrations are performed primarily in the United States, China, Taiwan, Israel and South Korea.”
Annual report 2025A · The company itself
Chains in: USD vs DKK/EUR mixed effect
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 28.37 bn USD |
| Revenue growth vs. the year before, same method | 4.4 % |
| EBITDA reported by the company | 8.72 bn USD |
| Net debt debt incl. leasing minus cash | Net cash 0.29 bn USD |
| Diluted EPS per share | 8.66 USD |
Source: 10-K (SEC) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | ✓ |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (USD), not converted to DKK. Quotes are shown as the company's own words in English.