Applied Materials sets 2030 targets as AI demand drives equipment spending

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Go back to Applied Materials sets 2030 targets as AI demand drives equipment spending

Applied Materials Set to Outperform as AI Drives Sustained Demand for Wafer Fab Equipment

October 13, 2026 12:45 PM EDT

Company expects strong multi-year growth as global AI infrastructure buildout fuels demand for leading-edge foundry-logic, DRAM and advanced packaging areas where Applied has built market leadershipExpects wafer fab equipment (WFE) spending to grow faster through 2030 than over the past decade; targets more than 2 percentage points of WFE share gain from calendar 2025 to 2030Targets higher profitability through 2030 with non-GAAP gross margin target of approximately 54 percent and non-GAAP operating margin target of approximately 40 percentCommitted to distribute 80 to 100 percent of free cash flow to shareholders over time

SAN FRANCISCO, Oct. 13, 2026 (GLOBE... More