Applied Materials CEO: AI demand drives 8-quarter order visibility
Applied Materials CEO Gary Dickerson stated that the company’s order book extends eight quarters into the future, driven primarily by artificial intelligence compute demand. Speaking at a Goldman Sachs conference, he highlighted that leading-edge foundry logic, DRAM, and advanced packaging are projected to account for roughly 80% of wafer fab equipment growth in 2026 and 2027. The company reported August quarter revenue of $9.12 billion, a 24.8% year-over-year increase, with guidance for the October quarter near $10.25 billion. Dickerson emphasized that DRAM revenue, including HBM packaging, grew 52% year-over-year to record levels, while advanced packaging is expected to expand by more…
Key points
- Applied Materials order book extends eight quarters, driven by AI compute demand and 40% expected growth.
- DRAM and advanced packaging are key growth drivers, with DRAM revenue up 52% year-over-year.
- Peers like ASML and Lam Research corroborate the AI boom by raising capacity and revenue outlooks.
Sources
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