Applied Materials, Inc. designs, manufactures and services equipment, services and software used to produce semiconductor chips, flat panel displays and other advanced materials and devices worldwide.

# Applied Materials, Inc.

Document: Form 10-K for the fiscal year ended October 26, 2025. The provided excerpt includes the introductory risk-factor language and the table of contents for Part I.

Key items visible in the excerpt:
- Forward-looking statements disclaimer stating such statements are not guarantees and may differ from actual results.
- Guidance to readers to read the information in conjunction with the Consolidated Financial Statements and Notes.
- Table of Contents (partial) for Part I:
  - Item 1: Business
  - Item 1A: Risk Factors
  - Item 1B: Unresolved Staff Comments
  - Item 1C: Cybersecurity
  - Item 2: Properties
  - Item 3: Legal Proceedings
  - Item 4: Mine Safety Disclosures

To produce a fuller summary that includes business description and financial metrics, please provide one of the following:
- The “Business” section (Item 1) from the Form 10-K.
- The Consolidated Financial Statements and Notes.
- Permission to retrieve the relevant sections from the full Form 10-K, or the specific pages you want summarized.

Applied Materials, Inc. is a leading provider of materials engineering solutions for the semiconductor and advanced display industries.

# Applied Materials, Inc. Overview

Applied Materials, Inc. is a leading provider of materials engineering solutions, primarily serving the semiconductor and advanced display industries. The company specializes in the design, development, production, and servicing of equipment necessary for the manufacturing of semiconductors and displays. 

## Business Segments

1. **Semiconductor Systems**
   - This segment involves the design and manufacturing of equipment used to fabricate semiconductor chips, or integrated circuits (ICs).
   - **Key Focus Areas:**
     - Materials engineering
     - Process control
     - Advanced packaging
   - **Customer Base:** 
     - Serves markets including foundry, logic, DRAM, and flash memory.
   - **Sales Contribution:** Represents the largest contributor to net revenue.

2. **Applied Global Services® (AGS)**
   - Offers global services, spare parts, and factory automation software to enhance the performance of the installed base of semiconductor and display equipment.
   - Services are provided through a global distribution system in more than 200 locations.

3. **Display**
   - Focused on manufacturing equipment for liquid crystal displays (LCDs) and organic light-emitting diodes (OLEDs).
   - Serves markets for TVs, monitors, laptops, tablets, and smartphones.
   - **Emerging Technologies:** Engaged in the development of flexible display technologies and applications such as augmented and virtual reality.

## Key Metrics

- **Number of Employees:** Approximately 35,700 regular full-time employees, with 86% of revenue coming from customers outside the U.S.
- **Backlog (as of October 27, 2024):** 
  - Total backlog: **$15.873 billion**
    - Semiconductor Systems: **$8.259 billion** (52%)
    - Applied Global Services: **$6.767 billion** (43%)
    - Display: **$827 million** (5%)
- **Revenue Contributions by Major Customers (2024):**
  - Samsung Electronics Co., Ltd.: **12%**
  - Taiwan Semiconductor Manufacturing Company Limited: **11%**

## Financial Information

- **Fiscal Year Ending:** Last Sunday in October
- **Challenges:** Revenue from diverse customer segments, the cyclical nature of the semiconductor industry, and reliance on technological advancements create a competitive landscape.
- **Significant Investment:** The company maintains a strong focus on research, development, and engineering (RD&E) to foster innovation and develop new materials engineering solutions.

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Applied Materials positions itself as a leader in its field, leveraging a comprehensive portfolio of products and services to address the increasingly complex demands of semiconductor manufacturing and display technologies while also focusing on sustainable and efficient solutions.

APPLIED MATERIALS INC /DE

10-K / December 12, 2025

10-K / December 13, 2024

10-K / December 12, 2025

Applied Materials, Inc.