v3.26.1
Industry Segment Operations (Tables)
 9 Months Ended
Jul. 26, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
Information for each reportable segment for and as of the end of each reporting period was as follows:
Semiconductor SystemsApplied Global ServicesOtherTotal
(In millions, except percentages)
Three Months Ended July 26, 2026
Revenue $7,040 $1,781 $294 $9,115 
Cost of products sold3,148 1,147 234 4,529 
Gross profit$3,892 $634 $60 $4,586 
Gross margin55.3 %35.6 %50.3 %
 Operating expenses:
Research, development and engineering907 31 162 1,100 
Selling, general and administrative328 67 16 411 
Operating income (loss)$2,657 $536 $(118)$3,075 
Operating margin37.7 %30.1 %33.7 %
Depreciation and amortization$105 $17 $29 $151 
Capital expenditures$171 $34 $502 $707 
Balance as of July 26, 2026
Accounts receivable$6,146 $1,348 $197 $7,691 
Inventories$4,408 $1,906 $250 $6,564 
Goodwill$2,691 $983 $199 $3,873 
Semiconductor SystemsApplied Global ServicesOtherTotal
(In millions, except percentages)
Nine Months Ended July 26, 2026
Revenue $18,146 $5,005 $886 $24,037 
Cost of products sold8,196 3,257 616 12,069 
Gross profit$9,950 $1,748 $270 $11,968 
Gross margin54.8 %34.9 %49.8 %
Operating expenses:
Research, development and engineering2,570 69 416 3,055 
Selling, general and administrative951 218 50 1,219 
Legal settlement253 — — 253 
Restructuring charges— — 12 12 
Operating income (loss)$6,176 $1,461 $(208)$7,429 
Operating margin34.0 %29.2 %30.9 %
Depreciation and amortization$287 $47 $79 $413 
Capital expenditures$367 $58 $1,563 $1,988 
Semiconductor SystemsApplied Global ServicesOtherTotal
(In millions, except percentages)
Three Months Ended July 27, 2025
Revenue $5,564 $1,463 $275 $7,302 
Cost of products sold2,594 969 177 3,740 
Gross profit$2,970 $494 $98 $3,562 
Gross margin53.4 %33.8 %48.8 %
 Operating expenses:
Research, development and engineering779 18 104 901 
Selling, general and administrative354 76 (2)428 
Operating income (loss)$1,837 $400 $(4)$2,233 
Operating margin33.0 %27.3 %30.6 %
Depreciation and amortization$82 $13 $18 $113 
Capital expenditures$108 $6 $470 $584 
Balance as of July 27, 2025
Accounts receivable$4,655 $1,140 $(23)$5,772 
Inventories$3,790 $1,811 $206 $5,807 
Goodwill$2,544 $964 $240 $3,748 
Semiconductor SystemsApplied Global ServicesOtherTotal
(In millions, except percentages)
Nine Months Ended July 27, 2025
Revenue $16,562 $4,236 $770 $21,568 
Cost of products sold7,717 2,829 479 11,025 
Gross profit$8,845 $1,407 $291 $10,543 
Gross margin53.4 %33.2 %48.9 %
Operating expenses:
Research, development and engineering2,287 50 316 2,653 
Selling, general and administrative1,079 243 (9)1,313 
Operating income (loss)$5,479 $1,114 $(16)$6,577 
Operating margin33.1 %26.3 %30.5 %
Depreciation and amortization$224 $37 $60 $321 
Capital expenditures$333 $29 $1,113 $1,475 
Schedule of Disaggregation of Revenue
Revenue for Semiconductor Systems by market for the periods presented was as follows:
Three Months EndedNine Months Ended
July 26,
2026		July 27,
2025		July 26,
2026		July 27,
2025
Foundry, logic and other67 %69 %65 %68 %
Dynamic random-access memory (DRAM)26 %22 %29 %25 %
Flash memory (NAND)7 %9 %6 %7 %
100 %100 %100 %100 %
Schedule of Revenue from External Customers by Geographic Areas
Revenue by geographic region, determined by the location of customers’ facilities to which products were shipped and services were performed, was as follows:
Three Months EndedNine Months Ended
July 26,
2026		July 27,
2025		ChangeJuly 26,
2026		July 27,
2025		Change
(In millions, except percentages)
China$2,506 28 %$2,548 35 %(2)%$6,688 28 %$6,565 30 %2 %
Korea1,521 17 %1,160 16 %31 %4,551 19 %4,389 20 %4 %
Taiwan2,025 22 %1,843 25 %10 %5,902 25 %5,023 23 %17 %
Japan839 9 %713 10 %18 %1,987 8 %1,825 9 %9 %
Southeast Asia374 4 %195 3 %92 %894 4 %616 3 %45 %
Asia Pacific7,265 80 %6,459 89 %12 %20,022 84 %18,418 85 %9 %
United States1,367 15 %683 9 %100 %2,964 12 %2,408 11 %23 %
Europe483 5 %160 2 %202 %1,051 4 %742 4 %42 %
Total$9,115 100 %$7,302 100 %25 %$24,037 100 %$21,568 100 %11 %