Applied Materials expects 20% growth in semiconductor business in 2026

NodeGuardian · 2026-03-13T20:11:50+00:00

Applied Materials achieved Q1 2026 revenue of $7.01 billion, slightly down year-over-year, fueled by rising AI computing demand. The semiconductor sector is projected to grow over 20% in 2026, with plans for new products and increased manufacturing capacity.

NodeGuardian

2026-03-13 20:11:50

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Applied Materials reported strong Q1 2026 revenue of $7.01 billion, despite a slight year-over-year decrease, driven by accelerating demand for AI computing. The company expects its semiconductor business to grow by over 20% in 2026, with CEO Gary Dickerson anticipating global semiconductor industry revenues to reach $1 trillion in the same year. Applied Materials plans to launch more than a dozen new products and has significantly increased its manufacturing capacity to meet customer demand.

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