Applied Materials Targets 2-Point WFE Share Gain by 2030 on AI Demand
AMAT has more than doubled off its 52-week low of $203.4.
Summary
Applied Materials laid out long-term growth targets at its SEMICON West investor event, aiming to gain more than 2 percentage points of wafer fab equipment market share from 2025 to 2030. The company expects leading-edge foundry-logic, DRAM, and advanced packaging to drive about 75% of WFE growth over that period, with AI infrastructure buildout fueling sustained demand. Management also guided eBeam revenue to $2 billion in calendar 2026 and service revenue to exceed $12 billion by 2030, a mid-teens CAGR. The company plans to more than double R&D lab and manufacturing capacity by 2030 and has announced 15 EPIC Center partnerships. These targets extend the strong Q3 results and raised Q4 guidance from August, reinforcing the AI-driven growth narrative.
At the time of this announcement, AMAT was trading at $465.81 on NASDAQ in the Technology sector, with a market capitalization of approximately $369.7B. The 52-week trading range was $203.40 to $739.67. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.