Applied Materials Targets Wafer Fab Equipment Market-Share Gains Amid AI Demand

01:41 PM EDT, 10/13/2026 (MT Newswires) -- Applied Materials (AMAT) said Tuesday it targets increasing its market share in the wafer fab equipment segment by more than two percentage points from 2025 to 2030 as AI infrastructure demand grows. The company expects foundry-logic, DRAM and advanced packaging to account for around 75% of wafer fab equipment market growth during the same period. It expects service revenue to grow more than 20% in calendar 2026 and exceed $12 billion by 2030. Applied's eBeam equipment portfolio is expected to generate $2 billion in revenue this year, according to the company. The company also forecasts adjusted gross margins of 54% and adjusted operating margins of 40% through 2030, as well as plans to distribute 80% to 100% of free cash flow to shareholders over time. Price: 456.79, Change: -40.75, Percent Change: -8.19