--- title: "Applied Materials’ revenue rose 53%; DRAM tool sales nearly doubled, Taiwan passed China" summary: "Applied Materials’ results for the quarter to 25 October: US$10.41bn of revenue, equipment sales by memory and logic, sales by country, and a US$11.1bn guide for the next quarter." url: https://www.thetechbag.com/blog/applied-materials-revenue-53-percent-dram-taiwan format: Note desk: "Markets & the AI economy" region: Global published: 2026-11-13 facts_checked: 2026-11-13 author: TechBag (The TechBag Journal) tags: ["Applied Materials results","Applied Materials earnings","Applied Materials revenue","AMAT stock","Applied Materials guidance","Applied Materials China revenue","Applied Materials Taiwan","DRAM equipment","Applied Materials","wafer fab equipment","semiconductor equipment","DRAM","Gary Dickerson","chip-making equipment"] cover: https://www.thetechbag.com/blog/covers/applied-materials-revenue-53-percent-dram-taiwan.png --- # Applied Materials’ revenue rose 53%; DRAM tool sales nearly doubled, Taiwan passed China *Applied Materials’ results for the quarter to 25 October: US$10.41bn of revenue, equipment sales by memory and logic, sales by country, and a US$11.1bn guide for the next quarter.* Note · Markets & the AI economy · By TechBag · Published 2026-11-13 · Facts checked 2026-11-13 · Canonical: https://www.thetechbag.com/blog/applied-materials-revenue-53-percent-dram-taiwan Applied Materials’ revenue rose 53%, to a record US$10.41bn, in the quarter to 25 October. Its chip-making equipment business, which sells the machines that deposit, etch, implant and measure the layers on silicon wafers, took US$8.0bn, up 64%.[1] Within that, sales to makers of DRAM, the working memory in servers, PCs and phones, nearly doubled: DRAM was 33% of equipment revenue, against 28% a year earlier, which puts it at about US$2.64bn, up about 93%. Taiwan, at 28% of revenue, passed China, at 25% (29% a year earlier), as the company’s largest market.[1] US$10.41bn revenue in the quarter to 25 October, up 53% Applied Materials +93% DRAM equipment sales, to about US$2.64bn TechBag count 28% of revenue from Taiwan, against 25% from China Applied Materials US$11.1bn revenue guided for the next quarter, plus or minus US$0.5bn Applied Materials ## What the machines went into Foundry and logic, the chips made by contract manufacturers and processor makers, fell to 58% of equipment revenue from 66%, but still grew, to about US$4.64bn from US$3.22bn. Flash memory rose to 9% from 6%, about US$0.72bn. Applied Global Services, which sells spare parts, upgrades and service for machines already in fabs, grew 26%, to US$1.90bn.[1] Gary Dickerson, the chief executive, said Applied is “on track to grow our Semiconductor Systems business more than 40 percent in our calendar 2026”, the four quarters to January 2027.[1] TechBag countHow we split equipment sales Applied gives each device type as a whole-number share of Semiconductor Systems revenue: DRAM 33% of US$7,996m now, 28% of US$4,879m a year earlier. That is US$2,639m against US$1,366m. Because the shares are rounded, DRAM’s growth lies between about 87% and 100%; 93% is the figure on the shares as printed. ## Where it was sold **Figure: Taiwan passed China as Applied’s largest market in August–October** *Applied Materials revenue by customer location, US$ million, five quarters to October 2026* Aug–Oct 2025 1,834 1,964 1,783 6,800 US$m Nov 2025–Jan 2026 1,722 2,095 1,458 1,737 7,012 US$m Feb–Apr 2026 2,155 2,087 1,572 2,096 7,910 US$m May–Jul 2026 2,025 2,506 1,521 3,063 9,115 US$m Aug–Oct 2026 2,916 2,642 1,811 3,040 10,409 US$m | | Taiwan | China | Korea | Other | | --- | --- | --- | --- | --- | | Aug–Oct 2025 | 1,834 | 1,964 | 1,219 | 1,783 | | Nov 2025–Jan 2026 | 1,722 | 2,095 | 1,458 | 1,737 | | Feb–Apr 2026 | 2,155 | 2,087 | 1,572 | 2,096 | | May–Jul 2026 | 2,025 | 2,506 | 1,521 | 3,063 | | Aug–Oct 2026 | 2,916 | 2,642 | 1,811 | 3,040 | Source: Applied Materials quarterly results (Exhibit 99.1 to Form 8-K), November 2025 to November 2026 · as of 12 November 2026 · Other: the US, Japan, Europe and Southeast Asia Sales to Taiwan rose 59% on a year earlier, to US$2.92bn; to China 35%, to US$2.64bn; to Korea 49%, to US$1.81bn. Sales to the United States doubled, to US$1.32bn. Over the full fiscal year China stayed the largest market, at 27% of revenue against Taiwan’s 26%.[1] Taiwan has led before: in February–April it edged China, US$2.16bn to US$2.09bn.[4] The release does not explain the shift. The year’s GAAP results include a US$253m charge for a settlement with the US Commerce Department’s Bureau of Industry and Security “to resolve a previously disclosed export controls compliance matter”, which Applied leaves out of its non-GAAP figures.[1] How Taiwan’s largest chip maker’s own sales moved is in [our Trend on TSMC and five server assemblers](https://www.thetechbag.com/blog/tsmc-october-record-assemblers-ai-server-revenue). For November to January Applied guides revenue to US$11.1bn, plus or minus US$0.5bn, and non-GAAP earnings per share to US$4.35, plus or minus US$0.20.[1] At the midpoint that is 58% above the US$7.01bn of a year earlier.[2] Applied’s shares closed at US$380.95 on 12 November, down 3.58%, before the results reached the SEC at 4:02pm New York time; they stood at US$383.83 at 8pm after hours, and at US$375.26 at 9:28am on 13 November (7:58pm IST), before the open, down 1.5%.[5] What to watch: whether DRAM holds above 30% of equipment sales, and the regional mix. China’s share has moved between 25% and 30% over these five quarters, Taiwan’s between 22% and 28%.[6][3] How we did this Figures as of 13 November 2026, 8:30pm IST Revenue, segment figures, device-type shares, revenue by geography, the US$253m settlement and the guide are from Applied’s release of 12 November for the fourth quarter of fiscal 2026, the three months to 25 October 2026. A year-earlier figure is the one printed in that release; Applied recast its fiscal 2025 segment figures after moving its 200mm equipment business into Semiconductor Systems, so the year-earlier DRAM share (28%) differs from the 29% first published.[6] Dollar values for DRAM, foundry and logic, and flash are our arithmetic on the rounded shares (see the count above). Quarterly revenue by geography comes from each quarter’s release; “Other” is total revenue less Taiwan, China and Korea. Share prices are Nasdaq’s consolidated data, not a company source; the filing time is EDGAR’s acceptance stamp. Spotted an error? Write to us; corrections are published at the foot of the piece. Sources 1. [Applied Materials: fourth quarter and fiscal year 2026 results (Exhibit 99.1 to Form 8-K)](https://www.sec.gov/Archives/edgar/data/6951/000162828026073360/exhibit991q42026earningsre.htm) — 12 November 2026 2. [Applied Materials: first quarter fiscal 2026 results (Exhibit 99.1 to Form 8-K)](https://www.sec.gov/Archives/edgar/data/6951/000162828026007661/exhibit991q12026earningsre.htm) — 12 February 2026 3. [Applied Materials: third quarter fiscal 2026 results (Exhibit 99.1 to Form 8-K)](https://www.sec.gov/Archives/edgar/data/6951/000162828026056699/exhibit991q32026earningsre.htm) — 13 August 2026 4. [Applied Materials: second quarter fiscal 2026 results (Exhibit 99.1 to Form 8-K)](https://www.sec.gov/Archives/edgar/data/6951/000162828026035071/exhibit991q22026earningsre.htm) — 14 May 2026 5. [Nasdaq: Applied Materials (AMAT) after-hours and pre-market trading](https://www.nasdaq.com/market-activity/stocks/amat/after-hours) — 13 November 2026 6. [Applied Materials: fourth quarter and fiscal year 2025 results (Exhibit 99.1 to Form 8-K)](https://www.sec.gov/Archives/edgar/data/6951/000162828025051998/exhibit991q42025earningsre.htm) — 13 November 2025 **Disclosure.** TechBag is a software reseller: it earns when companies buy through it, including from vendors named here. The analysis is TechBag’s own; no vendor paid for or saw this piece before publication. Facts are labelled reported, TechBag count or our view. **Read this next:** [PC shipments fell a fifth while DRAM contract prices rose 5× in a year](https://www.thetechbag.com/blog/pc-shipments-fall-memory-prices-ai-data-centres) — What memory makers are selling into: DRAM contract prices rose fivefold in a year while worldwide PC shipments fell a fifth. Go deeper on TechBag - [TSMC hit a record NT$586.9bn in October](https://www.thetechbag.com/blog/tsmc-october-record-assemblers-ai-server-revenue) — monthly sales at Taiwan’s largest chip maker and five server assemblers - [TSMC approved US$40.9bn for capacity](https://www.thetechbag.com/blog/tsmc-capex-40-9bn-anthropic-openai-shares) — the capital spending of the largest foundry - [Semicon 2.0 opens for ₹1,27,500 crore](https://www.thetechbag.com/blog/semicon-2-0-127500-crore-applications-open) — India’s chip projects, which will buy this kind of equipment