应用材料 2025年度报告

FOLLOW US ONLINE AT: WEBSITE:APPLIEDMATERIALS.COM Dear Fellow Shareholders, AI computing: leading-edge logic, high-performanceDRAM, high-bandwidth memory, and advancedpackaging. These products enable higher performance,lower power advanced logic and memory chips, andimprove factory yields. As deployment of AI acceleratesglobally, Applied is well positioned at the most valuabletechnology inflections in the fastest growing areasof the market. Applied Materials delivered record revenue and earningsper share in fiscal 2025, marking our sixth consecutiveyear of growth. Over this period, we have grownrevenue and earnings per share at annualized rates ofapproximately 12 percent and 20 percent, respectively.We are in the early stages of a new computing era,and the opportunities for the semiconductor industryand Applied Materials have never been greater.Semiconductors provide the foundation for advancesin technology that are reshaping the global economy,including artificial intelligence (AI), the internet of things,robotics, electric and autonomous vehicles, and cleanenergy. To prepare for the exciting opportunities ahead,Applied has built new capabilities, strengthened ourproduct portfolio and streamlined our organization. Nowmore than ever the work we do together advances theworld’s technology. HIGH-VELOCITY CO-INNOVATION A key theme we consistently hear from our customersand ecosystem partners is that co-optimization ofthe technology stack is more critical than ever. Overthe past year, we strengthened and expanded ourcollaborations with technology leaders, universitiesand research institutes. In addition, Applied’s “high-velocity, co-innovation” model is designed to acceleratenew chip and system architectures by providing chipmakers and chip designers much earlier access tonext-generation process technology. This is a core valueproposition of our Equipment and Process Innovationand Commercialization (EPIC) platform. Constructionof the platform’s flagship facility – the EPIC Centerin Silicon Valley – is on track, and we are excited tobegin operations in 2026. The EPIC Center will be thelargest and most advanced facility of its type globally.By co-locating chip makers, chip designers, universityresearchers and other ecosystem partners under oneroof, we believe we can reduce the time it takes theindustry to bring a new technology from concept tocommercialization by as much as 30 percent. INFLECTION-FOCUSED INNOVATION In addition to fueling industry growth, AI computing isreshaping the semiconductor roadmap and changingthe way chips are designed and manufactured. Thefoundational semiconductor technology developed anddelivered to customers by Applied Materials plays acritical role in improving the energy efficiency of AI inthe datacenter and at the edge. At Applied, our corestrategy is inflection-focused innovation. We partnerwith our customers to recognize technology inflectionsearly, and we focus our research and development on thehighest value technology inflections in the fastest growingareas of the market. We then create highly differentiatedsolutions by connecting our broad portfolio of capabilitiesand technologies. As our customers race to bring complex new devicearchitecture inflections to market, we are also providingadvanced service solutions that help them quicklytransfer new technology from R&D labs into pilot linesand then rapidly optimize device performance, yield For example, in fiscal 2025, we launched severalinnovative products that extend our leadership in themajor technology inflections essential to energy-efficient WELL POSITIONED FOR FUTURE GROWTH and cost in high-volume production. In fiscal 2025, therecurring services and parts portion of Applied GlobalServices delivered another year of double-digit growthwith more than two-thirds of this core service revenuegenerated from subscriptions. Looking ahead to 2026 and beyond, we expect large-scale AI adoption will drive substantial investmentin AI-computing infrastructure including advancedsemiconductors and wafer fab equipment. Our customersare engaging with us early to ensure we are readyto support significant production ramps in the comingyears. Inside the company, we are adopting AI and digitaltools to drive higher velocity and productivity, innovatethe way we work, and streamline our organization tomeet the tremendous opportunities ahead. At AppliedMaterials, we deliver material innovation that changesthe world. Our inflection-focused innovation strategyputs us in a great position to extend our leadershipin the semiconductor technologies essential to high-performance, energy-efficient computing. As a leader in the technology ecosystem, we arecommitted to working closely with our customers,suppliers and partners to reduce the environmentalimpact of chipmaking and support the responsible growthof the semiconductor industry. Applied is advancingenergy-efficient computing through materials engineeringinnovations that underpin AI and ot