Applied Materials expects service revenue to grow more than 20% in 2026, surpass $12 billion by 2030
AMAT•Applied Materials expects service revenue to grow more than 20% in 2026 and exceed $12 billion by 2030. It also set 2030 margin and market-share targets and expects its eBeam equipment portfolio to generate $2 billion in 2026 revenue.
1. Growth and financial targets
Applied Materials expects service revenue to grow more than 20% in 2026 and exceed $12 billion by 2030. The company targets a 54% non-GAAP gross margin and 40% operating margin by 2030, and expects its eBeam equipment portfolio to generate $2 billion in 2026 revenue. It also targets more than 2% WFE market-share gain from 2025 to 2030, plans to more than double research and development lab and manufacturing capacity by 2030, and says it will distribute 80% to 100% of free cash flow to shareholders over time.
