Revenue Growth Trajectories of Applied Materials and Intel Amid AI Demand
Applied Materials (AMAT) has shown strong revenue acceleration in recent quarters, reaching a record $9.1 billion for the fiscal third quarter ended July 26, 2026 — up 25% year-over-year with an operating margin of 34%. The company benefited from new hardware systems and joint development agreements related to advanced memory scaling and augmented reality optics. Intel (INTC), on the other hand, reported $16.1 billion in revenue for its fiscal Q2 ended June 27, a significant 25% year-over-year increase but accompanied by a substantial net loss of $10.8 billion due to non-cash accounting charges under the CHIPS Act. Despite this, Intel's new CEO Lip-Bu Tan has driven turnaround efforts since taking over in 2025. Both companies are capitalizing on AI demand after struggling with growth in parts of 2025. Applied Materials saw a net income increase to $2.5 billion during the same period.
Topics: Applied Materials Intel Investor Insights Revenue Growth