Applied Materials and Intel: Revenue Growth Trajectories Amid AI Industry Expansion
Applied Materials (NASDAQ:AMAT) has shown strong revenue growth, with a record $9.1 billion reported for the quarter ended July 26, 2026 — up 25% year-over-year. This surge was driven by new hardware systems and joint development agreements in advanced memory scaling and augmented reality optics. The company also achieved an operating margin of 34%, alongside a significant increase in net income to $2.5 billion. Intel (NASDAQ:INTC) reported revenue of $16.1 billion for the quarter ended June 27, 2026 — up 25% year-over-year as well. However, this was accompanied by a substantial net loss of $10.8 billion due to non-cash accounting charges related to shares owed under the CHIPS Act. Despite these challenges, Intel's new CEO Lip-Bu Tan has initiated turnaround efforts that are showing signs of progress in 2026. Both companies have benefited from increased demand driven by artificial intelligence growth, though their financial outcomes differ significantly — with Applied Materials reporting strong profitability and Intel facing substantial accounting-related losses.
Topics: Applied Materials Artificial Intelligence Companies Intel Revenue Growth