Applied Materials
AMATQ1 2023Estimated5% AI
AI Revenue %
5%
AI Fair Value
$6.2B
AI Revenue (Q)
$336.9M
Total Revenue (Q)
$6.7B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Semiconductor Systems = $5,162M of $6,739M total. End-use: foundry/logic 77%, DRAM 13%, Flash 10%. Critically, foundry/logic growth was 'driven primarily by customer investment in mature nodes' -- mature nodes serve ICAPS, not AI. Memory spending was DOWN as customers deferred capacity. No AI-specific quantification. With mature nodes dominant and memory weak, AI-related equipment demand was limited. Math: $6,739M x 5% = ~$337M estimated AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Foundry and logic spending increased in the three months ended January 29, 2023 compared to the same period in the prior year driven primarily by customer investment in mature nodes.
MD&A, 10-Q ended Jan 29, 2023
Semiconductor Systems $5,162M; Foundry, logic and other 77%, DRAM 13%, Flash memory 10%
Segment Data, 10-Q ended Jan 29, 2023
AI Products Identified (Ring 1)
Leading-edge deposition equipmentEtch systems for advanced logic
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Mature node foundry equipment (ICAPS)DRAM equipmentFlash memory equipmentDisplay equipmentApplied Global Services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix