Applied Materials
AMATQ3 2023Estimated5% AI
AI Revenue %
5%
AI Fair Value
$6.5B
AI Revenue (Q)
$321.3M
Total Revenue (Q)
$6.4B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Semiconductor Systems = $4,676M of $6,425M total. End-use: foundry/logic 79%, DRAM 17%, Flash 4%. Foundry/logic again 'driven primarily by customer investments in mature manufacturing nodes.' Memory spending still depressed. ChatGPT had launched (Nov 2022) and AI chip demand was emerging in the industry, but AMAT's revenue mix was still dominated by mature/ICAPS. No AI quantification. Math: $6,425M x 5% = ~$321M estimated AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Foundry and logic customers spending increased in the three and nine months ended July 30, 2023 compared to the same periods in the prior year driven primarily by customer investments in mature manufacturing nodes.
MD&A, 10-Q ended Jul 30, 2023
Semiconductor Systems $4,676M; Foundry, logic and other 79%, DRAM 17%, Flash memory 4%
Segment Data, 10-Q ended Jul 30, 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