Applied Materials: Expects service business revenue to grow more than 20% in 2026, surpassing $12 billion by 2030

October 14: Applied Materials (AMAT.O) stated it aims to achieve a non-GAAP gross margin of 54% and an operating margin of 40% by 2030. It expects service business revenue to grow by more than 20% in 2026, surpassing $12 billion by 2030. It plans to more than double its R&D labs and manufacturing capacity by 2030. It plans to return 80% to 100% of free cash flow to shareholders by 2030.