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Applied Materials, Inc. (AMAT) Goldman Sachs Communacopia + Technology Conference 2026 September 9, 2026 5:25 PM EDT
Company Participants: Gary Dickerson - President, CEO & Executive Director Conference Call Participants: James Schneider - Goldman Sachs Group, Inc., Research Division
Presentation by James Schneider, Goldman Sachs Group, Inc., Research Division:
"Welcome to the Goldman Sachs Communacopia and Technology Conference. I'm Jim Schneider, the semiconductor analyst here at Goldman Sachs. It's my pleasure to welcome Applied Materials and CEO Gary Dickerson to the stage today."
Gary Dickerson: "Thank you, Jim. Glad to be here."
Question-and-Answer Session: James Schneider: "I think it's fair to say that the view of the market is pretty starkly different than we were on your stage last year at this time. Clearly, we see almost everything being constrained around AI. You commented on much stronger demand visibility that you're seeing from your customers. Can you help frame the level of demand and visibility you're seeing right now, either in terms of duration of customer forecast or size of your backlog?"
Gary Dickerson: "Yes. As you said, AI, especially data center, is an enormous driver for our business. One statistic I thought was interesting: if you look at leading-edge foundry, smartphone wafer starts were 4x larger than data center. Today, they're 1:1, and in a couple of years, it will be 2:1 data center versus smartphone. So for sure, AI and data center are by far the biggest drivers. Relative to the technologies critical for AI data center, the fastest-growing segments—80% of wafer fab equipment growth this year is leading foundry-logic, DRAM, including high-bandwidth memory and advanced packaging. Again, that's 80% of the wafer fab equipment growth this year, and we see that same mix in 2027."
Source: Seeking Alpha
