Applied Materials, Inc. (AMAT) Presents at SEMICON West 2026 Transcript
Applied Materials, Inc. (AMAT) SEMICON West 2026 October 13, 2026 11:00 AM EDT
Company Participants
Michael Sullivan – Corporate Vice President of Investor Relations
Gary Dickerson – President, CEO & Executive Director
Prabu Raja – President of Semiconductor Products Group
Keith Wells – Group Vice President of Imaging & Process Control Group
Timothy Deane – Senior Vice President of Applied Global Services
Brice Hill – Senior VP, CFO & Global Information Services
Conference Call Participants
Vivek Arya – BofA Securities, Research Division
Christopher Muse – Cantor Fitzgerald & Co., Research Division
Timothy Arcuri – UBS Investment Bank, Research Division
Atif Malik – Citigroup Inc., Research Division
Stacy Rasgon – Bernstein Institutional Services LLC, Research Division
Mark Lipacis – Evercore ISI Institutional Equities, Research Division
Sreekrishnan Sankarnarayanan – TD Cowen, Research Division
Christopher Caso – Wolfe Research, LLC
Yu Shi – Needham & Company, LLC, Research Division
Brian Chin – Stifel, Nicolaus & Company, Incorporated, Research Division
Presentation
Michael Sullivan
Corporate Vice President of Investor Relations
Well, good morning, everybody. I’m Mike Sullivan. I’m the Head of Investor Relations at Applied Materials. And once again, I have the honor of being the first to welcome you to SEMICON West. It’s my pleasure. We really thank you all for being here. Applied has a very long tradition of hosting a technology breakfast at SEMICON. We’ve been doing it for years, and we’ve been looking forward to seeing you pretty much all year and spending time with you.
A big focus of this year’s SEMICON, of course, is really understanding what is the state of the AI build-out and what does it mean for companies all across the entire technology ecosystem. And the figure of merit that everybody is focused on is tokens per second per watt. And when you look at today’s presentations, what you’ll see is that ultimately, AI — every AI system and every AI chip depends on two ingredients, made of
