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v3.25.3

Industry Segment Operations (Tables) | 12 Months Ended
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Oct. 26, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting | Information for each reportable segment for and as of the end of each fiscal year were as follows:
| Semiconductor Systems |  | Applied Global Services |  |  |  | Corporate and Other |  | Total |  |  |  |
| (In millions, except percentages)
2025: |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue | $ | 20,798 |  |  | $ | 6,385 |  |  |  |  | $ | 1,185 |  |  | $ | 28,368 |  |  |  |  |
Costs of products sold | 9,530 |  |  | 4,251 |  |  |  |  | 779 |  |  | 14,560 |  |  |  |  |
Gross profit | $ | 11,268 |  |  | $ | 2,134 |  |  |  |  | $ | 406 |  |  | $ | 13,808 |  |  |  |  |
Gross margin | 54.2 | % |  | 33.4 | % |  |  |  |  |  | 48.7 | % |  |  |  |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |
Research, development and engineering | 3,042 |  |  | 126 |  |  |  |  | 402 |  |  | 3,570 |  |  |  |  |
Selling, general and administrative | 847 |  |  | 216 |  |  |  |  | 705 |  |  | 1,768 |  |  |  |  |
Restructuring charges | — |  |  | — |  |  |  |  | 181 |  |  | 181 |  |  |  |  |
Operating income (loss) | $ | 7,379 |  |  | $ | 1,792 |  |  |  |  | $ | (882) |  |  | $ | 8,289 |  |  |  |  |
Operating margin | 35.5 | % |  | 28.1 | % |  |  |  |  |  | 29.2 | % |  |  |  |
Depreciation and amortization | $ | 192 |  |  | $ | 26 |  |  |  |  | $ | 217 |  |  | $ | 435 |  |  |  |  |
Capital expenditures | $ | 507 |  |  | $ | 57 |  |  |  |  | $ | 1,696 |  |  | $ | 2,260 |  |  |  |  |
Accounts receivable | $ | 3,733 |  |  | $ | 1,269 |  |  |  |  | $ | 183 |  |  | $ | 5,185 |  |  |  |  |
Inventories | $ | 3,444 |  |  | $ | 2,301 |  |  |  |  | $ | 170 |  |  | $ | 5,915 |  |  |  |  |
Goodwill | $ | 2,476 |  |  | $ | 1,032 |  |  |  |  | $ | 199 |  |  | $ | 3,707 |  |  |  |  |
| Semiconductor Systems |  | Applied Global Services |  |  |  | Corporate and Other |  | Total |  |  |  |
| (In millions, except percentages)
2024 |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue | $ | 19,911 |  |  | $ | 6,225 |  |  |  |  | $ | 1,040 |  |  | $ | 27,176 |  |  |  |  |
Costs of products sold | 9,379 |  |  | 4,088 |  |  |  |  | 812 |  |  | 14,279 |  |  |  |  |
Gross profit | $ | 10,532 |  |  | $ | 2,137 |  |  |  |  | $ | 228 |  |  | $ | 12,897 |  |  |  |  |
Gross margin | 52.9 | % |  | 34.3 | % |  |  |  |  |  | 47.5 | % |  |  |  |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |
Research, development and engineering | 2,684 |  |  | 114 |  |  |  |  | 435 |  |  | 3,233 |  |  |  |  |
Selling, general and administrative | 867 |  |  | 211 |  |  |  |  | 719 |  |  | 1,797 |  |  |  |  |
Operating income (loss) | $ | 6,981 |  |  | $ | 1,812 |  |  |  |  | $ | (926) |  |  | $ | 7,867 |  |  |  |  |
Operating margin | 35.1 | % |  | 29.1 | % |  |  |  |  |  | 28.9 | % |  |  |  |
Depreciation and amortization | $ | 168 |  |  | $ | 22 |  |  |  |  | $ | 202 |  |  | $ | 392 |  |  |  |  |
Capital expenditures | $ | 425 |  |  | $ | 35 |  |  |  |  | $ | 730 |  |  | $ | 1,190 |  |  |  |  |
Accounts receivable | $ | 3,816 |  |  | $ | 1,297 |  |  |  |  | $ | 121 |  |  | $ | 5,234 |  |  |  |  |
Inventories | $ | 2,988 |  |  | $ | 2,306 |  |  |  |  | $ | 127 |  |  | $ | 5,421 |  |  |  |  |
Goodwill | $ | 2,460 |  |  | $ | 1,032 |  |  |  |  | $ | 240 |  |  | $ | 3,732 |  |  |  |  |
| Semiconductor Systems |  | Applied Global Services |  |  |  | Corporate and Other |  | Total |  |  |  |
| (In millions, except percentages)
2023 |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue | $ | 19,698 |  |  | $ | 5,732 |  |  |  |  | $ | 1,087 |  |  | $ | 26,517 |  |  |  |  |
Costs of products sold | 9,456 |  |  | 3,911 |  |  |  |  | 766 |  |  | 14,133 |  |  |  |  |
Gross profit | $ | 10,242 |  |  | $ | 1,821 |  |  |  |  | $ | 321 |  |  | $ | 12,384 |  |  |  |  |
Gross margin | 52.0 | % |  | 31.8 | % |  |  |  |  |  | 46.7 | % |  |  |  |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |
Research, development and engineering | 2,544 |  |  | 101 |  |  |  |  | 457 |  |  | 3,102 |  |  |  |  |
Selling, general and administrative | 819 |  |  | 191 |  |  |  |  | 618 |  |  | 1,628 |  |  |  |  |
Operating income (loss) | $ | 6,879 |  |  | $ | 1,529 |  |  |  |  | $ | (754) |  |  | $ | 7,654 |  |  |  |  |
Operating margin | 34.9 | % |  | 26.7 | % |  |  |  |  |  | 28.9 | % |  |  |  |
Depreciation and amortization | $ | 235 |  |  | $ | 31 |  |  |  |  | $ | 249 |  |  | $ | 515 |  |  |  |  |
Capital expenditures | $ | 381 |  |  | $ | 39 |  |  |  |  | $ | 686 |  |  | $ | 1,106 |  |  |  |  |
Accounts receivable | $ | 3,943 |  |  | $ | 1,111 |  |  |  |  | $ | 111 |  |  | $ | 5,165 |  |  |  |  |
Inventories | $ | 3,433 |  |  | $ | 2,073 |  |  |  |  | $ | 219 |  |  | $ | 5,725 |  |  |  |  |
Goodwill | $ | 2,460 |  |  | $ | 1,032 |  |  |  |  | $ | 240 |  |  | $ | 3,732 |  |  |  |  |
Schedule of Disaggregation of Revenue | Net revenue for Semiconductor Systems by market for the periods indicated were as follows:
| 2025 |  | 2024 |  | 2023
Foundry, logic and other | 67 | % |  | 68 | % |  | 77 | %
Dynamic random-access memory (DRAM) | 26 | % |  | 28 | % |  | 17 | %
Flash memory (NAND) | 7 | % |  | 4 | % |  | 6 | %
| 100 | % |  | 100 | % |  | 100 | %
Schedule of Net Revenue and Long-Lived Assets | Net revenue and long-lived assets by geographic region for and as of each fiscal year were as follows:
| 2025 |  | 2024 |  | 2023
| (In millions)
Net revenue: |  |  |  |  |
United States | $ | 3,063 |  |  | $ | 3,818 |  |  | $ | 4,006 |
China | 8,529 |  |  | 10,117 |  |  | 7,247 |
Korea | 5,608 |  |  | 4,493 |  |  | 4,609 |
Taiwan | 6,857 |  |  | 4,010 |  |  | 5,670 |
Japan | 2,273 |  |  | 2,154 |  |  | 2,075 |
Europe | 962 |  |  | 1,443 |  |  | 2,152 |
Southeast Asia | 1,076 |  |  | 1,141 |  |  | 758 |
Total outside United States | 25,305 |  |  | 23,358 |  |  | 22,511 |
Consolidated total | $ | 28,368 |  |  | $ | 27,176 |  |  | $ | 26,517 |
| October 26, 2025 |  | October 27, 2024 |  |
| (In millions)
Long-lived assets: |  |  |  |  |
United States | $ | 5,071 |  |  | $ | 3,759 |  |  |
China | 8 |  |  | 3 |  |  |
Korea | 9 |  |  | 9 |  |  |
Taiwan | 67 |  |  | 59 |  |  |
Japan | 6 |  |  | 7 |  |  |
Europe | 155 |  |  | 113 |  |  |
Southeast Asia | 21 |  |  | 5 |  |  |
Total outside United States | 266 |  |  | 196 |  |  |
Consolidated total | $ | 5,337 |  |  | $ | 3,955 |  |  |

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