Applied Materials targets about 54% non — GAAP gross margin by 2030 under AI — led wafer fab equipment growth plan
Applied Materials set targets through 2030 as AI infrastructure drives sustained wafer fab equipment demand. Plans to gain more than 2 percentage points of WFE market share from 2025 to 2030. Aims for non-GAAP gross margin of about 54% and non-GAAP operating margin of about 40% by 2030. Commits to distribute 80% to 100