Analysis of Reportable Segments
Applied Materials Inc. operates in 2 segments: Semiconductor Systems and Applied Global Services (AGS).
Segment Profit Margin
Applied Materials Inc., profit margin by reportable segment
| Oct 26, 2025 | Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
|---|---|---|---|---|---|---|
| Semiconductor Systems | 35.48% | 35.06% | 35.99% | 37.08% | 38.75% | 32.67% |
| Applied Global Services (AGS) | 28.07% | 29.11% | 28.91% | 29.97% | 30.08% | 27.12% |
Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).
- Semiconductor Systems Segment Profit Margin
- The profit margin for the Semiconductor Systems segment exhibits a notable increase from 32.67% in 2020 to a peak of 38.75% in 2021. Following this peak, the margin demonstrates a gradual decline over the subsequent years, reaching 35.48% in 2025. Despite the downward trend after 2021, the profit margin remains consistently above the initial 2020 level, indicating sustained profitability within this segment.
- Applied Global Services (AGS) Segment Profit Margin
- The AGS segment's profit margin displays a moderate upward movement from 27.12% in 2020 to 30.08% in 2021. However, beyond this point, the margin experiences a gradual and steady decrease through 2025, declining to 28.07%. While the margin remains above the 2020 baseline for most periods, the downward trajectory since 2021 suggests some challenges in maintaining earlier profitability levels within this segment.
- Comparative Analysis and Insights
- Both segments achieved their highest profit margins in 2021, with Semiconductor Systems peaking more significantly than AGS. After this peak year, both segments show a declining trend in profit margins, though Semiconductor Systems maintains higher absolute values throughout the period. The decline could indicate market pressures, cost increases, or changing competitive dynamics impacting profitability. The Semiconductor Systems segment appears more resilient with a smaller overall margin decline compared to AGS. This differentiation may point to varying market conditions or operational efficiencies between the two business areas over the analyzed timeframe.
Segment Profit Margin: Semiconductor Systems
Applied Materials Inc.; Semiconductor Systems; segment profit margin calculation
| Oct 26, 2025 | Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 7,379) | 6,981) | 7,090) | 6,969) | 6,311) | 3,714) |
| Net revenue | 20,798) | 19,911) | 19,698) | 18,797) | 16,286) | 11,367) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 35.48% | 35.06% | 35.99% | 37.08% | 38.75% | 32.67% |
Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).
1 2025 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Net revenue
= 100 × 7,379 ÷ 20,798 = 35.48%
- Operating Income (Loss)
- The operating income exhibited a consistent upward trend over the analyzed period from 2020 to 2025. Starting at $3,714 million in 2020, it increased significantly to $6,311 million in 2021 and continued to rise, reaching $7,379 million by 2025. The growth trajectory suggests improved operational efficiency or increased profitability within the segment.
- Net Revenue
- Net revenue demonstrated steady growth throughout the period. Beginning at $11,367 million in 2020, revenue increased to $16,286 million in 2021 and continued to rise each subsequent year, attaining $20,798 million in 2025. This upward trend indicates expanding sales and possibly greater market demand or successful product offerings in the segment.
- Segment Profit Margin
- Segment profit margin peaked at 38.75% in 2021, reflecting a high point in profitability relative to revenue. Following this peak, there was a gradual decline, with margins decreasing to 37.08% in 2022 and further down to 35.06% in 2024, slightly recovering to 35.48% in 2025. Despite this decline from the peak, the margin levels remained robust, demonstrating continued strong operational performance albeit with some margin compression.
- Overall Insights
- The segment has shown a robust revenue growth pattern accompanied by a significant increase in operating income, which underscores strong financial performance. The segment profit margin, while slightly decreasing after 2021, remained relatively stable and healthy, indicating effective cost management despite increasing scale. The interplay between growing revenues and slightly declining margins suggests potential pressures on pricing or cost structures that may warrant attention but do not detract from the positive overall trajectory of this segment.
Segment Profit Margin: Applied Global Services (AGS)
Applied Materials Inc.; Applied Global Services (AGS); segment profit margin calculation
| Oct 26, 2025 | Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 1,792) | 1,812) | 1,657) | 1,661) | 1,508) | 1,127) |
| Net revenue | 6,385) | 6,225) | 5,732) | 5,543) | 5,013) | 4,155) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 28.07% | 29.11% | 28.91% | 29.97% | 30.08% | 27.12% |
Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).
1 2025 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Net revenue
= 100 × 1,792 ÷ 6,385 = 28.07%
- Net Revenue
- Net revenue for the Applied Global Services segment exhibited a steady upward trend over the analyzed period. Starting from $4,155 million in 2020, the revenue consistently increased each year, reaching $6,385 million by 2025. This reflects sustained growth in the segment's top-line performance, indicating expanding business activity and possibly increased market demand or successful sales strategies over the six-year span.
- Operating Income
- Operating income also showed overall growth, beginning at $1,127 million in 2020 and rising to a peak of $1,812 million in 2024. However, in 2025, operating income slightly declined to $1,792 million, indicating a minor contraction after several years of gains. Despite this small decrease, the level of operating income remains substantially higher than earlier years, signaling strong operational profitability throughout the period.
- Segment Profit Margin
- The segment profit margin demonstrated relative stability with moderate fluctuations. It increased from 27.12% in 2020 to 30.08% in 2021, reaching the highest margin in the given timeframe. Afterward, the margin slightly decreased and hovered around 28-29%, ending at 28.07% in 2025. This suggests that while revenues and operating income grew, the efficiency or profitability relative to revenue faced some pressure, possibly due to cost factors or competitive pricing, yet maintained a generally healthy margin level.
- Summary
- Overall, the segment experienced consistent revenue growth and substantial increases in operating income through most of the period. The small reduction in operating income in the final year and the slight decline in profit margin indicate emerging challenges in maintaining profitability improvements despite higher sales. The trends suggest effective revenue expansion with operational efficiency largely preserved, although with some recent margin compression that may warrant further analysis.
Segment Capital Expenditures to Depreciation
Applied Materials Inc., capital expenditures to depreciation by reportable segment
| Oct 26, 2025 | Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
|---|---|---|---|---|---|---|
| Semiconductor Systems | 2.64 | 2.53 | 1.62 | 1.23 | 1.18 | 1.03 |
| Applied Global Services (AGS) | 2.19 | 1.59 | 1.26 | 1.23 | 0.91 | 0.88 |
Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).
The analysis of the annual reportable segment capital expenditures to depreciation ratios reveals distinct trends for both Semiconductor Systems and Applied Global Services (AGS) over the observed periods.
- Semiconductor Systems
- The ratio for Semiconductor Systems shows a consistent upward trajectory throughout the periods. Starting slightly above parity at 1.03 in 2020, the ratio steadily increases each year, reaching 1.62 by 2023. The subsequent years exhibit a more pronounced rise, culminating at 2.53 in 2024 and 2.64 in 2025. This trend indicates that capital expenditures are increasingly outpacing depreciation, suggesting significant reinvestment in assets or expansion of this segment. The rising ratio may reflect strategies focused on growth, technology upgrades, or capacity enhancement.
- Applied Global Services (AGS)
- The AGS segment displays a more gradual but consistently increasing ratio over the same timeframe. Beginning at 0.88 in 2020, the ratio crosses the parity threshold in 2022 with a value of 1.23 and continues to rise in subsequent years to 1.26 in 2023, 1.59 in 2024, and 2.19 in 2025. This pattern also signifies growing capital investment relative to asset depreciation, although the increase is less steep compared to Semiconductor Systems. The progression suggests a focus on strengthening or expanding service capabilities, with capital expenditures gradually exceeding asset consumption and amortization.
Overall, both segments demonstrate an increasing capital expenditure to depreciation ratio, with Semiconductor Systems showing a more robust increase. The data implies ongoing investment and asset base growth across the reporting periods, reflecting strategic priorities on asset renewal and expansion within both business units. The accelerating ratios in the latter years highlight intensified capital deployment, potentially positioning the segments for future operational scaling or technology advancements.
Segment Capital Expenditures to Depreciation: Semiconductor Systems
Applied Materials Inc.; Semiconductor Systems; segment capital expenditures to depreciation calculation
| Oct 26, 2025 | Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Capital expenditures | 507) | 425) | 381) | 249) | 228) | 226) |
| Depreciation/amortization | 192) | 168) | 235) | 203) | 194) | 219) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 2.64 | 2.53 | 1.62 | 1.23 | 1.18 | 1.03 |
Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).
1 2025 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation/amortization
= 507 ÷ 192 = 2.64
The analysis of the annual data for the Semiconductor Systems segment reveals notable trends in capital expenditures, depreciation/amortization, and the ratio of segment capital expenditures to depreciation over the examined periods.
- Capital Expenditures
- Capital expenditures have shown a consistent upward trajectory over the years. Beginning at US$226 million in 2020, these expenditures increased moderately to US$249 million by 2022. Subsequently, a more pronounced rise occurred, reaching US$381 million in 2023 and continuing to US$425 million and US$507 million in 2024 and 2025, respectively. This trend suggests a significant enhancement in investment activities within the segment, possibly directed towards expansion, upgrade, or capacity enhancement initiatives.
- Depreciation/Amortization
- Depreciation and amortization expenses exhibit a less consistent pattern. Starting at US$219 million in 2020, there was a decline to US$194 million in 2021. Values subsequently increased to US$203 million in 2022 and US$235 million in 2023, followed by a decline to US$168 million in 2024 before rising again to US$192 million in 2025. This fluctuation may reflect changes in asset base composition, the lifespan of assets, or accounting estimates related to asset depreciation.
- Segment Capital Expenditures to Depreciation Ratio
- The ratio of segment capital expenditures to depreciation has increased substantially over the timeframe. Initially near parity at 1.03 in 2020, the ratio climbed steadily to 1.18 in 2021 and 1.23 in 2022. A marked increase was noted thereafter, reaching 1.62 in 2023, and then more than doubling to 2.53 and 2.64 in 2024 and 2025, respectively. This rising ratio indicates that capital investments are growing at a faster pace relative to the rate at which assets are depreciated, signaling potential expansion or significant upgrades to the asset base within the segment.
Overall, the data reflect a strategic emphasis on increased capital investment in the Semiconductor Systems segment, outpacing the depreciation expense growth. This could indicate efforts to enhance operational capabilities or prepare for future growth opportunities. The variability in depreciation and amortization expenses suggests ongoing adjustments in asset management or accounting estimates.
Segment Capital Expenditures to Depreciation: Applied Global Services (AGS)
Applied Materials Inc.; Applied Global Services (AGS); segment capital expenditures to depreciation calculation
| Oct 26, 2025 | Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Capital expenditures | 57) | 35) | 39) | 38) | 29) | 30) |
| Depreciation/amortization | 26) | 22) | 31) | 31) | 32) | 34) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 2.19 | 1.59 | 1.26 | 1.23 | 0.91 | 0.88 |
Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).
1 2025 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation/amortization
= 57 ÷ 26 = 2.19
- Capital Expenditures
- The capital expenditures exhibited a generally increasing trend over the observed period. There was a slight decline from 30 million to 29 million in the first year, followed by a steady rise to 38 million and 39 million in subsequent years. After a minor dip to 35 million, a significant increase occurred in the final year, reaching 57 million. This suggests a growing investment in assets or infrastructure within the segment.
- Depreciation and Amortization
- Depreciation and amortization expenses showed a decreasing pattern initially, dropping from 34 million to 31 million over the first four years. This downward trend was followed by a more pronounced decline to 22 million, before slightly increasing to 26 million in the last year. This indicates possible changes in the asset base or adjustments in depreciation schedules over time.
- Segment Capital Expenditures to Depreciation Ratio
- The ratio of capital expenditures to depreciation steadily increased throughout the analyzed years. Starting below 1 at 0.88, it gradually rose to 1.23, 1.26, and further to 1.59 before peaking at 2.19 in the final year. A ratio above 1 signifies that capital spending is outpacing depreciation, which aligns with the rising capital expenditure trend and suggests expansion or asset renewal beyond simple asset replacement.
- Overall Insights
- The data reflect an overall expansionary phase for the segment, with increased capital investments that surpass the rate of asset depreciation. This may indicate strategic growth initiatives or modernization efforts. However, the sharp rise in capital expenditures in the latest year coupled with the relatively moderate increase in depreciation suggests a recent emphasis on acquiring new assets that have not yet significantly impacted amortization costs.
Net revenue
Applied Materials Inc., net revenue by reportable segment
US$ in millions
| Oct 26, 2025 | Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
|---|---|---|---|---|---|---|
| Semiconductor Systems | 20,798) | 19,911) | 19,698) | 18,797) | 16,286) | 11,367) |
| Applied Global Services (AGS) | 6,385) | 6,225) | 5,732) | 5,543) | 5,013) | 4,155) |
| Corporate and Other | 1,185) | 1,040) | 1,087) | 1,445) | 1,764) | 1,680) |
| Total | 28,368) | 27,176) | 26,517) | 25,785) | 23,063) | 17,202) |
Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).
- Semiconductor Systems Segment Revenue
- The Semiconductor Systems segment demonstrates consistent growth throughout the observed periods. Starting from $11,367 million in 2020, revenue increased substantially each year, reaching $20,798 million by 2025. The growth rate slowed slightly after 2022 but maintained an upward trajectory, reflecting sustained demand and possible market expansion within this segment.
- Applied Global Services (AGS) Segment Revenue
- The AGS segment also exhibits a steady increase over the timeframe. Beginning at $4,155 million in 2020, revenues rose each year to reach $6,385 million in 2025. The increments are relatively moderate and consistent, indicating stable growth and possibly enhanced customer service offerings or maintenance contracts contributing to revenue expansion.
- Corporate and Other Segment Revenue
- Revenues in the Corporate and Other category show a declining trend from 2020 to 2024, decreasing from $1,680 million down to $1,040 million, before slightly rebounding to $1,185 million in 2025. This pattern suggests reductions in miscellaneous income streams or operational restructuring that impacted this segment negatively prior to a modest improvement in the most recent period.
- Total Revenue
- Total annual net revenues display a clear upward trend across all periods, rising from $17,202 million in 2020 to $28,368 million in 2025. The growth is primarily driven by the Semiconductor Systems segment, supported by steady gains in Applied Global Services. The overall increase indicates positive momentum in the company’s business segments despite the minor volatility observed within Corporate and Other revenues.
Operating income (loss)
Applied Materials Inc., operating income (loss) by reportable segment
US$ in millions
| Oct 26, 2025 | Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
|---|---|---|---|---|---|---|
| Semiconductor Systems | 7,379) | 6,981) | 7,090) | 6,969) | 6,311) | 3,714) |
| Applied Global Services (AGS) | 1,792) | 1,812) | 1,657) | 1,661) | 1,508) | 1,127) |
| Corporate and Other | (882) | (926) | (1,093) | (842) | (930) | (476) |
| Total | 8,289) | 7,867) | 7,654) | 7,788) | 6,889) | 4,365) |
Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).
The operating income data for the reportable segments shows distinct trends over the six annual periods analyzed. Overall, the total operating income exhibits a positive growth trajectory, increasing from 4,365 million US dollars in the first year to 8,289 million US dollars in the final year.
- Semiconductor Systems
- This segment demonstrates a steady upward trend in operating income. Beginning at 3,714 million US dollars, income rose to 7,379 million US dollars by the last period. Growth was consistent with notable increases, especially between the initial years and from the penultimate to the final year, indicating sustained expansion and possibly increased operational efficiency or higher market demand.
- Applied Global Services (AGS)
- The AGS segment also shows an increasing operating income trend, although the growth is less pronounced than Semiconductor Systems. Starting at 1,127 million US dollars, the segment reached a peak operating income of 1,812 million US dollars before slightly declining to 1,792 million US dollars in the final period. This suggests a generally positive performance with a recent slight contraction or stabilization.
- Corporate and Other
- This category consistently reports negative operating income, reflecting costs or losses typically associated with corporate overhead and other non-operating activities. The losses deepened significantly in the second year to -930 million US dollars, fluctuated but remained high and relatively stable around -900 million to -1,093 million US dollars in subsequent years. This persistent negative figure indicates ongoing overhead costs impacting overall profitability but at a relatively stable level in recent years.
In summary, the total operating income growth is driven primarily by the Semiconductor Systems segment, complemented by steady contributions from Applied Global Services. The deliberate management of corporate expenses remains critical, as indicated by the sustained negative performance in the Corporate and Other category. The trends suggest continued strengthening in core operations with attention needed to control overhead expenditures to maximize overall profitability.
Depreciation/amortization
Applied Materials Inc., depreciation/amortization by reportable segment
US$ in millions
| Oct 26, 2025 | Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
|---|---|---|---|---|---|---|
| Semiconductor Systems | 192) | 168) | 235) | 203) | 194) | 219) |
| Applied Global Services (AGS) | 26) | 22) | 31) | 31) | 32) | 34) |
| Corporate and Other | 217) | 202) | 249) | 210) | 168) | 123) |
| Total | 435) | 392) | 515) | 444) | 394) | 376) |
Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).
- Overall Depreciation and Amortization Trend
- The total depreciation and amortization expense exhibits a general upward trend from 2020 through 2023, increasing from 376 million USD to a peak of 515 million USD. This indicates an expansion in asset base or increased capital expenditures during this period. However, a decline is observed in 2024, falling to 392 million USD, before partially recovering to 435 million USD in 2025. This fluctuation suggests some variability in asset utilization or changes in capital investment strategy.
- Semiconductor Systems Segment
- The depreciation expense in this segment displays moderate fluctuations. Starting at 219 million USD in 2020, it decreased to 194 million USD in 2021, followed by a slight rebound to 203 million USD in 2022. A significant increase to 235 million USD is noted in 2023, indicative of increased asset deployment or acquisition. Subsequently, there is a notable drop to 168 million USD in 2024, before a modest increase to 192 million USD in 2025. These variations may reflect adjustments in production capacity or changes in technological investment cycles.
- Applied Global Services (AGS) Segment
- The AGS segment exhibits a steady decline in depreciation expense from 34 million USD in 2020 to 31 million USD in 2022, maintaining the same level through 2023. A more pronounced decrease occurs in 2024 to 22 million USD, followed by a slight increase to 26 million USD in 2025. This pattern suggests a reduction in capital assets or more efficient asset usage within this service segment, with a slight reversal or reinvestment evident in the latest period.
- Corporate and Other Segment
- This segment shows a consistent upward trend from 123 million USD in 2020 to 249 million USD in 2023, representing a substantial increase. This rise may be associated with administrative or corporate asset investments or amortization of intangibles. In 2024, the depreciation and amortization expense declines to 202 million USD but rises again to 217 million USD in 2025, indicating some variability in corporate asset management or restructuring effects.
- Segment Contribution Insights
- Throughout the analyzed periods, the Corporate and Other segment's depreciation and amortization expense grows relatively faster and becomes a more significant proportion of the total. In contrast, the Semiconductor Systems and AGS segments demonstrate more variable and sometimes declining patterns, suggesting shifting priorities or capital allocation between core operational units and corporate functions.
Capital expenditures
Applied Materials Inc., capital expenditures by reportable segment
US$ in millions
| Oct 26, 2025 | Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
|---|---|---|---|---|---|---|
| Semiconductor Systems | 507) | 425) | 381) | 249) | 228) | 226) |
| Applied Global Services (AGS) | 57) | 35) | 39) | 38) | 29) | 30) |
| Corporate and Other | 1,696) | 730) | 686) | 500) | 411) | 166) |
| Total | 2,260) | 1,190) | 1,106) | 787) | 668) | 422) |
Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).
The capital expenditures across the segments demonstrate distinct trends over the observed periods, indicating shifts in investment focus and intensity.
- Semiconductor Systems
- The capital expenditures in Semiconductor Systems exhibit a consistent upward trend from 2020 to 2025. Beginning at 226 million USD in 2020, there is a steady increase each year, reaching 507 million USD in 2025. This represents more than a twofold increase over the six-year period, indicating a sustained and growing investment in this segment.
- Applied Global Services (AGS)
- The expenditures for Applied Global Services show moderate fluctuations with a general increasing pattern. Starting at 30 million USD in 2020, the allocation dips slightly in 2021 to 29 million USD, then rises to 38 million USD in 2022, continues nearly flat at 39 million USD in 2023, decreases to 35 million USD in 2024, and finally increases significantly to 57 million USD in 2025. Although minor variabilities are observed, the overall growth by 2025 is notable compared to 2020.
- Corporate and Other
- Capital expenditures in the Corporate and Other category reveal the most pronounced growth and volatility. Starting with 166 million USD in 2020, there is a substantial rise to 411 million USD in 2021, followed by continued increases to 500 million USD in 2022 and 686 million USD in 2023. The upward trend persists to 730 million USD in 2024 but escalates sharply to 1,696 million USD in 2025, more than doubling the previous year’s figure. This dramatic increase suggests significant new investments or reclassification effects in this segment in the most recent period.
- Total Capital Expenditures
- The total capital expenditures reflect the combined changes across segments, showing consistent growth throughout the period. Starting at 422 million USD in 2020, the total increases to 668 million USD in 2021 and continues upward to 787 million USD in 2022, 1,106 million USD in 2023, and 1,190 million USD in 2024. The total capital expenditures more than double to 2,260 million USD in 2025, driven largely by the substantial increase in the Corporate and Other category alongside steady growth in the Semiconductor Systems segment.
In summary, the capital spending patterns indicate a strategic emphasis on expanding the Semiconductor Systems segment steadily, modest but growing investments in Applied Global Services, and a dramatic rise in the Corporate and Other expenditures in the most recent year. This latter development notably influences the overall capital expenditure increase, pointing towards potentially new initiatives, acquisitions, or significant infrastructure investments in the corporate scope.