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Industry Segment Operations (Tables)

6 Months Ended

Apr. 27, 2025

Net revenue and operating income (loss) for each reportable segment were as follows:


	Three Months Ended				Six Months Ended
	Net Revenue		Operating Income (Loss)		Net Revenue		Operating Income (Loss)

	(In millions)
April 27, 2025:
Semiconductor Systems	$	5,255	$	1,900	$	10,611	$	3,886
Applied Global Services	1,566		446		3,160		893
Display	259		68		442		82
Corporate and Other	20		(245)		53		(517)
Total	$	7,100	$	2,169	$	14,266	$	4,344
April 28, 2024:
Semiconductor Systems	$	4,901	$	1,701	$	9,810	$	3,445
Applied Global Services	1,530		436		3,006		853
Display	179		5		423		30
Corporate and Other	36		(230)		114		(449)
Total	$	6,646	$	1,912	$	13,353	$	3,879

Details of goodwill by reportable segment as of April 27, 2025 and October 27, 2024 were as follows:


	April 27, 2025		October 27, 2024

	(In millions)
Goodwill by reportable segment
Semiconductor Systems	$	2,476	$	2,460
Applied Global Services	1,032		1,032
Display	199		199
Corporate and Other	41		41
	$	3,748	$	3,732

Schedule of Revenue from External Customers by Geographic Areas

Net revenue by geographic region, determined by the location of customers’ facilities to which products were shipped and services were performed, was as follows:


	Three Months Ended										Six Months Ended
	April 27, 2025				April 28, 2024				Change		April 27, 2025				April 28, 2024				Change

	(In millions, except percentages)
China	$	1,774	25	%	$	2,831	43	%	(37)	%	$	4,017	28	%	$	5,828	44	%	(31)	%
Korea	1,562		22	%	988		15	%	58	%	3,229		23	%	2,219		16	%	46	%
Taiwan	1,997		28	%	1,019		15	%	96	%	3,180		22	%	1,578		12	%	102	%
Japan	572		8	%	453		7	%	26	%	1,112		8	%	1,018		8	%	9	%
Southeast Asia	135		2	%	213		3	%	(37)	%	421		3	%	399		3	%	6	%
Asia Pacific	6,040		85	%	5,504		83	%	10	%	11,959		84	%	11,042		83	%	8	%
United States	808		11	%	853		13	%	(5)	%	1,725		12	%	1,612		12	%	7	%
Europe	252		4	%	289		4	%	(13)	%	582		4	%	699		5	%	(17)	%
Total	$	7,100	100	%	$	6,646	100	%	7	%	$	14,266	100	%	$	13,353	100	%	7	%

Schedule of Disaggregation of Revenue

Net revenue for Semiconductor Systems by market for the periods presented were as follows:


	Three Months Ended				Six Months Ended
	April 27, 2025		April 28, 2024		April 27, 2025		April 28, 2024
Foundry, logic and other	65	%	65	%	66	%	63	%
Dynamic random-access memory (DRAM)	27	%	32	%	28	%	33	%
Flash memory (NAND)	8	%	3	%	6	%	4	%

	100	%	100	%	100	%	100	%

Schedule of Reconciliations of Total Segment Operating Income to Consolidated Operating Income (Loss)

The reconciling items included in Corporate and Other were as follows:


	Three Months Ended				Six Months Ended
	April 27, 2025		April 28, 2024		April 27, 2025		April 28, 2024

	(In millions)
Unallocated net revenue	$	20	$	36	$	53	$	114
Unallocated cost of products sold and expenses	(265)		(266)		(570)		(563)





Total	$	(245)	$	(230)	$	(517)	$	(449)

Schedule of Companies Accounted for at Least 10 Percent of Net Sales

The following customers accounted for at least 10 percent of our net revenue for the six months ended April 27, 2025, and sales to these customers included products and services from multiple reportable segments.


	Percentage of Net Revenue
Taiwan Semiconductor Manufacturing Company Limited	18	%
Samsung Electronics Co., Ltd.	17	%