Industry Segment Operations (Tables)

9 Months Ended

Jul. 27, 2025

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


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

	(In millions)
July 27, 2025:
Semiconductor Systems	$	5,427	$	1,966	$	16,038	$	5,852
Applied Global Services	1,600		445		4,760		1,338
Display	263		62		705		144
Corporate and Other	12		(240)		65		(757)
Total	$	7,302	$	2,233	$	21,568	$	6,577
July 28, 2024:
Semiconductor Systems	$	4,924	$	1,712	$	14,734	$	5,157
Applied Global Services	1,580		467		4,586		1,320
Display	251		16		674		46
Corporate and Other	23		(253)		137		(702)
Total	$	6,778	$	1,942	$	20,131	$	5,821

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


	July 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										Nine Months Ended
	July 27, 2025				July 28, 2024				Change		July 27, 2025				July 28, 2024				Change

	(In millions, except percentages)
China	$	2,548	35	%	$	2,153	32	%	18	%	$	6,565	30	%	$	7,981	40	%	(18)	%
Korea	1,160		16	%	1,102		16	%	5	%	4,389		20	%	3,321		16	%	32	%
Taiwan	1,843		25	%	1,148		17	%	61	%	5,023		23	%	2,726		14	%	84	%
Japan	713		10	%	555		8	%	28	%	1,825		9	%	1,573		8	%	16	%
Southeast Asia	195		3	%	428		6	%	(54)	%	616		3	%	827		4	%	(26)	%
Asia Pacific	6,459		89	%	5,386		79	%	20	%	18,418		85	%	16,428		82	%	12	%
United States	683		9	%	1,053		16	%	(35)	%	2,408		11	%	2,665		13	%	(10)	%
Europe	160		2	%	339		5	%	(53)	%	742		4	%	1,038		5	%	(29)	%
Total	$	7,302	100	%	$	6,778	100	%	8	%	$	21,568	100	%	$	20,131	100	%	7	%

Schedule of Disaggregation of Revenue

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


	Three Months Ended				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024
Foundry, logic and other	69	%	72	%	67	%	66	%
Dynamic random-access memory (DRAM)	22	%	24	%	26	%	30	%
Flash memory (NAND)	9	%	4	%	7	%	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				Nine Months Ended
	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024

	(In millions)
Unallocated net revenue	$	12	$	23	$	65	$	137
Unallocated cost of products sold and expenses	(252)		(276)		(822)		(839)





Total	$	(240)	$	(253)	$	(757)	$	(702)