Industry Segment Operations (Tables)

3 Months Ended

Jan. 25, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting

Information for each reportable segment for and as of the end of each reporting period was as follows:

	Semiconductor Systems			Applied Global Services			Other		Total
	(In millions, except percentages)
Three Months Ended January 25, 2026
Revenue	$	5,141		$	1,559		$	312	$	7,012
Costs of products sold	2,347			1,022			208		3,577
Gross profit	$	2,794		$	537		$	104	$	3,435
Gross margin	54.3		%	34.4		%			49.0		%
Operating expenses:
Research, development and engineering	798			18			112		928
Selling, general and administrative	316			81			14		411
Legal settlement	253			—			—		253
Restructuring charges	—			—			12		12
Operating income (loss)	$	1,427		$	438		$	(34)	$	1,831
Operating margin	27.8		%	28.1		%			26.1		%
Depreciation and amortization	$	81		$	14		$	32	$	127
Capital expenditures	$	76		$	10		$	560	$	646
Balance as of January 25, 2026
Accounts receivable	$	3,687		$	1,203		$	87	$	4,977
Inventories	$	4,047		$	1,826		$	124	$	5,997
Goodwill	$	2,544		$	964		$	199	$	3,707

	Semiconductor Systems			Applied Global Services			Other		Total
	(In millions, except percentages)
Three Months Ended January 26, 2025
Revenue	$	5,597		$	1,353		$	216	$	7,166
Costs of products sold	2,611			916			143		3,670
Gross profit	$	2,986		$	437		$	73	$	3,496
Gross margin	53.4		%	32.3		%			48.8		%
Operating expenses:
Research, development and engineering	734			14			111		859
Selling, general and administrative	380			87			(5)		462
Operating income (loss)	$	1,872		$	336		$	(33)	$	2,175
Operating margin	33.4		%	24.8		%			30.4		%
Depreciation and amortization	$	69		$	12		$	24	$	105
Capital expenditures	$	107		$	4		$	270	$	381
Balance as of January 26, 2025
Accounts receivable	$	4,779		$	1,105		$	114	$	5,998
Inventories	$	3,543		$	1,810		$	148	$	5,501
Goodwill	$	2,564		$	964		$	240	$	3,768

Schedule of Revenue from External Customers by Geographic Areas

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
	January 25, 2026				January 26, 2025				Change
	(In millions, except percentages)
China	$	2,095	30	%	$	2,243	31	%	(7)	%
Korea	1,458		21	%	1,667		23	%	(13)	%
Taiwan	1,722		25	%	1,183		17	%	46	%
Japan	525		7	%	540		8	%	(3)	%
Southeast Asia	335		5	%	286		4	%	17	%
Asia Pacific	6,135		88	%	5,919		83	%	4	%
United States	656		9	%	917		13	%	(28)	%
Europe	221		3	%	330		4	%	(33)	%
Total	$	7,012	100	%	$	7,166	100	%	(2)	%

Schedule of Disaggregation of Revenue

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

	Three Months Ended
	January 25, 2026		January 26, 2025
Foundry, logic and other	62	%	69	%
Dynamic random-access memory (DRAM)	34	%	27	%
Flash memory (NAND)	4	%	4	%
	100	%	100	%