Applied Materials · customer concentration
Applied Materials’s biggest customers
Who are Applied Materials’s biggest customers?
Customer One: 19% of FY2025 revenue
The filing does not name this customer. Hollsteen never guesses names.
“During fiscal 2025, two customers accounted for approximately 19% and 15%, respectively, of our net revenue.”
Applied Materials 10-K, verbatim · 10-K · filed Dec 12, 2025
Numbers, method and sources
Share of revenue per customer as tagged in the filing’s XBRL (ConcentrationRiskPercentage, benchmark revenue). US GAAP requires disclosure only for customers with at least 10% of revenue; a year without a customer means below 10% or not disclosed. Labels like “Customer A” are the filer’s own; the same label is not guaranteed to be the same customer every year.
FY2025
- Customer One (not named in filing) 19%
- Customer Two (not named in filing) 15%
FY2024
- Customer One (not named in filing) 12%
- Customer Two (not named in filing) 11%
FY2023
- Customer One (not named in filing) 19%
- Customer Two (not named in filing) 15%
FY2022
- Taiwan Semiconductor Manufacturing Company Limited 20%
- Samsung Electronics Co. Ltd. 12%
- Intel Corporation 10%
FY2021
- Samsung Electronics Co. Ltd. 20%
- Taiwan Semiconductor Manufacturing Company Limited 15%
FY2020
- Samsung Electronics Co. Ltd. 18%
- Taiwan Semiconductor Manufacturing Company Limited 18%
FY2019
- Taiwan Semiconductor Manufacturing Company Limited 14%
- Intel Corporation 12%
“During fiscal 2023, two customers accounted for approximately 19% and 15%, respectively, of our net revenue.”
SEC filings only. No market data.
Is Applied Materials getting more dependent on one customer?
Largest disclosed customer, by fiscal year
All Applied Materials facts from SEC filings · Customer concentration of all companies