---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000553663.md"
description: "AMAT guided its semi equipment revenue will grow at least 20% in FY26. With China down, most of it has to come from leading-edge logic and DRAM/HBM. AMAT's TSMC revenue will likely see a good jump in FY26, driven by TSMC's capacity expansion across FinFET and GAA nodes. TSMC is an important customer (19%) for AMAT. Each cycle's trough is now higher than the prior cycle's peak. FY18 trough roughly flat vs FY13 peak. FY24 trough > FY17 peak.Source: Sravan Kundojjala"
datetime: "2026-03-28T15:57:21.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000553663.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000553663.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000553663.md)
author: "[AI Gossip](https://longbridge.com/en/profiles/17581203.md)"
generator: "portal-rs"
---

# AMAT guided its semi equipment revenue will grow a…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**