Results for the latest quarter from around 80 companies in the semiconductor sector reveal that the artificial intelligence boom is no longer confined to companies known for designing computing accelerators. It is now supporting a broad chain that includes HBM memory, data centers, advanced packaging, testing equipment, manufacturing tools, insulators and materials. According to the compilation published by Semiconductor Engineering, 11 companies recorded triple-digit year-over-year growth, while nearly all companies were in positive territory.
The percentages in the report compare revenue with the same period of the previous year. Revenue figures in dollars were converted into U.S. dollars when companies used other currencies, which may cause a limited difference between the reported growth rate and the converted value.
Artificial Intelligence Drives the Growth Peaks
Memory companies and artificial intelligence infrastructure component providers were among the biggest beneficiaries. NVIDIA generated revenue of $81.60 billion, with data center revenue reaching $75.2 billion, an annual increase of 92%. AMD recorded revenue of $11.54 billion, while its data center revenue rose 107% to $6.7 billion, equivalent to 58% of the company’s total revenue.
In the memory sector, Micron Technology revenue jumped 345.7% to $41.46 billion, while SK hynix revenue rose 257% to $56 billion, with volume shipments of HBM4 beginning. Kioxia Holdings also recorded growth of 415.5% to $11.09 billion, and Sandisk revenue rose 372% to $8.97 billion, driven by NAND pricing and demand from data centers.
Nanya Technology had the highest growth rate mentioned in the list, with revenue rising 684.2% to $2.58 billion and its gross margin reaching 79.5%. Samsung Electronics also generated total revenue of $121.08 billion, an increase of 129.9%, with its semiconductor division, driven by AI memory and HBM, serving as a key engine of this surge.
The Wave Extends to Equipment, Packaging and Testing
The effects of AI demand are not visible only among processor designers. Applied Materials revenue grew 25% to $9.115 billion, benefiting from its DRAM, advanced logic manufacturing and advanced packaging businesses. ASML revenue rose 21.2% to $10.78 billion, while demand for EUV technologies and advanced manufacturing nodes supported higher sales forecasts for 2026.
In testing equipment, Advantest recorded growth of 39.3% to $2.31 billion, driven by demand from AI and high-performance computing, and raised its annual sales forecast. Teradyne nearly doubled its revenue, recording growth of 104% to $1.329 billion as a result of demand for AI-related DRAM and NAND memory testing. The testing opportunity related to AI-based computing at Cohu reached approximately $850 million, according to the company’s commentary.
Amkor Technology revenue also rose 26% to $1.90 billion, while ASE Technology’s packaging and testing business recorded growth of 26.7%. Besi achieved growth of 68.7% to $289 million, driven by hybrid bonding, photonics and data center component packaging. The trend was repeated at ASMPT, whose revenue grew 52.1% to $630 million on the strength of AI, photonics and advanced packaging.
What Does This Mean for the Chip Supply Chain?
The aggregated results indicate that AI spending is passing through multiple stages of the value chain. Rising demand for accelerators requires high-bandwidth memory, data-link and data-transfer technologies, more complex packaging, and measurement and testing tools capable of handling larger and denser chips. As a result, strong growth rates emerged at companies such as Astera Labs, whose revenue increased 104% to $392.4 million due to AI-related connectivity, and Credo, whose revenue rose 157% to $437 million for the same reason.
The impact also extended to software and tools used in chip design. Synopsys revenue grew 41.9% to $2.276 billion, with demand for design tools and intellectual property increasing as a result of the complexity of AI-supported chips. Cadence raised its forecast after revenue grew 24.2% to $1.584 billion, driven by AI-assisted design and advanced packaging.
Phones and Consumer Electronics Are Not Moving at the Same Pace
By contrast, results were more mixed in phone- and consumer-related markets. Qualcomm revenue fell 4% to $9.95 billion, with phone revenue declining 20%, despite growth in the automotive and Internet of Things segments. Skyworks Solutions recorded an annual decline of 3.1% to $934.8 million, while MediaTek achieved limited growth of 1.2% to $4.75 billion, as the strength of smart-edge platforms offset weaker phone demand.
In other sectors, signs of a broader market improvement emerged. Texas Instruments revenue grew 23% to $5.46 billion as analog demand recovered in the industrial, data center and automotive markets, while NXP Semiconductors revenue rose 19% to $3.50 billion as growth returned across all markets and regions. Intel also recorded its strongest revenue growth in more than 15 years, with Intel Foundry business increasing 31%, although the table did not provide an overall growth rate.
These figures are a presentation of reported results and are not investment advice. The report used reported GAAP or IFRS revenue, depending on the company, with some percentages and values rounded. For reading the overall trend, the clearest picture is the expansion of spending on the infrastructure required for artificial intelligence, alongside a less uniform recovery in chips aimed directly at phones and consumer products.