Applied Materials vs. Intel: Examining Revenue Growth Trajectories of These Artificial Intelligence Companies

Applied Materials and Intel are both benefiting from the AI boom in 2026 after struggling in 2025. Applied Materials achieved record revenue of $9.1 billion in Q2 2026, representing 25% year-over-year growth with a 34% operating margin. Intel's revenue reached $16.1 billion in Q2 2026, also up 25% year-over-year, but the company reported a $10.8 billion net loss due to a non-cash CHIPS Act accounting charge. Applied Materials shows stronger momentum with three consecutive quarterly gains, while Intel maintains higher absolute revenue but faces profitability challenges.