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Where the Profit Sits in the Chip Value Chain
Gross margin, trailing twelve months, by company and stage, %
Plays the chart through its history. Pauses are where a new leader takes first place.
Palanor calculation from SEC EDGAR XBRL filings (10-K, 10-Q, 20-F, 6-K): gross profit ÷ revenue, trailing twelve months at each company's latest quarter; ASML and TSMC file their quarters without XBRL, so theirs is the latest fiscal year. GAAP or IFRS as reported. Intel Foundry reports no gross margin, so Intel appears whole. Tokyo Electron does not file with the SEC.
Our own version of the chip value chain, from the companies' filings rather than an industry report. Chip IP and design software keep the most of each sales dollar; fabless designers, toolmakers and the leading foundry about half to three quarters; packaging, test and distribution a thin slice. Each label names the company's stage.
What this chart reads·16 series
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- Cadence Gross Margin, Trailing Twelve Monthsas “Cadence · EDA”behindlatest 2026-03-31
- Synopsys Gross Margin, Trailing Twelve Monthsas “Synopsys · EDA”latest 2026-07-31
- Arm Gross Margin, Trailing Twelve Monthsas “Arm · IP”latest 2026-06-30
- ASML Gross Margin, Trailing Twelve Monthsas “ASML · equipment”latest 2025-12-31
- Applied Materials Gross Margin, Trailing Twelve Monthsas “Applied Materials · equipment”latest 2026-07-26
- Lam Research Gross Margin, Trailing Twelve Monthsas “Lam Research · equipment”latest 2026-06-28
- KLA Gross Margin, Trailing Twelve Monthsas “KLA · equipment”latest 2026-06-30
- Nvidia Gross Margin, Trailing Twelve Monthsas “Nvidia · design”latest 2026-07-26
- AMD Gross Margin, Trailing Twelve Monthsas “AMD · design”latest 2026-06-27
- Qualcomm Gross Margin, Trailing Twelve Monthsas “Qualcomm · design”latest 2026-06-28
- Broadcom Gross Margin, Trailing Twelve Monthsas “Broadcom · design”latest 2026-08-02
- TSMC Gross Margin, Trailing Twelve Monthsas “TSMC · foundry”latest 2025-12-31
- Intel Gross Margin, Trailing Twelve Monthsas “Intel · integrated”latest 2026-06-27
- Amkor Gross Margin, Trailing Twelve Monthsas “Amkor · packaging”behindlatest 2026-03-31
- Arrow Electronics Gross Margin, Trailing Twelve Monthsas “Arrow Electronics · distribution”latest 2026-07-04
- Avnet Gross Margin, Trailing Twelve Monthsas “Avnet · distribution”latest 2026-06-27
Sources·16 sources
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Cadence Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Synopsys Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Arm Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
ASML Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Applied Materials Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Lam Research Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
KLA Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Nvidia Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
AMD Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Qualcomm Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Broadcom Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
TSMC Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Intel Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Amkor Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Arrow Electronics Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Avnet Gross Margin, Trailing Twelve Months. Source: U.S. Securities and Exchange Commission, EDGAR XBRL filings; calculated by Palanor. Public domain.
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.