<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FORM NOVELLUS SYSTEMS, INC 1995 10K AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> DEC-31-1995 <CASH> 60,114 <SECURITIES> 89,685 <RECEIVABLES> 114,284 <ALLOWANCES> 2,196 <INVENTORY> 36,779 <CURRENT-ASSETS> 318,163 <PP&E> 68,450 <DEPRECIATION> 23,745 <TOTAL-ASSETS> 364,688 <CURRENT-LIABILITIES> 91,906 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 118,423 <OTHER-SE> 154,359 <TOTAL-LIABILITY-AND-EQUITY> 364,688 <SALES> 373,732 <TOTAL-REVENUES> 373,732 <CGS> 157,585 <TOTAL-COSTS> 157,585 <OTHER-EXPENSES> 100,356 <LOSS-PROVISION> 495 <INTEREST-EXPENSE> 227 <INCOME-PRETAX> 125,065 <INCOME-TAX> 42,522 <INCOME-CONTINUING> 82,543 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 82,543 <EPS-PRIMARY> 4.82 <EPS-DILUTED> 4.82