Applied Materials posts record Q4 revenue, up 53%, and guides above estimates (Nov 12)
What happened
Applied Materials reported fiscal Q4 and full-year 2026 results after the close on Thursday, November 12. Quarterly revenue was a record $10.41 billion, up 53% year over year, versus $10.30 billion expected; non-GAAP EPS was a record $4.16, up 92% year over year, versus the $4.06 consensus, and GAAP EPS was $3.40, up 43%. For the full fiscal year, revenue was a record $34.45 billion, up 21%, with non-GAAP EPS of $12.89, up 37%. The company guided fiscal Q1 2027 revenue to about $11.10 billion (plus or minus $500 million) and non-GAAP EPS to $4.35 (plus or minus $0.20), both above Wall Street consensus of $10.89 billion and $4.25. Semiconductor Systems revenue jumped 64% to nearly $8 billion. CEO Gary Dickerson said Applied is on track to grow its Semiconductor Systems business more than 40% in calendar 2026. Despite the beat and raise, shares slipped in after-hours trading.
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Start your free 14-day trialWho’s affected
- Applied Materials (AMAT) — direct: shares slipped in after-hours trading despite beating estimates and raising guidance, per TipRanks. Semiconductor equipment peers (Lam Research, KLA, ASML, Tokyo Electron) get a positive demand read-through from the record quarter and above-consensus guide. Chipmakers (TSMC, Intel, Micron, Samsung) — Applied's order book and outlook are an early signal of their fab capex plans, with DRAM rising to 33% of Semiconductor Systems revenue from 28% a year ago, pointing to strong memory investment.