Applied Materials beats fourth-quarter estimates and guides higher

Applied Materials reported record fiscal fourth-quarter revenue of $10.41 billion and adjusted earnings of $4.16 a share, both ahead of consensus, and guided first-quarter revenue and earnings above expectations.

Why it matters: Applied is the largest maker of chipmaking equipment, so a record quarter and an above-consensus guide are a direct read on how hard chipmakers are still spending on AI capacity.

Data as of Applied Materials' Form 8-K filed November 12, 2026 (accession 0001628280-26-073360), surfaced by the SEC filings lane; the lane's cached copy carried the 8-K cover without the earnings exhibit text. Morning update November 13, 2026: all figures re-verified against the company's own GlobeNewswire release of November 12, 2026 (record revenue 10.41 billion dollars, GAAP EPS 3.40 dollars, non-GAAP EPS 4.16 dollars, full year revenue 34.45 billion dollars, first quarter guide 11.1 billion dollars plus or minus 500 million), corroborated by the earnings call transcript; grade raised to A on the primary release. Developing item.

Applied Materials reported fiscal fourth-quarter revenue of $10.41 billion, up about 53 percent year over year, and adjusted earnings per share of $4.16, up 92 percent, against consensus of $10.3 billion and $4.06. Semiconductor Systems revenue was $7.996 billion, Applied Global Services $1.896 billion and other revenue $517 million; adjusted gross margin was 50.6 percent, adjusted operating income a record $3.68 billion and free cash flow $2.62 billion. Full-year revenue rose 21 percent to $34.45 billion, with adjusted earnings per share up 37 percent to $12.89.

For the first quarter of fiscal 2027 the company guided revenue to $11.1 billion, plus or minus $500 million, against estimates of $10.84 billion, and adjusted earnings per share to $4.35, plus or minus 20 cents, against expectations of $4.25. The shares gained in after-hours trading.

Applied Materials beats fourth-quarter estimates and guides higher

Sources