Skip to content
Fear & Greed28 Fear
Crypto market$2.44T−3.5%24h breadth39 up214 downBitcoin$71,431−4.3%Ethereum$2,015−3.2%Solana$81−4.5%XRP$1.04−2.9%BNB$655−4.7%Top gainersSECZ$9.06+6.2%LIT$0.743+5.2%XMR$119+4.8%Top losersNES$0.145−23.4%STX$0.284−10.5%QNT$162−9%StocksNVDA$166−4.3%TSLA$397+1.7%AAPL$355−0.2%MSFT$523+0.4%COIN$131−4.1%
Advertisement
Applied Materials posts $10.41 billion fourth quarter as revenue jumps 53%

Applied Materials posts $10.41 billion fourth quarter as revenue jumps 53%

The chip equipment maker beat estimates on revenue and earnings, capping a fiscal year with record cash flow

by Vivian Nguyen

2 min read

In Stocks

Share

Follow on Google

Applied Materials just turned in the kind of quarter that makes earnings calls feel like victory laps. The semiconductor equipment maker reported fiscal fourth-quarter revenue of $10.41 billion, up 53% from the same period a year earlier.

Adjusted earnings came in at $4.16 per share, a 92% year-over-year increase. Both numbers topped Wall Street’s expectations.

Applied Materials (NASDAQ: AMAT) released the results on November 12, 2026. The quarter wrapped up a fiscal year that ended October 25, 2026.

Inside the numbers

The bottom line moved even faster than the top line. Non-GAAP earnings per share climbed 92% to $4.16, meaning profit per share nearly doubled in a single year.

Advertisement

Margins tell the efficiency story. Quarterly non-GAAP gross margin hit 50.6%, an improvement of 250 basis points from a year earlier.

The full-year picture

Zoom out to the whole fiscal year and the growth looks steadier but still impressive. Annual revenue totaled $34.45 billion, up 21% from the prior year.

Full-year non-GAAP earnings per share reached $12.89, a 37% increase. Gross margin for the year came in at 50.1%, up 130 basis points year-over-year.

The comparison between the quarter and the year is worth pausing on. Fourth-quarter growth of 53% ran well ahead of the full-year pace of 21%, which suggests momentum built as the year went on rather than fading.

Cash generation also set a record. Operating cash flow for the year reached $8.87 billion, the highest in company history.

Applied Materials sent $4.75 billion of that back to shareholders through dividends and stock buybacks.

The AI factor and the R&D push

The company’s Semiconductor Systems business, its core equipment segment, is projected to grow more than 40% for calendar year 2026.

Applied Materials is also investing in collaboration. Following the unveiling of its EPIC Center, a research and development facility in Silicon Valley, the company has announced 15 R&D partnerships tied to the center.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Next in Stocks Applied Materials set to report earnings with $4.06 EPS estimate