53% revenue growth from the company that sells the tools to build AI chips, and the stock closed down 3.58% before the report even hit.
53% revenue growth from the company that sells the tools to build AI chips, and the stock closed down 3.58% before the report even hit. To me the people most affected here are the chipmakers writing AMAT those checks, because their spending is what shows up in this line.
- Applied Materials reported record fiscal Q4 revenue of $10.41 billion at 4:01pm ET on Nov 12, up 53% year over year, versus about $10.30 billion expected. Non-GAAP EPS was $4.16, ahead of the roughly $4.06 analysts expected.
- Q1 guidance is $11.10 billion ± $500 million in revenue and $4.35 ± $0.20 in non-GAAP EPS. The company credits AI-related semiconductor demand.
- The stock closed at $380.95, down 3.58% in the regular session. After hours it was $380.24, down 0.19% from the close as of the latest snapshot, with reports of an initial rise that faded.
- Cisco also reported after the close and raised its fiscal 2027 revenue outlook to $74.8 to $75.8 billion, a second read on AI infrastructure spending that's holding up.
This nudges my mixed AI capex view a bit, since equipment suppliers getting paid means the build-out is funded, but I still want cash flow across most AI names before I flip. On a solid company that sold off ahead of a beat, my instinct leans toward cash-secured puts over chasing it, though Friday's session could prove me wrong.
Source:
StockTitan — Stock Market Today Live: https://www.stocktitan.net/articles/stock-market-today-live-november-12-2026
Not financial advice. For informational and educational purposes only.