$AMAT · APPLIED MATERIALS INC /DE
Applied Materials reported Q4 FY2026 (ended Oct 25, 2026) results: record revenue $10.41B, up 53% YoY; GAAP EPS $3.40 and non-GAAP EPS $4.16, up 43% and 92% YoY respectively. Full-year FY2026 revenue was a record $34.45B (+21% YoY) with GAAP EPS $12.62 and non-GAAP EPS $12.89. Q1 FY2027 guidance calls for revenue of $11.1B ± $500M and non-GAAP EPS of $4.35 ± $0.20.
- Q4 revenue $10.41B, up 53% YoY; full-year revenue $34.45B, up 21% YoY.
- Non-GAAP EPS $4.16 in Q4, up 92% YoY; GAAP EPS $3.40, up 43%.
- Semiconductor Systems Q4 revenue $7.996B, up from $4.879B a year ago.
- Q4 free cash flow $2.616B; $2.0B in share repurchases and $421M in dividends.
- Q1 FY2027 guidance: revenue $11.1B ± $500M, non-GAAP EPS $4.35 ± $0.20.
Extended-hours last trade $387.07, up 1.61% vs the $380.95 regular close, signaling a positive after-hours reaction to the beat and strong guidance.
Applied Materials delivered record results and raised guidance on AI-driven semiconductor demand, confirming the AI capex cycle is still accelerating.
AI-driven semiconductor demand is lifting wafer-fab-equipment peers; Applied's 53% YoY revenue growth and DRAM mix shift to 33% underscore the AI capex cycle.
Guidance midpoint implies a sequential revenue step-up to $11.1B, leaving limited room for miss; export-control and China exposure remain recurring risks for the sector.