Applied Materials, Inc.: Beat — EPS $4.16, Revenue $10.41B
Earnings BeatQ4 2026 · After-market
Did Applied Materials, Inc. (AMAT) beat earnings today?
Yes, Applied Materials, Inc. (AMAT) beat Wall Street analyst expectations for Q4 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+2.72% surprise
$4.16Actual
Expected: $4.05
vs. year ago +92.0%
Total Revenue+1.06% surprise
$10.41BActual
Expected: $10.3B
vs. year ago +53.0%
Released Nov 12 · 4:01 PM ET
Earning Report
| Metric | Q4 FY2026 | Q4 FY2025 | YoY Change % |
|---|---|---|---|
| Revenue | $10.41B | $6.80B | +53.0% |
| Revenue detail — reported lines | |||
| └─Semiconductor Systems | $8.00B | $4.88B | +63.9% |
| └─Applied Global Services | $1.90B | $1.51B | +25.9% |
| └─Other | $517.00M | $415.00M | +24.6% |
| Net income | $2.72B | $1.90B | +43.0% |
| Basic EPS | $3.43 | $2.39 | +43.5% |
| Diluted EPS | $3.40 | $2.38 | +43.0% |
| Non-GAAP diluted EPS | $4.16 | $2.17 | +92.0% |
Financial Outlook / Guidance
| Metric | Q1 FY2027 Outlook | |
|---|---|---|
| Guidance | Expected | |
| Total revenue | $11,100M ± $500M | $10.84BIn-Line |
| Non-GAAP diluted EPS | $4.35 ± $0.20 | $4.25In-Line |
Q1 FY2027 Outlook
- Total revenue
- Guidance$11,100M ± $500MExpected$10.84BIn-Line
- Non-GAAP diluted EPS
- Guidance$4.35 ± $0.20Expected$4.25In-Line
Business Highlights
- ➤Unveiled the EPIC Center in Silicon Valley for collaborative semiconductor R&D.
- ➤Added four EPIC partnerships, bringing announced engagements to 15.
- ➤Intel joined EPIC as a founding partner for next-generation chipmaking innovations.
- ➤KIOXIA joined as an innovation partner for next-generation memory technologies.
- ➤Besi joined EPIC, expanding co-innovation into new interconnect architectures.
- ➤UCLA Samueli joined as a research partner addressing materials and integration challenges.
- ➤Introduced the VeritySEM™ 20 next-generation CD-SEM metrology system.
- ➤VeritySEM 20 targets high-NA EUV patterning-control challenges using AI-driven process efficiencies.
- ➤Entered an accelerated share purchase agreement to raise its Besi investment to approximately 20%.
- ➤Hosted an Investor Breakfast Presentation during SEMICON West on longer-term growth expectations.
- ➤Executed the largest quarterly share buyback in more than eight years.
Management Commentary
Gary Dickerson, President and CEO
“Applied Materials delivered record results in fiscal 2026, and we are on track to grow our Semiconductor Systems business more than 40 percent in our calendar 2026. AI continues to fuel strong incremental demand for semiconductors and Applied has built the most-enabling portfolio to advance the AI-computing roadmap, putting us in a great position for multi-year revenue and profit growth.”
Brice Hill, Senior Vice President and CFO
“With technology leadership in the most critical areas of the wafer fab equipment market, Applied Materials increased fiscal fourth quarter revenue by 53 percent year over year and non-GAAP earnings per share by 92 percent. We generated record quarterly free cash flow of $2.6 billion and distributed over $2.4 billion to shareholders, including the largest quarterly share buyback in more than eight years.”