Applied Materials Posts Record $10.41 Billion Fourth-Quarter Revenue, Up 53%, Guides First Quarter to $11.1 Billion
Applied Materials, Inc. (NASDAQ: AMAT) on November 12, 2026, in Santa Clara, California, reported results for its fourth quarter and fiscal year ended October 25, 2026: fourth-quarter revenue reached a record $10.41 billion, up 53 percent year over year, with GAAP earnings per share of $3.40 and record non-GAAP earnings per share of $4.16.
On a GAAP basis, fourth-quarter gross margin was 50.4 percent and operating income was a record $3.66 billion, or 35.1 percent of revenue; non-GAAP gross margin was 50.6 percent and non-GAAP operating income was $3.68 billion. The company generated a record $3.30 billion in cash from operations in the quarter and returned $2.42 billion to shareholders through $2.00 billion in share repurchases and $421 million in dividends.
By segment, Semiconductor Systems revenue was $7.996 billion in the quarter, up from $4.879 billion a year earlier, driving most of the growth. President and CEO Gary Dickerson said the company delivered record results in fiscal 2026 and is on track to grow its Semiconductor Systems business by more than 40 percent in calendar 2026, as super intelligence (SI) continues to fuel strong demand for semiconductors.
For the full fiscal year, revenue was a record $34.45 billion, up 21 percent; GAAP earnings per share were a record $12.62 and non-GAAP earnings per share a record $12.89; and cash from operations was a record $8.87 billion.
The company also said its EPIC Center in Silicon Valley has been unveiled and four new research partnerships were added, bringing the total number of announced EPIC engagements to 15, with Intel joining as a founding partner and the UCLA Samueli School of Engineering among the new research partners.
For the first quarter of fiscal 2027, Applied expects total revenue of $11.1 billion, plus or minus $500 million, and non-GAAP diluted earnings per share of $4.35, plus or minus $0.20. (Source: Applied Materials, Inc)
Source: Applied Materials, Inc
Published by GSM · USA (original Chinese edition)
Photo: 图：应用材料公司位于加州 Santa Clara 的 Maydan 技术中心（Olaf Meister 摄，CC BY-SA 4.0，经 Wikimedia Commons）。 / Photo: Applied Materials' Maydan Technology Center in Santa Clara, California (Olaf Meister, CC BY-SA 4.0, via Wikimedia Commons).
