Applied Materials Q4 Revenue Jumps 53% as AI Chip Demand Lifts Equipment Orders; Next-Quarter Guidance Beats

• Dispatched: Nov 12, 2026 · 17:14 ET (22:14 UTC)

One-sentence summary: Applied Materials, the largest US semiconductor equipment maker, reported fiscal fourth-quarter revenue of $10.41 billion, up 53% year over year and above the $10.30 billion analyst average, with adjusted earnings of $4.16 per share beating the $4.06 estimate, and guided fiscal first-quarter revenue to about $11.10 billion, above the $10.89 billion consensus; shares rose about 3% in extended trading.

Verification status: ✓ Official company results, cross-checked by Reuters and InvestingLive.

Core Facts & Consensus Delta:

The company reported after the market close on 2026-11-12; Reuters and TipRanks carried the results at about 16:09 ET / 21:09 UTC. Fourth-quarter revenue of $10.41 billion rose 53% from a year earlier, above the $10.30 billion analyst average cited by Reuters. Adjusted earnings per share were $4.16, up 92% year over year and above the $4.06 consensus. By segment, Semiconductor Systems contributed $7.996 billion, Applied Global Services $1.896 billion and other businesses $517 million. Non-GAAP gross margin reached 50.6%, up 250 basis points from a year earlier. For fiscal 2026 as a whole, revenue totaled $34.45 billion, up 21%, full-year non-GAAP earnings per share were $12.89, up 37%, and operating cash flow reached a record $8.87 billion, of which $4.75 billion was returned to shareholders through dividends and buybacks. For the fiscal first quarter of 2027, the company forecast revenue of about $11.10 billion, plus or minus $500 million, against a $10.89 billion estimate, and earnings guidance of $4.15–4.55 per share against a $4.21 consensus — the low end of the range sits below consensus, leaving a wide outcome. The company expects its Semiconductor Systems business to grow more than 40% in calendar 2026.

Supply-Chain & Market Read-Through: Applied Materials' revenue and guidance are a coincident indicator of wafer-fab capital spending: 53% growth and above-consensus guidance show that advanced-node and CoWoS capacity expansion by customers such as TSMC is still proceeding, corroborating Samsung's groundbreaking on its Onyang HBM packaging plant and TSMC's record October revenue. Equipment orders feed directly into the capacity-expansion pace of the major memory makers (SK Hynix 000660.KS, Samsung Electronics 005930.KS, Micron MU, SanDisk SNDK): with long equipment lead times, Applied Materials' shipment outlook is a leading signal for whether memory capacity additions stay disciplined or overheat. Together with Cisco's raised outlook the same evening, the equipment read-through tests whether AI capital spending survived last week's sell-off in AI stocks.

Next Catalysts & Watchpoints:

• Nvidia's fiscal Q3 results and earnings call on 2026-11-17;
• TSMC's November revenue, due around 2026-12-10;
• The US October Producer Price Index, due 2026-11-13 at 08:30 ET / 13:30 UTC.

Sources:

• Reuters: Applied Materials forecasts quarterly revenue above estimates (via 104.9 The Wolf) (Published: 2026-11-12, after market close)
• InvestingLive: Applied Materials beats on Q4 and guides above forecasts (Published: 2026-11-12, after market close)
• Crypto Briefing: Applied Materials posts $10.41 billion fourth quarter (Published: 2026-11-12, after market close)

Information only, not investment advice.