Applied Materials: Quarterly Revenue Rises 53 Percent

• Applied Materials posted record Q4 FY2026 revenue of $10.41B, up 53% YoY • Semiconductor Systems revenue rose 64%, driven by foundry/logic, DRAM and flash equipment demand • Full-year FY2026 revenue hit $34.45B, up 21%, with net income of $10.09B Applied Materials, a key supplier of chipmaking equipment, reported record fiscal Q4 2026 revenue of $10.41 billion, up 53% year-over-year, for the quarter ended October 25, 2026. GAAP gross margin improved to 50.4% from 48.0%, and operating margin jumped to 35.1% from 25.2%. Net income rose 43% to $2.72 billion, with GAAP EPS of $3.40 and non-GAAP EPS of $4.16. Semiconductor Systems revenue grew 64% to $8.00 billion, while Applied Global Services revenue rose 26% to $1.90 billion. Within Semiconductor Systems, foundry/logic equipment fell to 58% of revenue (from 66%), while DRAM rose to 33% (from 28%) and flash memory rose to 9% (from 6%), reflecting growing AI-driven memory investment. The company did not break out HBM-specific revenue. For full fiscal 2026, revenue reached $34.45 billion (up 21%) and net income totaled $10.09 billion, with growth accelerating toward year-end. Applied Materials expects continued revenue growth in Q1 FY2027, citing sustained chipmaker investment in new manufacturing processes and capacity, though equipment orders often precede actual production ramps.