Applied Materials reported record quarterly revenue of $10.41 billion for the period ending October 25, 2026, marking a 53 percent year-over-year increase. The company's non-GAAP earnings per share reached a record $4.16, surpassing the analyst consensus of $4.13.
For the full fiscal year 2026, the company generated record revenue of $34.45 billion, a 21 percent increase from the previous year. GAAP earnings per share for the year were $12.62, while non-GAAP earnings per share reached $12.89.
During the fourth quarter, Applied Materials returned $2.42 billion to shareholders, comprising $2 billion in share repurchases and $421 million in dividends. The company also increased its stake in Besi to approximately 20 percent.
The firm introduced the VeritySEM 20 metrology system and expanded its EPIC Center partnerships to 15, adding Intel, KIOXIA, Besi, and the UCLA Samueli School of Engineering. GAAP results for fiscal 2026 included a $253 million charge related to a settlement with the US Commerce Department.
Looking ahead to the first quarter of fiscal 2027, Applied Materials projects non-GAAP diluted earnings per share of $4.35, plus or minus $0.20. The company anticipates revenue of $11.1 billion, plus or minus $500 million.
