Earnings Releases·Nov 12, 2026, 4:02 PM ET

Applied Materials — Q4 and Fiscal Year 2026 Earnings Summary

Q4 FY2026 revenue hit a record $10.41 billion (up 53% YoY) and FY2026 total revenue reached $34.45 billion (up 21% YoY), driven by a 64% YoY surge in Semiconductor Systems; non-GAAP EPS for Q4 was a record $4.16 (up 92% YoY).
Q1 FY2027 guidance sets total revenue at $11.10 billion (±$500 million) and non-GAAP diluted EPS at $4.35 (±$0.20), excluding $0.01 per share in acquisition charges.
Shareholder distributions totaled $4.75 billion for FY2026, including $3.18 billion in share repurchases and $1.57 billion in dividends, with Q4 free cash flow reaching $2.6 billion.
Strategic initiatives include an accelerated share purchase agreement to increase investment in Besi to approximately 20% of outstanding shares and the addition of four new EPIC partners, including Intel and KIOXIA.
Management projects Semiconductor Systems growth of over 40% in calendar 2026, citing AI-driven demand and technology leadership in materials engineering.