Applied Materials — Q4 and Fiscal Year 2026 Earnings Summary

Applied Materials reported record fourth-quarter revenue of $10.41 billion, representing a 53% year-over-year increase, driven by strong demand for semiconductor equipment. The company achieved a non-GAAP gross margin of 50.6% and non-GAAP earnings per share of $4.16, marking a 92% increase from the prior year. For the full fiscal year 2026, revenue reached a record $34.45 billion with non-GAAP EPS of $12.89, while generating $8.87 billion in operating cash flow. Additionally, the company unveiled the EPIC Center in Silicon Valley to accelerate collaborative R&D and announced new partnerships with Intel, KIOXIA, Besi, and UCLA.