Applied Materials earnings top forecasts as chipmaking demand lifts its sales outlook
Earnings results
- EPS beat +2.5%
Actual: $4.16 · Cons.: $4.06 (adjusted diluted EPS)
- Revenue beat +1.1%
Actual: $10.409B · Cons.: $10.3B (reported revenue)
- Guidance
Issued Q1 FY2027 revenue outlook of $10.6–11.6B and adjusted EPS of $4.15–4.55.
Earnings and the stock move
Applied Materials reported fiscal fourth-quarter earnings above the dated revenue and adjusted EPS forecasts and issued a next-quarter sales outlook above the quarter just completed. Faster equipment demand and improving operating margins support the growth case. Customer spending, supply capacity and export restrictions remain the main risks to converting that demand into revenue.
Q4 FY2026 earnings recap
Applied Materials reported earnings above forecasts and projected another quarter of sales growth. Shares traded near unchanged after hours on November 12, 2026, versus that day’s regular close.
- Fiscal fourth-quarter revenue reached $10.41 billion, up 53% from a year earlier. That was about 1.1% above the $10.3 billion consensus published before the release.
- Adjusted profit per share, or EPS, was $4.16, about 2.5% above the $4.06 forecast. GAAP profit per share was $3.4, including items excluded from adjusted earnings.
- The company expects next-quarter revenue of $10.6–11.6 billion. Its $11.1 billion midpoint implies another 6.6% increase from the quarter just reported.
- Chipmaking equipment generated $8 billion of quarterly sales, while services contributed $1.9 billion. AI-related investment is increasing demand for more advanced manufacturing tools.
- Adjusted operating margin rose to 35.3% from 28.6% a year earlier. More sales are becoming operating profit, supporting cash generation and investment.
- Next-quarter adjusted EPS guidance is $4.15–4.55, including a four-cent tax benefit. Delivery constraints, export rules and slower customer spending could upset that outlook.
Watch whether Applied turns strong chipmaker demand into shipments while protecting margins. After-hours prices can change as investors assess the results and management’s outlook.
Financials and technicals
Charts through Nov 12, 2026. The session move above may reflect later news.
Technical setup and risks
At the November 12 close, shares were $380.95, below the 20-day average of $384.87 and 50-day average of $439.22. A sustained recovery above $395–405 would strengthen the rebound; a close below $370 would weaken it. These completed-session levels precede the earnings reaction.
After-hours move is measured versus the same-day regular close AI-assisted research with source and calculation checks. Prices may be delayed. Technical charts use the stated completed session, which can precede the quoted intraday move. Educational information; investing involves risk.