Applied Materials Reports Record $10.41 Billion Quarterly Revenue

Applied Materials reported record fiscal fourth-quarter revenue of $10.41 billion, marking a 53% increase from the previous year and exceeding analyst expectations. During a November 12, 2026, earnings call, CEO Gary Dickerson stated that demand for advanced semiconductors remains "much higher than supply" and projected that industry spending on wafer fab equipment will increase by more than 30% year over year in 2027.

The company expects Semiconductor Systems revenue to grow by over 40% in 2026, while advanced packaging is projected to grow approximately 90%. CFO Brice Hill identified clean room capacity as a limiting factor for equipment intake. He also projected that shipments to China will likely account for less than 25% of the business by 2027.

As part of its financial activity, the company executed a $2.00 billion quarterly share repurchase, the largest such action in over eight years.