Applied Materials sells the machines that make AI chips. Does its quarterly revenue top $10.3 billion when it reports Nov 12?
86% of users predicted YES — the community got this one right. 7 predictions cast.
Applied Materials reported fiscal fourth-quarter revenue of $10.41 billion on Nov. 12, 2026, up 53% year over year and above both the $10.3 billion threshold in question and analysts' average estimate of roughly $10.30 billion, Reuters reported. Non-GAAP earnings per share came in at $4.16, also topping forecasts near $4.06. The semiconductor equipment maker's Semiconductor Systems segment, which sells machines used to fabricate AI chips, grew 64% to $8.00 billion, with leading-edge foundry logic, DRAM and advanced packaging cited as the strongest areas of demand. For the full fiscal year, revenue reached a record $34.45 billion, up 21%, with non-GAAP earnings per share of $12.89.
CEO Gary Dickerson said demand for advanced semiconductors remains "much higher than supply," and the company forecast first-quarter revenue of about $11.10 billion, above the roughly $10.89 billion analysts had expected. Applied also reported record quarterly free cash flow of $2.6 billion and its largest share buyback in more than eight years.
The results extend a run of strong earnings among companies supplying equipment for AI-chip production, a sector that has driven much of this year's semiconductor-industry growth. Predict Six's community had placed 86% odds on Applied Materials clearing $10.3 billion, correctly anticipating the beat.