Editor’s note: This story has been updated to correct the analyst estimates used for comparison.
Applied Materials Inc (NASDAQ:AMAT) reported financial results for the fourth quarter of fiscal 2026 after the market close on Thursday. Here’s a rundown of the report.
- Applied Materials stock is in the spotlight today. Why is AMAT stock trending?
Applied Materials Q4 Highlights
Applied Materials posted fourth-quarter revenue of $10.41 billion, beating analyst estimates of $10.30 billion, according to Benzinga Pro. The chip equipment manufacturer reported adjusted earnings of $4.16 per share for the quarter, beating estimates of $4.05 per share.
Total revenue was up 53% year-over-year. Gross margin was 50.4% in the quarter, or 50.6% on an adjusted basis. The company generated $3.30 billion in cash from operations and distributed $2.42 billion to shareholders via share repurchases and dividends.
Applied Materials exited the quarter with approximately $7.24 billion in cash and cash equivalents.
“AI continues to fuel strong incremental demand for semiconductors and Applied has built the most enabling portfolio to advance the AI-computing roadmap, putting us in a great position for multi-year revenue and profit growth,” said Gary Dickerson, president and CEO of Applied Materials.
Applied Materials guided for first-quarter revenue of $11.1 billion, plus or minus $500 million, versus estimates of $10.89 billion. The company anticipates first-quarter adjusted earnings of $4.15 to $4.55 per share, versus estimates of $4.26 per share.
Applied Materials management will discuss the quarter on an earnings call at 4:30 p.m. ET. A link to the call has been provided below.
AMAT Stock Moves After Hours
AMAT Price Action: Applied Materials shares were down 0.33% in after-hours, trading at $379.67 at the time of publication on Thursday, according to Benzinga Pro. The stock traded as high as $389 in after-hours trading before pulling back.
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