Applied Materials stock: Record quarter lifts AI growth outlook

Applied Materials reported record fiscal fourth-quarter and full-year results on Thursday, November 12, after the US market close. In its earnings release, the semiconductor equipment maker said quarterly revenue reached a record 10.41 billion US dollars, while non-GAAP earnings per share rose to a record 4.16 US dollars.

Applied Materials stock traded at 331.68 euros on Lang & Schwarz at 10:42 CET on Saturday, November 14, 2026. The quote followed a week dominated by the earnings release, management's outlook and a strategic investment announcement.

AI Demand Drives Management Confidence

For fiscal 2026, revenue rose to 34.45 billion US dollars. GAAP operating income reached 11.09 billion US dollars, while non-GAAP operating margin was 33.1 percent for the year. The company generated 8.87 billion US dollars in operating cash flow and returned 4.75 billion US dollars to shareholders through repurchases and dividends.

Management expects Semiconductor Systems revenue to grow by more than 40 percent in calendar 2026. For the first quarter of fiscal 2027, Applied Materials guided to revenue of 11.1 billion US dollars, plus or minus 500 million US dollars, and non-GAAP diluted earnings per share of 4.35 US dollars, plus or minus 0.20 US dollars.

Strategic Investment Expands Besi Ties

Applied Materials also entered into an accelerated share purchase agreement intended to raise its investment in BE Semiconductor Industries to approximately 20 percent of the company's outstanding shares. The announcement extends a strategic relationship focused on advanced semiconductor packaging and the broader AI computing supply chain.

The company said BE Semiconductor Industries will join the EPIC Center as an innovation partner. Applied Materials also announced new partnerships with Intel, KIOXIA and UCLA, bringing the total number of announced EPIC engagements to 15.

The broader US market remains the backdrop for investors assessing semiconductor equipment demand and AI-related capital spending. Current market reports provide wider market context.

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