Applied Materials, a California-based chipmaking-equipment maker, reported record fiscal fourth-quarter revenue of $10.41 billion, up 53% from a year earlier, and forecast higher revenue and non-GAAP diluted earnings per share for its first quarter of fiscal 2027.
The quarter ended Oct. 25. Net income reached $2.72 billion, compared with $1.90 billion a year earlier. Diluted earnings per share under generally accepted accounting principles (GAAP) rose 43% to $3.40. The company also reported non-GAAP diluted earnings per share of $4.16, up 92% from the year-earlier quarter.
For its fiscal 2027 first quarter, Applied Materials projected revenue of $11.1 billion, with a range of $500 million above or below that figure. It forecast non-GAAP diluted earnings per share of $4.35, with a 20-cent range either way.
Revenue for fiscal 2026 totaled $34.45 billion, a 21% increase. GAAP diluted earnings per share for the year rose 46% to $12.62. In the fourth quarter, the company returned $2.42 billion to shareholders through share repurchases and dividends.
President and CEO Gary Dickerson said demand related to artificial intelligence was contributing to semiconductor demand. The company also described its Semiconductor Systems business as on track for growth of more than 40% in a period it defines as calendar 2026. That window runs from the second quarter of fiscal 2026 through the first quarter of fiscal 2027.
A Securities and Exchange Commission filing dated Thursday, Nov. 12, lists the results under Item 2.02 and identifies Item 9.01 as “Financial Statements and Exhibits.” Its exhibit list includes the earnings release and cover-page interactive data. The filing index counts 13 documents.
