Applied Materials reported record fourth-quarter revenue of $10.41 billion, up 53 percent year over year, and record adjusted earnings per share of $4.16. GAAP earnings per share came in at $3.40, while the GAAP gross margin reached 50.4 percent. For fiscal 2026, revenue totaled $34.45 billion and cash from operations reached a record $8.87 billion. For the first quarter of fiscal 2027, the company guided to revenue of $11.1 billion, plus or minus $500 million, and adjusted diluted earnings per share of $4.35, plus or minus $0.20. Growth was driven by Semiconductor Systems, including increased DRAM revenue, amid AI-driven semiconductor demand.
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