Applied Materials reported fiscal fourth-quarter revenue of $10.41 billion for 2026, up 53% from a year earlier. Adjusted earnings came in at $4.16 per share, a 92% increase, while the adjusted gross margin reached 50.6%. For the full fiscal year, revenue totaled $34.45 billion, up 21%, and adjusted earnings reached $12.89 per share, up 37%. Operating cash flow hit a record $8.87 billion, with $4.75 billion returned to shareholders through dividends and stock buybacks. The company forecasts more than 40% growth for its Semiconductor Systems business in 2026 and has announced 15 R&D partnerships around its new EPIC Center in Silicon Valley.
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