Applied Materials closed its best fiscal year in its history, with revenue reaching $34.45 billion, up 21% year over year. Its non-GAAP earnings per share rose 37% to $12.89, while its non-GAAP gross margin improved to 50.1%. In the fourth quarter, revenue surged 53% to $10.41 billion, and non-GAAP earnings per share reached $4.16. The Semiconductor Systems segment generated record revenue of $26.142 billion, driven by demand related to high-bandwidth memory, advanced packaging and artificial intelligence. The company expects the segment to grow by more than 40% in calendar 2026 and returned $4.75 billion to shareholders through share buybacks and dividends.
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