Applied Materials, Inc.: EPS $4.16 vs $4.06 expected; revenue $10.4B vs $10.3B
Key Facts
Q4 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 4.16 | 4.06 | +2.5% | 2.17 |
| Revenue (USD bn) | 10.41 | 10.30 | +1.0% | 6.80 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 12, 2026 | Q4 FY2026 | 4.16 | 4.06 | +2.5% | 10.41 | 10.30 | +1.0% |
| Aug 13, 2026 | Q3 FY2026 | 3.50 | 3.40 | +2.9% | 9.12 | 8.99 | +1.3% |
| May 14, 2026 | Q2 FY2026 | 2.86 | 2.68 | +6.7% | 7.91 | 7.68 | +3.0% |
| Feb 12, 2026 | Q1 FY2026 | 2.38 | 2.21 | +7.7% | 7.01 | 6.87 | +2.1% |
| Dec 12, 2025 | Q4 FY2025 | 2.17 | 2.11 | +2.8% | 6.80 | 6.68 | +1.7% |
| Aug 14, 2025 | Q3 FY2025 | 2.48 | 2.36 | +5.1% | 7.30 | 7.22 | +1.1% |
| May 15, 2025 | Q2 FY2025 | 2.39 | 2.31 | +3.5% | 7.10 | 7.13 | −0.4% |
| Feb 13, 2025 | Q1 FY2025 | 2.38 | 2.28 | +4.4% | 7.17 | 7.15 | +0.3% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Applied Materials, Inc. results: EPS $4.16 vs $4.06 expected; revenue $10.4B vs $10.3B. The results cover the company's Q4 FY2026. EPS came in above analysts' estimate by 2.5%; revenue above the estimate by 1.0%.
Revenue was up 53.1% from $6.8 billion a year earlier (Q4 FY2025). EPS was up 91.7% from $2.17 a year earlier. On its record, EPS topped analysts' estimates in 7 of 7 earlier comparable reports.
What the results mean
Applied Materials’ results show business growth alongside stronger margins and robust cash generation, reflecting its ability to turn sales into earnings and liquidity. Management linked semiconductor demand to expanding artificial intelligence applications and highlighted the role of its equipment and materials engineering portfolio in serving that demand.
The release highlighted the EPIC Center and its research partnerships as a way to develop materials, equipment and manufacturing processes in parallel and accelerate commercialization. Collaboration spans transistors, interconnects, advanced packaging and memory, while the new metrology system supports chip manufacturing process control. These areas connect directly to the company’s semiconductor fabrication equipment business.
What to watch on the earnings call: The nature of artificial intelligence demand and its impact on Semiconductor Systems, the factors supporting margin improvement and cash generation, the role of services and spare parts in the business, and how EPIC collaborations, metrology and advanced packaging technologies move from research into commercial use.
For the full analysis of Applied Materials, Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.