StocksMedium•13 November 2026•
1 min read
Applied Materials Shares Drop 3.6% Despite Q4 Earnings and Revenue Beat
Key Facts
1Applied Materials reported fiscal fourth-quarter revenue of $10.41 billion.
2Adjusted earnings per share reached $4.16, exceeding analyst estimates of $4.05.
3Shares fell approximately 3.6% following the results and news of a leadership exit at Nvidia.
Applied Materials reported fiscal fourth-quarter revenue of $10.41 billion, exceeding analyst estimates. ABC Money reported that adjusted earnings per share reached $4.16, surpassing the $4.05 expected by analysts. However, shares of the company fell approximately 3.6% following the results and news of leadership changes at Nvidia.
Applied Materials closed at $380.95 on November 12, 2026, with the stock trading between a low of $376.09 and a high of $397.2 during the session. This decline follows a period of sustained growth, with revenue rising from $9.12 billion in July 2026 to its current record level, indicating robust demand for advanced semiconductor manufacturing tools despite the negative price action.