Applied Materials posts record $10.41 billion quarter on AI chip demand

Nov 12, 2026
Fourth quarter revenue rose 53%. The chip equipment maker also named Intel a founding partner of its EPIC research center.

Applied Materials reported record fourth quarter revenue of $10.41 billion, up 53% from a year earlier, and record non-GAAP earnings of $4.16 per share, according to its results release. Revenue for the fiscal year to 25 October was a record $34.45 billion, up 21%.

"AI continues to fuel strong incremental demand for semiconductors," said chief executive Gary Dickerson, who added that the company is on track to grow its semiconductor systems business by more than 40% in calendar 2026. Applied also named Intel as a founding partner of its EPIC research center in Silicon Valley, with KIOXIA, Besi and UCLA joining as partners, and agreed to raise its stake in Besi to about 20%.

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