Applied Materials stock: Record quarter, stronger AI growth outlook
Published on 11/13/2026 at 16:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRecord results reset expectations
- Applied Materials reported record fiscal fourth-quarter revenue and non-GAAP earnings, supported by semiconductor equipment demand.
- Management expects fiscal first-quarter revenue of 11.1 billion US dollars and sees Semiconductor Systems growth above 40 percent in calendar 2026.
- AI-related investment, advanced packaging and capacity expansion remain central to the company's growth outlook.
Applied Materials reported record fiscal fourth-quarter revenue on Thursday, November 12, after the US market close, while management outlined a stronger growth outlook for semiconductor equipment demand. At 16:08 CET on Friday, November 13, the stock traded at 328.60 euros on Lang & Schwarz, 7.62 percent below the Xetra close of Thursday, November 12, at 355.70 euros and 5.21 percent below the 346.65 euros quoted in our November 13 article.
The company said in its Applied Materials earnings release that fiscal fourth-quarter revenue reached 10.41 billion US dollars, up 53 percent year over year. GAAP earnings per share rose 43 percent to 3.40 US dollars, while non-GAAP earnings per share climbed 92 percent to a record 4.16 US dollars.
AI demand broadens the growth case
Semiconductor Systems revenue reached 7.996 billion US dollars, with the company citing record sales in DRAM and advanced packaging. Applied Global Services revenue rose to 1.896 billion US dollars, reflecting record services and spare-parts revenue.
For fiscal first-quarter 2027, Applied guided to revenue of 11.1 billion US dollars, plus or minus 500 million US dollars, and non-GAAP earnings per share of 4.35 US dollars, plus or minus 0.20 US dollars. The guidance includes a 14-week quarter and points to continued operating leverage.
Capacity remains the next constraint
On the earnings call, CEO Gary Dickerson said demand for advanced semiconductors remained much higher than supply. The earnings call transcript published by The Motley Fool via Yahoo Finance said Applied expects wafer fab equipment demand to rise more than 30 percent in 2027 and plans to double systems output from fourth-quarter 2026 levels by 2028. Clean-room capacity and equipment components remain key limits on industry expansion.
Applied Materials at a glance
- Company: Applied Materials, Inc.
- ISIN: US0382221051
- Stock symbol: AMAT
- Home exchange: Nasdaq
- Lang & Schwarz quote: 328.60 euros at 16:08 CET on Friday, November 13, 2026
- Xetra close: 355.70 euros on Thursday, November 12, 2026
- Fiscal fourth-quarter revenue: 10.41 billion US dollars
- Fiscal first-quarter revenue outlook: 11.1 billion US dollars, plus or minus 500 million US dollars
The US market remains the wider backdrop for investors assessing semiconductor equipment demand and AI-related capital spending.
