Applied Materials reported record fiscal fourth quarter revenue of $10.41 billion, ahead of analyst expectations. The company also forecast first quarter fiscal 2027 revenue above Wall Street estimates, and its shares rose about 3% after hours.
Applied Materials posted record fiscal fourth quarter revenue of $10.41 billion, exceeding analysts' expectations of approximately $10.3 billion. Demand for advanced AI chips supported spending on semiconductor manufacturing equipment.
However, the beat did not stop at revenue. The semiconductor equipment maker reported adjusted earnings of $4.16 per share, ahead of analyst estimates of approximately $4.06. Its Semiconductor Systems division generated $8 billion in revenue, up 64% from a year earlier, reflecting increased demand for equipment used in advanced chip manufacturing.
Investors responded to the release. Shares of Applied Materials (NASDAQ: AMAT) rose about 3% in after hours trading following the earnings release.
The outlook also topped expectations. For the first quarter of fiscal 2027, the company forecast revenue of approximately $11.1 billion, plus or minus $500 million, above Wall Street estimates of $10.89 billion. Applied Materials also expects adjusted earnings of about $4.35 per share, plus or minus $0.20, compared with analysts' expectations of $4.26.
For the full fiscal year, the company reported revenue of $34.45 billion, an increase of 21% from 2025, while adjusted earnings per share rose 37% to $12.89. The company attributed its growth to rising demand for advanced semiconductor manufacturing technologies as chipmakers expand capacity for AI processors and related infrastructure.
Source: Crypto Briefing
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