Applied Materials' FY2026 Net Income Attributable to the Company Reaches $10.088 Billion, Up 44% YoY

Source: IT之家 Published: 11/13/2026, 05:05:40 Product & Design 中文增长 3 more articles on this event →

AI summary

Applied Materials today released its fiscal 2026 (October 27, 2025–October 25, 2026) full-year and fourth-quarter (July 27–October 25, 2026) reports: full-year revenue was $34.446 billion, up 21% year over year, with a 50% gross margin, net income attributable to the company of $10.088 billion, up 44%, operating cash flow of $8.868 billion, free cash flow of $6.196 billion, basic EPS of $12.71 and diluted EPS of $12.62, up 46%. Fourth-quarter revenue was $10.409 billion, up 53%, with a 50.4% gross margin, net income attributable to the company of $2.718 billion, up 43%, operating cash flow of $3.3 billion, free cash flow of $2.616 billion, basic EPS of $3.43 and diluted EPS of $3.40, up 43%. AI interpretation: Applied Materials' FY2026 full-year revenue and non-GAAP diluted EPS both beat Wall Street consensus expectations.

Translation(model translation, not the source's own text)

Applied Materials FY2026 Full-Year Net Profit Attributable to Shareholders $10.088 Billion, Up 44% YoY

IT之家 November 13 news, Applied Materials today released its report for fiscal year 2026 (October 27, 2025 – October 25, 2026) and the fourth fiscal quarter (July 27, 2026 – October 25, 2026):

Fiscal Year 2026 Full Year

Total net revenue: $34.446 billion (IT之家 note: approximately RMB 2302.99 hundred million at current exchange rate), up 21% YoY

Gross profit: $17.219 billion (approximately RMB 1151.23 hundred million at current exchange rate)

Net profit attributable to shareholders: $10.088 billion (approximately RMB 674.46 hundred million at current exchange rate), up 44% YoY

Operating cash flow: $8.868 billion (approximately RMB 592.9 hundred million at current exchange rate)

Free cash flow: $6.196 billion (approximately RMB 414.25 hundred million at current exchange rate)

Basic earnings per share: $12.71 (approximately RMB 84.98 at current exchange rate)

Diluted earnings per share: $12.62 (approximately RMB 84.37 at current exchange rate), up 46% YoY

Debt-to-asset ratio: 42.5%, down 1.2 percentage points YoY

Fiscal Year 2026 Fourth Quarter

Total net revenue: $10.409 billion (approximately RMB 695.92 hundred million at current exchange rate), up 53% YoY

Gross profit: $5.251 billion (approximately RMB 351.07 hundred million at current exchange rate)

Net profit attributable to shareholders: $2.718 billion (approximately RMB 181.72 hundred million at current exchange rate), up 43% YoY

Operating cash flow: $3.3 billion (approximately RMB 220.63 hundred million at current exchange rate)

Free cash flow: $2.616 billion (approximately RMB 174.9 hundred million at current exchange rate)

Basic earnings per share: $3.43 (approximately RMB 22.93 at current exchange rate)

Diluted earnings per share: $3.4 (approximately RMB 22.73 at current exchange rate), up 43% YoY

Debt-to-asset ratio: 42.5%, down 1.2 percentage points YoY

AI interpretation: Applied Materials' FY2026 full-year revenue and Non-GAAP diluted earnings per share both exceeded Wall Street consensus expectations, with results beating expectations. Company overview and full-year performance highlights: Applied Materials is a leading global supplier of materials engineering solutions, with products covering semiconductor manufacturing, advanced displays and related services, and is a key upstream equipment vendor in the AI computing supply chain. Full-year revenue hit a record high of $34.446 billion (approximately RMB 2302.99 hundred million at current exchange rate), up 21% YoY. Full-year GAAP gross margin was 50%, up 1.3% YoY; GAAP operating profit reached $11.087 billion (approximately RMB 741.25 hundred million at current exchange rate). Full-year GAAP net profit was $10.088 billion (approximately RMB 674.46 hundred million at current exchange rate), up 44% YoY; GAAP diluted earnings per share reached $12.62 (approximately RMB 84.37 at current exchange rate), up 46% YoY. Full-year operating cash flow reached $8.868 billion (approximately RMB 592.9 hundred million at current exchange rate), free cash flow reached $6.196 billion (approximately RMB 414.25 hundred million at current exchange rate), and the company returned $4.75 billion to shareholders for the full year (approximately RMB 317.58 hundred million at current exchange rate), including $3.18 billion in buybacks (approximately RMB 212.61 hundred million at current exchange rate) and $1.57 billion in dividends (approximately RMB 104.97 hundred million at current exchange rate). Q4 fiscal quarter performance highlights: quarterly revenue hit a record $10.409 billion (approximately RMB 695.92 hundred million at current exchange rate), up 53% YoY. Quarterly GAAP gross margin was 50.4%, up 2.4% YoY; Non-GAAP gross margin was 50.6%. Quarterly GAAP net profit reached $2.718 billion (approximately RMB 181.72 hundred million at current exchange rate), up 43% YoY; GAAP diluted earnings per share were $3.4 (approximately RMB 22.73 at current exchange rate), up 43% YoY; Non-GAAP diluted earnings per share reached $4.16 (approximately RMB 27.81 at current exchange rate), up 92% YoY. Quarterly operating cash flow reached $3.3 billion (approximately RMB 220.63 hundred million at current exchange rate), free cash flow reached $2.616 billion (approximately RMB 174.9 hundred million at current exchange rate), and the company returned $2.42 billion to shareholders in the quarter (approximately RMB 161.8 hundred million at current exchange rate). Next-quarter outlook: the company expects Q1 FY2027 total revenue of $11.1 billion (approximately RMB 742.12 hundred million at current exchange rate) (range 10600 million USD~11600 million USD), and Non-GAAP diluted earnings per share of $4.35 (approximately RMB 29.08 at current exchange rate) (range USD 4.15~USD 4.55). Management said that benefiting from AI-driven demand for wafer fab equipment, it expects the semiconductor systems business to grow more than 40% in calendar year 2026. Strategic progress: the company unveiled the EPIC Center in Silicon Valley, added 4 new R&D partners (Intel, KIOXIA, Besi, UCLA), bringing the cumulative number of EPIC collaboration projects to 15; it is also accelerating its stake increase in Besi to about 20% to strengthen its advanced packaging footprint.

AI Interpretation

Applied Materials' FY2026 full-year revenue and Non-GAAP diluted earnings per share both exceeded Wall Street consensus expectations, with results beating expectations.

Company Overview and Full-Year Performance Highlights

Applied Materials is a leading global supplier of materials engineering solutions, with products covering semiconductor manufacturing, advanced displays and related services, and is a key upstream equipment vendor in the AI computing supply chain.

Full-year revenue hit a record high of $34.446 billion (approximately RMB 2302.99 hundred million at current exchange rate), up 21% YoY.

Full-year GAAP gross margin was 50%, up 1.3% YoY; GAAP operating profit reached $11.087 billion (approximately RMB 741.25 hundred million at current exchange rate).

Full-year GAAP net profit was $10.088 billion (approximately RMB 674.46 hundred million at current exchange rate), up 44% YoY; GAAP diluted earnings per share reached $12.62 (approximately RMB 84.37 at current exchange rate), up 46% YoY.

Full-year operating cash flow reached $8.868 billion (approximately RMB 592.9 hundred million at current exchange rate), free cash flow reached $6.196 billion (approximately RMB 414.25 hundred million at current exchange rate), and the company returned $4.75 billion to shareholders for the full year (approximately RMB 317.58 hundred million at current exchange rate), including $3.18 billion in buybacks (approximately RMB 212.61 hundred million at current exchange rate) and $1.57 billion in dividends (approximately RMB 104.97 hundred million at current exchange rate).

Q4 Fiscal Quarter Performance Highlights

Quarterly revenue hit a record $10.409 billion (approximately RMB 695.92 hundred million at current exchange rate), up 53% YoY.

Quarterly GAAP gross margin was 50.4%, up 2.4% YoY; Non-GAAP gross margin was 50.6%.

Quarterly GAAP net profit reached $2.718 billion (approximately RMB 181.72 hundred million at current exchange rate), up 43% YoY; GAAP diluted earnings per share were $3.4 (approximately RMB 22.73 at current exchange rate), up 43% YoY; Non-GAAP diluted earnings per share reached $4.16 (approximately RMB 27.81 at current exchange rate), up 92% YoY.

Quarterly operating cash flow reached $3.3 billion (approximately RMB 220.63 hundred million at current exchange rate), free cash flow reached $2.616 billion (approximately RMB 174.9 hundred million at current exchange rate), and the company returned $2.42 billion to shareholders in the quarter (approximately RMB 161.8 hundred million at current exchange rate).

Next-Quarter Outlook

The company expects Q1 FY2027 total revenue of $11.1 billion (approximately RMB 742.12 hundred million at current exchange rate) (range 10600 million USD~11600 million USD), and Non-GAAP diluted earnings per share of $4.35 (approximately RMB 29.08 at current exchange rate) (range USD 4.15~USD 4.55). Management said that benefiting from AI-driven demand for wafer fab equipment, it expects the semiconductor systems business to grow more than 40% in calendar year 2026.

Strategic Progress

The company unveiled the EPIC Center in Silicon Valley, added 4 new R&D partners (Intel, KIOXIA, Besi, UCLA), bringing the cumulative number of EPIC collaboration projects to 15; it is also accelerating its stake increase in Besi to about 20% to strengthen its advanced packaging footprint.