Applied Materials beats Q4 targets, guides above estimates on AI-driven chip demand

Applied Materials reported fiscal Q4 adjusted EPS of $4.16 on revenue of $10.41 billion, beating FactSet estimates of $4.06 and $10.3 billion. The company guided Q1 adjusted EPS of $4.35 on revenue of $11.1 billion, above consensus of $4.24 and $10.85 billion. Full fiscal 2026 revenue rose 21% to $34.45 billion. CEO Gary Dickerson cited AI-driven demand and said the company is on track to grow its semiconductor systems business more than 40% in calendar 2026. AMAT stock traded sideways in after-hours trading, last down a fraction at $380.30, after falling 3.6% in the regular session. The stock has been under pressure from concerns about the sustainability of chipmaker capex spending tied to AI.