Applied Materials reported a record year with strong growth in revenue and technology leadership, particularly in AI-driven segments. However, the company faced significant challenges due to trade restrictions impacting its market share and revenue in China. The outlook for 2026 is positive, with anticipated growth in leading-edge and DRAM segments, though the ICAPS market presents potential headwinds.

Company Guidance

During the Applied Materials Fourth Quarter Fiscal 2025 earnings call, the company provided guidance indicating optimism for the upcoming fiscal year. Applied expects strong growth in 2026, driven by leading-edge foundry/logic, DRAM, and high-bandwidth memory segments, which are anticipated to be the fastest-growing areas due to increased AI data center investments. The company reported fiscal 2025 revenue of $28.4 billion, a 4% increase from the previous year, with gross margin improvement to 48.8%. For the first quarter of fiscal 2026, they project revenue of $6.85 billion, plus or minus $500 million, and non-GAAP EPS of $2.18, plus or minus $0.20. Despite trade restrictions impacting the accessible market in China, Applied sees significant opportunities as AI computing continues to reshape the semiconductor roadmap. The firm remains focused on its inflection-focused innovation strategy, with product launches like Xtera epitaxy system, Kinex bonder, and PROVision 10 demonstrating its leadership in critical technology areas.

Record Annual Financial Performance

Applied Materials delivered record annual revenue of $28.4 billion, a 4% increase, with growth across all segments. Non-GAAP gross margin reached 48.8%, the highest level in 25 years.

Strong Position in AI-Driven Segments

Applied Materials holds the #1 position in leading-edge foundry/logic and DRAM, which are expected to be the fastest-growing segments due to AI demand.

Advanced Packaging Business Growth

The company is on track to double its advanced packaging business to $3 billion over the next few years, with strong leadership in high-bandwidth memory.

Significant New Product Launches

Applied Materials launched three new products: Xtera epitaxy system, Kinex die-to-wafer bonder, and PROVision 10 eBeam metrology, all of which enhance capabilities in leading-edge technologies.

Applied Materials (DE:AP2) Earnings, Revenues Date & History

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DE:AP2 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 12, 2026	2026 (Q1)	1.90 / -	2.053	―	―	―
Nov 13, 2025	2025 (Q4)	1.82 / 1.87	2.002	-6.47% (-0.13)
Aug 14, 2025	2025 (Q3)	2.03 / 2.14	1.829	16.98% (+0.31)
May 15, 2025	2025 (Q2)	2.00 / 2.06	1.803	14.35% (+0.26)
Feb 13, 2025	2025 (Q1)	1.97 / 2.05	1.838	11.74% (+0.22)
Nov 14, 2024	2024 (Q4)	1.89 / 2.00	1.829	9.43% (+0.17)
Aug 15, 2024	2024 (Q3)	1.75 / 1.83	1.639	11.58% (+0.19)
May 16, 2024	2024 (Q2)	1.71 / 1.80	1.725	4.50% (+0.08)
Feb 15, 2024	2024 (Q1)	1.64 / 1.84	1.751	4.93% (+0.09)
Nov 16, 2023	2023 (Q4)	1.72 / 1.83	1.751	4.43% (+0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:AP2 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 13, 2025	€192.34	€191.98	-0.19%
Aug 14, 2025	€162.07	€139.65	-13.83%
May 15, 2025	€155.55	€146.26	-5.97%
Feb 13, 2025	€173.15	€163.01	-5.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.