Applied Materials, Inc. (AMAT) Earnings Call Transcripts

Applied Materials, Inc.'s Latest Earnings Call - October 13, 2026

In the fourth quarter of fiscal year 2026, Applied Materials, Inc. (AMAT) reported a significant increase in revenue and earnings, driven primarily by strong demand in the AI and semiconductor sectors. Revenue reached $12.4 billion, with earnings per share (EPS) of $2.15, reflecting a robust growth trajectory. Management raised its guidance for the upcoming fiscal year, indicating a positive outlook for continued growth in wafer fab equipment and services, which are expected to benefit from increasing AI compute demand and advanced packaging innovations.

Guidance from management

Management raised its revenue guidance for fiscal year 2027, expecting continued strong growth driven by AI demand and advancements in semiconductor technology. They anticipate a compound annual growth rate (CAGR) of over 14% in wafer fab equipment revenue over the next several years.

What management said

Yes, we looked at despecking and our conclusion at this point is DRAM, we expect to still be constrained in what we think the system architects are doing is they're determining that you need less DRAM for some of the different AI workloads. So training was a very heavy different amounts for inference, different amounts for Agentic. So we think what's happening is they're tuning those systems to maximize the amount ...

Well, I'll start and maybe somebody would add -- of course, in our math, we're still modeling growth in China and growth in restricted accounts in China. We can't serve leading edge. We can't serve DRAM. We can't serve NAND in China, we're modeling growth there. So you're right, if we zeroed in on all the accounts that we can serve, we'll have a greater share gain than that. And if you look at some of the device end ...

What analysts pressed on

Analysts expressed concerns regarding supply chain constraints and the potential impact on growth. Questions were raised about how these factors might limit Applied's ability to meet increasing demand, particularly in light of the rapid expansion of AI applications and the semiconductor market.

Main topics on the call

• AI-Driven Demand Surge — Management highlighted that AI is the primary driver of growth in the semiconductor industry, stating, "AI is driving the global economy. It's driving the semiconductor industry." This trend is expected to continue, with...
• Increased Revenue Guidance — The company raised its revenue forecast for the upcoming fiscal year, indicating a strong outlook. Management noted, "Many of the forecast that we had in the past have changed. Many of them have increased."
• Strong Position in Advanced Packaging — Applied Materials is a leader in advanced packaging, which is expected to grow significantly. Management stated, "We are #1 in each of these segments, and we are enabling this segment," referring to leading-edge foundry ...
• Yield Innovation as a Priority — Management emphasized the importance of yield innovation, stating, "The top priority for them is good chips per wafer and more wafers, especially again when the chips are so valuable." This focus is expected to enhance A...

Read the full Applied Materials, Inc. transcript (October 13, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 85 Applied Materials, Inc. earnings call transcripts on record, spanning February 12, 2020 to October 13, 2026. Based on this history, Applied Materials, Inc. reports quarterly. The most recent call on file is dated October 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AMAT

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

85

First call

February 12, 2020

Most recent

October 13, 2026

Reporting cadence

quarterly