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Applied Materials Earnings Rise as Quarterly Sales Reach $10.41 Billion - FINCHANNEL
Management said demand for advanced chips is exceeding supply as customers place orders earlier and provide eight-quarter forecasts.
- On Thursday, Applied Materials President and CEO Gary Dickerson reported record fiscal fourth-quarter revenue of $10.4 billion, up 53% year-over-year, driven by demand for advanced semiconductors.
- Semiconductor demand remains "much higher than supply," Dickerson said, as growth in DRAM, foundry-logic, and advanced packaging accelerates from artificial intelligence adoption across data centers.
- Adjusted earnings reached $4.16 per share, a 92% year-over-year increase, while Applied returned $2.42 billion to shareholders through stock buybacks and cash dividends during the quarter.
- Applied issued guidance for the first quarter of fiscal 2027 projecting $11.1 billion in revenue, representing a 58% year-over-year increase at the midpoint.
- Management expects wafer fab equipment demand to rise more than 30% in 2027, with the company investing to double systems output by 2028 to support projects through 2030.
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11 Articles
Applied Materials Is Building to Double Its Tool Output by 2028 as AI Chip Demand Outruns Supply
Applied Materials posted record quarterly revenue of $10.41 billion and said it is investing to double its systems output from fiscal fourth-quarter levels by 2028 as chipmakers race to add capacity for AI.
Applied Materials Says Chip Demand Remains “Much Higher Than Supply”
Applied Materials posted a record quarter, yet its stock barely budged. A CEO warning about shortages, a China shift, and one upcoming NVIDIA report could decide whether the 2027 outlook holds or starts to slip.
·Lakewood, United States
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Coverage Details
Total News Sources11
Leaning Left1Leaning Right1Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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