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Applied Materials Q4 Earnings Beat Estimates as Revenue Rises 53%

· 6 sources

Applied Materials topped Q4 estimates with revenue up 53% and record semiconductor systems sales, according to Quartz and Yahoo Finance.

What happened

Applied Materials (AMAT) reported fiscal fourth-quarter results that beat analyst estimates, with revenue rising 53%, Quartz reports. Yahoo Finance says the chip equipment maker posted record semiconductor systems sales.

For the fiscal first quarter, the company expects revenue of $11.1 billion, plus or minus $500 million, according to Quartz. Proactive financial news reports that Applied Materials sees semiconductor systems growth above 40%, with AI demand driving the record results.

Reactions were mixed. Yahoo Finance reports that several price targets were cut despite the beat-and-raise quarter, while it says Morningstar called AI worries overblown. Morningstar separately raised its fair value estimate, and Seeking Alpha says analysts see strong demand for semiconductor equipment.

Context

Applied Materials makes equipment used to manufacture semiconductors, so its results are often read as a signal of spending across the chip industry.

Why it matters

The results may shape how investors view demand for chipmaking tools, which is relevant to peers such as Lam Research and KLA.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

Applied MaterialsAMAT

−6.18%

Technology · NASDAQ

Live price
$357.41▼ -6.18%

live price · USD

Latest price during the session
$357.41−6.18% vs. previous close ($380.95)
Fair value (ATLAS)
$239.25Fair range: $103.92 to $315.91The price ($357.41) is 49.4% above that figure.
Chance of a rise in 1 month
46%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $306.87 and $400.65; 9 in 10, between $242.27 and $507.48.
See the full ATLAS analysis of Applied Materials →

Lam ResearchLRCX

−4.90%

Technology · NASDAQ

Live price
$222.32▼ -4.90%

live price · USD

Latest price during the session
$222.32−4.90% vs. previous close ($233.77)
Fair value (ATLAS)
$142.69Fair range: $54.68 to $196.46The price ($222.32) is 55.8% above that figure.
Chance of a rise in 1 month
45%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $186.95 and $251.47; 9 in 10, between $143.74 and $327.07.
See the full ATLAS analysis of Lam Research →

KLAKLAC

−5.69%

Technology · NASDAQ

Live price
$148.35▼ -5.69%

live price · USD

Latest price during the session
$148.35−5.69% vs. previous close ($157.30)
Fair value (ATLAS)
$87.65Fair range: $37.30 to $116.54The price ($148.35) is 69.3% above that figure.
Chance of a rise in 1 month
46%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $128.28 and $165.75; 9 in 10, between $102.22 and $208.01.
See the full ATLAS analysis of KLA →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

  1. Applied Materials Q4 earnings top estimates as revenue rises 53% · Quartz · November 13, 2026
  2. Applied Materials' results show strong semiconductor equipment demand, analysts say (AMAT:NASDAQ) · Seeking Alpha · November 13, 2026
  3. AMAT Q4 Earnings Beat on Record Semiconductor Systems Sales · Yahoo Finance · November 13, 2026
  4. AMAT Stock Gets Slew Of Price Target Cuts Even After Beat-And-Raise Quarter: Morningstar Calls AI Worries ‘Overblown’ · Yahoo Finance · November 13, 2026
  5. Applied Materials sees semiconductor systems growth above 40% as AI demand drives record results · Proactive financial news · November 13, 2026
  6. Applied Materials Earnings: Raising Fair Value Estimate; the Acceleration Is Here · Morningstar · November 13, 2026

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Latest market news · Markets today on ATLAS · Applied Materials · Lam Research · KLA

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