Analyst Conference Call Summary

semiconductors

conference date: November 12, 2026 @ 1:30 PM Pacific Time
for quarter ending: October 26, 2026 (fourth quarter, Q4 fiscal 2026)

Forward-looking statements

Overview:

Basic data (GAAP):

Revenues were $ billion, a record, up % sequentially from $9.12 billion and up % from $ billion in the year-earlier quarter.

Net income was $ billion, down % sequentially from $2.54 billion and up % from $ billion year-earlier.

EPS (diluted earnings per share) were $, down % sequentially from $3.17 and up % from $ year-earlier.

Guidance:

Conference Highlights:

Gary Dickerson, CEO, said ""

The dividend has been increased to $0.53 per share per quarter. To shareholders as of November 20, payable Dedember 10.

Non-GAAP numbers: net income $2.80 billion, up 22% sequentially from $ billion, and up % from $2.29 billion year-earlier. EPS $, up % sequentially from $3.50, and up % from $ year-earlier.

[note: ICAPS = IoT, Communications, Automotive, Power and Sensors]

Semiconductor Systems sales were $ billion, up sequentially from $7.04 billion, and up from $ billion year-earlier. Revenue by type, as % of total: Foundry, logic and other %, DRAM %, Flash %. Segment operating income, GAAP, was $ billion; non-GAAP $ billion.

Applied Global Services (AGS) revenue was $ billion, up sequentially from $1.78 billion and up from $ billion year earlier. GAAP and Non-GAAP operating income was $ million.

Other (formerly display) segment revenue was $ million, up sequentially from $294 million and up from $ million year-earlier. Non-GAAP operating loss was $ million.

Cash and equivalents (including long-term investments) balance ended at $ billion, sequentially from $9.2 billion. Cash flow from operating activities was $ billion. Capital expenditures were $ million. Free cash flow $ million. $ million was used for cash dividends. Used $ million to repurchase shares. Long-term debt was $ billion.

Cost of goods sold was $ billion, leaving gross profit of $ billion. Operating expenses of $ billion consisted of: research and development $ billion; selling and marketing, $ million; general and administrative $ million; restructuring $0 million; legal settlement $0 million. Leaving income from operations of $ billion. Interest and other expense net $ million. Income tax $ million.

Q&A selective summary:

OpenIcon Analyst Conference Summaries Main Page

Applied Materials Investor Relations page

Search

More Analyst Conference Pages: