Applied Materials (AMAT) Beats Estimates, Q4 Revenue $7.01B, Misses YoY; Next-Qtr Guidance 8.1% Above Consensus

Applied Materials (NASDAQ:AMAT) reported Q4 CY2025 revenue of $7.01 billion, 2.1% below year-on-year, but 1.8% above analyst estimates. Non-GAAP EPS of $2.38 per share was 7.8% above consensus. Guidance for fiscal 2026’s first quarter is $7.65 billion at the midpoint, 8.1% above expectations. Supporting context: The company’s 5-year CAGR of sales is 9.2%, above sector average, but 2-year annualized growth slowed to 3.2%. Days Inventory Outstanding (DIO) rose to 153, 12 days above the 5-year average, signaling higher inventory levels and potential softening demand. Following the earnings, AMAT’s stock rose $7.00 to $347.00, a 5.5% gain.