AMAT (NASDAQ:AMAT) Posts Q4 Revenue Surprise; Q1 Guidance 8.1% Above Consensus

Applied Materials (NASDAQ:AMAT) reported Q4 CY2025 revenue of $7.01 billion, down 2.1% year-over-year, but well-above expectations. For Q1 CY2026, the midpoint guidance of $7.65 billion reflects 8.1% upside to analyst forecasts, with non-GAAP EPS of $2.38 per share 7.8% above consensus. Strength in AI, foundry-logic, memory, and advanced packaging drove the results. Management credits node transitions, 3D scaling, and disciplined operations for the outcomes, with continued AI-driven demand and capacity expansion expected to underpin Q1. Key watchpoints include AI equipment orders, resilience in DRAM/HBM, and execution on capacity expansion and supply chain lead times. AMAT closed at $351.56, up from $328.39 before the earnings.