Applied Materials, Inc. reports results for its fourth quarter and fiscal year ended Oct. 26, 2025. The company reports record annual revenue $28.37 billion, up 4 percent year over year. Quarterly revenue was $6.80 billion, down 3 percent year over year. Net income was $6.998 billion, down 2 percent from 2024.

“As AI adoption drives substantial investment in advanced semiconductors and wafer fab equipment, Applied Materials delivered its sixth consecutive year of growth in fiscal 2025,” says Gary Dickerson, president and CEO. “We are well positioned at the highest value technology inflections in the fastest growing areas of the market, enabling us to extend our leadership in leading-edge logic, DRAM and advanced packaging as next-generation technologies ramp in volume production over the coming years.”

“Based on our conversations with our customers and partners, we are preparing Applied’s operations and service organizations to be ready to support higher demand beginning in the second half of calendar 2026,” adds Brice Hill, SVP and CFO. “We have targeted our R&D investments to create new products and technologies that will enable even faster and more energy-efficient transistors, chips and systems and drive our growth in the years ahead.”