We report the theoretical prediction and experimental realization of the optical phenomenon of “ballistic resonance.” This resonance, resulting from the interplay between free charge motion in confining geometries and periodic driving electromagnetic fields, can be utilized to achieve negative permittivity at frequencies well above the bulk plasma frequency. As a proof of principle, we demonstrate all-semiconductor hyperbolic metamaterials operating at frequencies 60% above the plasma frequency of the constituent doped semiconductor “metallic” layer. Ballistic resonance will therefore enable the realization and deployment of various applications that rely on local field enhancement and emission modulation, typically associated with plasmonic materials, in new materials platforms.