The semiconductor equipment maker reported $3.50 EPS and $9.12B revenue, exceeding analyst expectations for the quarter.
Applied Materials posted third-quarter non-GAAP earnings per share of $3.50, beating estimates by $0.11. Revenue reached $9.12 billion, up 24.9% year-over-year and $120 million above forecasts.
Analysts had anticipated $9.56 billion in revenue and $3.69 EPS for the upcoming fourth quarter. The company’s results reflect strong demand in semiconductor manufacturing equipment.
Shares showed limited immediate reaction in after-hours trading following the release.