By Kelly Cloonan
Applied Materials' recorded lower sales in its latest quarter and forecasts higher demand in the back half of next year.
The semiconductor-equipment maker on Thursday posted a fiscal fourth-quarter profit of $1.9 billion, or $2.38 a share, compared with $1.73 billion, or $2.09 a share, a year earlier.
Adjusted earnings per share were $2.17, ahead of the $2.11 a share expected by analysts polled by FactSet.
Revenue fell 3% to $6.8 billion. Analysts expected $6.68 billion.
For the current fiscal first quarter, Applied Materials expects adjusted per-share earnings of $2.18, plus or minus 20 cents, and revenue of $6.85 billion, give or take $500 million.
Analysts forecast adjusted earnings per share of $2.14 on revenue of $6.79 billion.
Chief Financial Officer Brice Hill said the company is preparing for higher demand beginning in the second half of the 2026 calendar year.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
11-13-25 1634ET
