04:17 PM EDT, 05/15/2025 (MT Newswires) -- Applied Materials ( AMAT ) reported fiscal Q2 non-GAAP earnings late Thursday of $2.39 per diluted share, up from $2.09 a year earlier.

Analysts polled by FactSet expected $2.31.

Revenue for the quarter ended April 27 was $7.10 billion, up from $6.65 billion a year earlier. Analysts surveyed by FactSet expected $7.13 billion.

For fiscal Q3, the company expects non-GAAP EPS of $2.15 to $2.55 on revenue of $6.7 billion to $7.7 billion. Analysts were looking for $2.31 and $7.22 billion, respectively.

The shares were down about 3% in after-hours activity.