04:14 PM EST, 02/13/2025 (MT Newswires) -- Applied Materials ( AMAT ) reported fiscal Q1 non-GAAP earnings late Thursday of $2.38 per diluted share, up from $2.13 a year earlier.

Analysts polled by FactSet expected $2.28.

Revenue for the quarter ended Jan. 26 was $7.17 billion, up from $6.71 billion a year earlier.

Analysts surveyed by FactSet expected $7.15 billion.

The company said it expects fiscal Q2 non-GAAP diluted EPS of $2.30, plus or minus $0.18, on revenue of $7.10 billion, plus or minus $400 million. Analysts surveyed by FactSet expect $2.29 and $7.21 billion, respectively.

Shares of the company were down 3.6% in recent after-hours activity.

Price: 177.70, Change: -6.57, Percent Change: -3.57