04:43 PM EST, 11/13/2025 (MT Newswires) -- Applied Materials' ( AMAT ) fiscal fourth-quarter results fell less than expected even as revenue in the company's semiconductor systems segment declined.

Adjusted earnings declined to $2.17 per share during the three months ended Oct. 26 from $2.32 a year earlier, compared with the FactSet-polled consensus indicating $2.11. Sales fell 3% to $6.8 billion, but came in higher than the Street's $6.68 billion view.

Sales in the semiconductor systems segment dropped to $4.76 billion from $5.18 billion, while applied global services edged lower to $1.63 billion from $1.64 billion.

The semiconductor equipment maker said in October that it expected China-related export restrictions to reduce revenue by about $110 million in the fiscal fourth quarter and by $600 million in fiscal 2026.

B. Riley Securities recently expected the fourth-quarter results to at least match market expectations, despite consensus views not fully capturing the impact of export restrictions.

Applied Materials ( AMAT ) said late Thursday that it expects first-quarter adjusted EPS of $2.18, plus or minus $0.20, on estimated revenue of $6.85 billion, plus or minus $500 million. The consensus is for $2.14 and $6.79 billion, respectively.

"Based on our conversations with our customers and partners, we are preparing Applied's operations and service organizations to be ready to support higher demand beginning in the second half of calendar 2026," Chief Financial Officer Brice Hill said in a statement.

"We have targeted our (research and development) investments to create new products and technologies that will enable even faster and more energy-efficient transistors, chips and systems and drive our growth in the years ahead."

Applied Materials' ( AMAT ) shares fell 2.2% in after-hours trading. The stock had risen 37% through Thursday's close.