04:46 PM EDT, 05/15/2025 (MT Newswires) -- Applied Materials ( AMAT ) late Thursday reported fiscal second-quarter revenue that trailed Wall Street's estimates.

The semiconductor equipment maker's sales rose 7% year-over-year to $7.1 billion, short of the FactSet-polled consensus indicating $7.13 billion. Adjusted earnings per share increased to $2.39 during the three months ended April 27 from $2.09 a year earlier.

Shares were down 4.3% in after-hours trading.

Sales in the semiconductor systems segment increased to $5.26 billion from $4.9 billion, while applied global services rose to $1.57 billion from $1.53 billion.

Applied Materials ( AMAT ) expects third-quarter adjusted EPS of $2.35, plus or minus $0.20, on estimated revenue of $7.2 billion, plus or minus $500 million. The consensus is for revenue of $7.22 billion.

Last month, President Donald Trump announced sweeping new tariffs on imports, but later declared a 90-day pause on certain duties for non-retaliating countries. The US and China recently agreed to suspend most duties on each other's goods for 90 days, and the Trump administration reached a trade agreement with the UK.

"Despite the dynamic economic and trade environment, we have not seen significant changes to customer demand and are well-equipped to navigate evolving conditions with our robust global supply chain and diversified manufacturing footprint," Chief Financial Officer Brice Hill said in a statement.