05:20 AM EDT, 08/15/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.)

Applied Materials ( AMAT ) shares were down 14% in recent premarket activity Friday after the semiconductor equipment maker provided fiscal Q4 guidance below market expectations, overshadowing its fiscal Q3 earnings and revenue beats.

The company reported fiscal Q3 adjusted earnings late Thursday of $2.48 per diluted share, up from $2.12 a year earlier.

Analysts polled by FactSet expected $2.36.

Revenue for the three months ended July 27 was $7.30 billion, up from $6.78 billion a year earlier.

Analysts surveyed by FactSet expected $7.22 billion.

The company expects fiscal Q4 adjusted EPS of $2.11, plus or minus $0.20, on revenue of $6.70 billion, plus or minus $500 million.

Analysts expected $2.39 and $7.33 billion, respectively.