Applied Materials Inc. (AMAT) revealed earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $2.02 billion, or $2.41 per share. This compares with $1.72 billion, or $2.02 per share, in last year's first quarter.
Excluding items, Applied Materials Inc. reported adjusted earnings of $1.78 billion or $2.13 per share for the period.
Analysts on average had expected the company to earn $1.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 0.4% to $6.71 billion from $6.74 billion last year.
Applied Materials Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $2.02 Bln. vs. $1.72 Bln. last year.-EPS (Q1): $2.41 vs. $2.02 last year.-Analyst Estimate: $1.91-Revenue (Q1): $6.71 Bln vs. $6.74 Bln last year.
-Guidance:Next quarter EPS guidance: $1.79 - $2.15Next quarter revenue guidance: $6.10 - $6.90 Bln
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.