Applied Materials Inc. (AMAT) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $2.137 billion, or $2.63 per share. This compares with $1.722 billion, or $2.06 per share, last year.
Excluding items, Applied Materials Inc. reported adjusted earnings of $1.940 billion or $2.39 per share for the period.
Analysts on average had expected the company to earn $2.31 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.8% to $7.100 billion from $6.646 billion last year.
Applied Materials Inc. earnings at a glance (GAAP) :
-Earnings: $2.137 Bln. vs. $1.722 Bln. last year.-EPS: $2.63 vs. $2.06 last year.-Revenue: $7.100 Bln vs. $6.646 Bln last year.
-Guidance:Next quarter EPS guidance: $2.15 - $2.55Next quarter revenue guidance: $6,700 - $7,700
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.