Applied Materials just reported Q4 earnings, with shares initially down 1% despite beating Wall Street’s expectations on both revenue and earnings.

Here are the key numbers:

• Revenue: $10.409B vs. $10.30B expected 🟢
• Adjusted EPS: $4.16 vs. $4.05 expected 🟢

Year-over-year growth:

• Revenue: +53%
• EPS: +92%

Quick Read

• Double beat: Applied Materials exceeded revenue estimates by 1% and EPS expectations by 3%, with earnings nearly doubling year over year.
• Stock slips despite strong growth: Shares initially fell 1%, suggesting investors are looking beyond the headline beats for reassurance about the semiconductor equipment spending cycle.

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