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Applied Materials reported fourth-quarter net sales of $10.41 billion, up 53% year-over-year, beating expectations of $10.27 billion. Of this total, semiconductor systems net sales reached $8 billion, up 68% year-over-year and above the expected $7.94 billion; global services net sales came in at $1.9 billion, up 17% year-over-year and beating expectations of $1.85 billion; other net sales were $517 million. Adjusted EPS was $4.16, compared with $2.17 in the same period last year and above the expected $4.06; adjusted gross margin was 50.6%, compared with 48.1% a year earlier and slightly ahead of the expected 50.4%. Looking ahead, the company expects first-quarter net sales of between $10.6 billion and $11.6 billion, versus expectations of $10.87 billion, and adjusted EPS of between $4.15 and $4.55, compared with the expected $4.26.
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