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November 13 – Applied Materials (AMAT.O) reported strong growth in fourth-quarter profit and sales, driven by AI-related semiconductor demand. Quarterly profit reached $2.72 billion, or $3.40 per share, up from $1.90 billion, or $2.38 per share, in the same period last year. Excluding one-time items, adjusted earnings per share came in at $4.16, beating analysts' expectations of $4.06. Revenue rose 53% to $10.41 billion, surpassing the anticipated $10.3 billion. Chief Executive Gary Dickerson said the semiconductor systems business is expected to grow by more than 40% this year; in the most recent quarter, sales in that segment surged 64% to nearly $8 billion. For the new fiscal year, the company forecasts first-quarter revenue of $11.1 billion, plus or minus $500 million, with adjusted earnings per share of $4.35, plus or minus 20 cents.
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