Applied Materials, Inc. (Nasdaq: AMAT) reported fiscal Q1 non-GAAP earnings late Thursday of $2.13 per diluted share, up from $2.03 a year earlier.
Analysts polled by Capital IQ expected $1.91.
Revenue in the quarter ended Jan. 28 fell to $6.71 billion from $6.74 billion a year earlier. Analysts surveyed by Capital IQ expected $6.49 billion.
In Q2, the company said it expects non-GAAP diluted EPS of $1.79 to $2.15 on revenue of $6.5 billion, plus or minus $400 million. Analysts in a Capital IQ poll expect EPS of $1.78 on revenue of $6.33 billion.
Applied Materials shares climbed 10% in recent after-hours trading.