The company reported non-GAAP earnings per share of $1.25 on revenue of $4.69 billion.
Applied Materials, based in Santa Clara, Calif., had been expected to report earnings of $1.17 a share, on sales of $4.6 billion, based on a FactSet survey of 23 analysts.
In the same period a year ago, the company posted earnings of 80 cents a share on sales of $3.8 billion. It reported net income of $571 million.
The company had offered guidance of $1.11 to $1.23 a share on Aug. 14. Shares have risen 5.2% since then.
Applied Materials also offered upbeat guidance for its fiscal first quarter, saying it expects revenue of $4.95 billion and non-GAAP diluted earnings per share between $1.20 and $1.32.
“Demand for our semiconductor systems and services remains very strong,” said Gary Dickerson, president and CEO, in a statement. “Our future opportunities have never looked better and, as powerful technology trends take shape, we are uniquely positioned to accelerate our customers’ roadmaps and outperform our markets.”
Sales rose year-over-year in all regions, but the mix shifted with Europe and the U.S. contributing flat-to-smaller percentages, while Japan, South Korea and China saw their share of sales rise.
Shares of Applied Materials rose $2.30, or 3.3%, to $72.10 in after-hours trading.
The stock has risen sharply in the past two weeks, gaining more than 20% from its Oct. 28 low.