According to Jin10, Applied Materials (AMAT.O) reported significant increases in sales and profit in its fourth fiscal quarter, driven by AI-led semiconductor demand. Profit was $2.72 billion, or $3.40 per share, compared with $1.90 billion, or $2.38 per share, a year earlier. Adjusted earnings per share, excluding certain one-time items, were $4.16, above analysts’ prior forecast of $4.06. Revenue rose 53% to $10.41 billion, exceeding analysts’ forecast of $10.3 billion. CEO Gary Dickerson said the company’s 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 first quarter of its new fiscal year, Applied Materials expects revenue of $11.1 billion, plus or minus $500 million, and adjusted earnings per share of $4.35, plus or minus 20 cents.