The bending fatigue performance of four heats of carburized, commercially-produced SAE 4320 steel was evaluated. Simulated gear tooth in bending (SGTB) cantilever beam specimens from each heat were identically carburized and fatigue tested in the direct quenched condition after carburizing. The microstructure and fracture surfaces of all specimens were characterized with light and electron microscopy. The four direct quenched sets of specimens performed similarly in low cycle fatigue. Endurance limits among the direct quenched specimens ranged between 1100 and 1170 MPa (160 and 170 ksi) and intergranular cracking dominated fatigue crack initiation. An additional set of specimens from one of the heats was reheated after carburizing. The fatigue performance of the reheated specimens was superior to that of the direct quenched specimens in both the low and high cycle regions. The effects of inclusion content, microstructure, and residual stresses on fatigue performance are discussed.