Applied Materials Forecasts $8.95 Billion Q3 Revenue as AI Chip Demand Lifts Profit
Updated
Updated · Bloomberg · May 14
Applied Materials Forecasts $8.95 Billion Q3 Revenue as AI Chip Demand Lifts Profit
4 articles · Updated · Bloomberg · May 14
$8.95 billion in fiscal third-quarter revenue is what Applied Materials projected through July, well above analysts’ average estimate of $8.15 billion.
$3.36 a share in adjusted earnings also topped expectations of $2.88, extending the upside in the company’s outlook.
Soaring demand for AI computing and memory chips drove the stronger sales and profit forecast for the largest U.S. semiconductor-equipment supplier.
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