Applied Materials forecasts quarterly revenue above estimates on strong AI chip demand
- On Thursday, Applied Materials reported fourth-quarter revenue of $10.41 billion, surpassing the $10.30 billion analyst estimate amid robust demand for AI manufacturing equipment.
- Santa Clara, California-based Applied Materials is benefiting from increased chipmaker spending to support the rapid build-out of AI infrastructure globally.
- Shares of Applied rose 3% in extended trading following the results, as the company forecast first-quarter revenue above Wall Street expectations.
- CEO Gary Dickerson warned that "clean room availability at a high level will determine what we can ship next year," signaling potential capacity constraints.
- Management anticipates a strong growth year for 2027, citing increased demand visibility from customers as the primary driver supporting continued semiconductor industry expansion.
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18 Articles
U.S. semiconductor equipment company Applied Materials achieved its highest-ever quarterly performance, driven by expanding demand for artificial intelligence (AI) semiconductors. Revenue increased by over 50% year-on-year, and operating profit more than doubled. Demand for advanced foundry (semiconductor contract manufacturing), DRAM, and advanced packaging equipment drove the results. The company expects demand for semiconductor manufacturing …
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