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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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13 Articles
13 Articles
Cisco Systems (NASDAQ:CSCO) Posts Earnings Results, Beats Estimates By $0.07 EPS
Cisco Systems (NASDAQ:CSCO - Get Free Report) issued its quarterly earnings results on Thursday. The network equipment provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. The firm had revenue of $18.52 billion during the quarter, compared to the consensus estimate of $18.12 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.
·Sioux Falls, United States
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Cisco Raises Sales Guidance in Sign of AI-Fueled Momentum
Cisco Systems Inc. gave a sales forecast for the current quarter that exceeded Wall Street estimates and raised its annual outlook, a sign the AI boom continues to fuel demand for its networking equipment.
·New York, United States
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Coverage Details
Total News Sources13
Leaning Left0Leaning Right2Center7Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
C 78%
R 22%
Factuality
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