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Applied Materials Forecasts Quarterly Revenue Above Estimates on Strong AI Chip Demand
The chip equipment maker said strong AI infrastructure spending is lifting demand, and its quarterly revenue outlook topped analysts’ estimate by $210 million.
- 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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