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Applied Materials Forecast Gets Tepid Reaction After Stock Rally

Bloomberg Technology Thursday 13 August 2026, 20:24 UTC By Dina Bass 1 min read
Key Points

Applied Materials Forecast Gets Tepid Reaction After Stock Rally Applied Materials Inc. delivered an estimate-beating forecast that still got a lukewarm reaction from investors, a sign of the lofty hopes surrounding a company that’s key to the AI boom. Revenue will be approximately $10.3 billion in the fiscal fourth quarter, which runs through October, Applied Materials said in a statement Thursday. Though analysts estimated $9.62 billion on average, some projections were closer to $10...

Applied Materials Forecast Gets Tepid Reaction After Stock Rally Applied Materials Inc. delivered an estimate-beating forecast that still got a lukewarm reaction from investors, a sign of the lofty hopes surrounding a company that’s key to the AI boom. Revenue will be approximately $10.3 billion in the fiscal fourth quarter, which runs through October, Applied Materials said in a statement Thursday. Though analysts estimated $9.62 billion on average, some projections were closer to $10 billion, according to data compiled by Bloomberg.
Applied Materials (ORG) Rally Applied Materials Inc. (ORG) AI (ORG) Bloomberg (ORG)
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