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Applied Materials forecasts quarterly revenue above estimates on strong AI chip demand

Applied Materials forecasts quarterly revenue above estimates on strong AI chip demand
Channel News Asia Thursday 12 November 2026, 21:07 UTC 1 min read
Key Points

Applied Materials forecasts quarterly revenue above estimates on strong AI chip demand Nov 12 : Applied Materials forecast first-quarter revenue above Wall Street expectations on Thursday, betting that strong demand for advanced AI chips will continue to fuel spending on its semiconductor manufacturing equipment. The company forecast quarterly revenue of around $11.10 billion, plus or minus $500 million, compared with the average of analysts' estimates of $10.89 billion, according to data...

Applied Materials forecasts quarterly revenue above estimates on strong AI chip demand Nov 12 : Applied Materials forecast first-quarter revenue above Wall Street expectations on Thursday, betting that strong demand for advanced AI chips will continue to fuel spending on its semiconductor manufacturing equipment. The company forecast quarterly revenue of around $11.10 billion, plus or minus $500 million, compared with the average of analysts' estimates of $10.89 billion, according to data compiled by LSEG. Source: Reuters
Applied Materials (ORG) AI (ORG)
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