Applied Materials Sees Q3 Revenue Topping Estimates

APPLIED MATERIALS INC expects third-quarter revenue of $8.95 billion, plus or minus $500 million, compared with Wall Street estimates of $8.09 billion. Heavy spending on AI infrastructure and data centers continues to drive demand for the company's specialized hardware. The guidance reflects expectations of sustained investment in chip-making tools.

Applied Materials issued the forecast during the late evening. The outlook follows a period of rapid expansion in the semiconductor equipment market.