Applied Materials has issued an optimistic financial forecast that outpaces broader market projections due to substantial demand for advanced AI processors. The chip-equipment supplier expects sustained customer investments to continually drive purchases of its specialized manufacturing machinery. According to data compiled by LSEG, the firm anticipates achieving approximately $11.10 billion in quarterly revenue, comfortably beating the analyst consensus of $10.89 billion.
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
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