Applied Materials reported revenue of approximately $9 billion for the fiscal third quarter ending July 2026, representing 25% year-over-year growth. The company raised its revenue and profit forecasts for both calendar years 2026 and 2027, including upgrading its semiconductor equipment growth outlook to over 30% for 2026, up from approximately 20% previously. Q3 revenue came in close to analyst expectations of around $9.04 billion. According to equity analysts covering the stock, margins are running at their highest levels in 25 years. The raised outlook for 2027 suggests Applied Materials sees demand durability beyond the current wave of AI infrastructure investment.
Source: Read the original article
