# Applied Materials has forecast third-quarter revenue above Wall Street estimates.

*semiconductor · news · 2026-05-14 · The Sunday Times*

## Key points

- Applied Materials forecasts Q3 revenue of $8.95 billion, notably above Wall Street estimates.
- Applied Materials' semiconductor equipment business is expected to grow over 30 percent in 2026.
- Cisco raised its full-year AI infrastructure order expectation to $9 billion from $5 billion.
- Cisco will cut about 4,000 jobs, almost 5 percent of its global workforce, amid AI expansion.

**Companies:** Applied Materials, Cisco Systems
**Countries:** United States

[Read the full story on The Sunday Times](https://www.thetimes.com/business/companies-markets/article/applied-materials-beats-wall-street-forecasts-ai-lxtp9kgn2)

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