semiconductor / news / / The Sunday Times
Applied Materials has forecast third-quarter revenue above Wall Street estimates.
Applied Materials forecasts Q3 revenue of $8.95 billion, notably above Wall Street estimates.
KEY POINTS
- 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
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