# Applied Materials forecast third-quarter revenue and adjusted profit above Wall Street estimates.

*semiconductor · news · 2026-05-15 · The Star*

## Key points

- Applied Materials forecasted Q3 revenue of $8.95 billion, surpassing analysts' $8.09 billion consensus.
- The company predicts over 30% growth in semiconductor equipment and 50% growth in packaging revenue by 2026.
- Applied Materials increased its build plan, inventory, and logistics capacity to support higher demand.
- Q2 revenue and profit significantly beat estimates, driven by soaring AI data center and infrastructure investments.

**Companies:** Applied Materials, TSMC
**Countries:** United States, Mexico

[Read the full story on The Star](https://www.thestar.com.my/tech/tech-news/2026/05/15/applied-materials-sees-quarterly-revenue-above-estimates-on-sustained-ai-spending)

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